Charter Hall Social Infrastructure (CQE) investor relations material

Executive summary

• Achieved strong organic rental growth and accretive portfolio curation, driving double-digit earnings and distribution growth for 1H FY26, with upgraded guidance.

• Portfolio consists of 308 diversified social infrastructure properties with sector-leading tenants and 99.6% occupancy.

• Major acquisition: 50% interest in Western Sydney University campus for AUD 152.8 million at a 6.5% yield and 16.1-year lease.

• Statutory profit for the half year ended 31 December 2025 was AUD 47.0 million, up from AUD 31.0 million year-over-year.

• Strategy focuses on resilient income, capital growth, and active portfolio curation in essential service sectors.

Financial highlights

• Operating earnings per unit rose 11.8% year-over-year to AUD 0.085, with distributions per unit up 12% to AUD 0.084.

• Net property income increased 10.5% year-over-year to AUD 59.1 million; like-for-like net property income up 4.1%.

• NTA per unit increased 1% to AUD 3.90, driven by a AUD 12.2 million portfolio revaluation uplift.

• Statutory profit for 1H FY26 was AUD 47.0 million, up from AUD 31.0 million in 1H FY25.

• Distribution payout ratio was 99%.

Outlook and guidance

• Upgraded full-year earnings guidance to no less than AUD 0.172 per unit and distribution guidance to AUD 0.17 per unit, up 11.8% from FY25.

• Guidance reflects current interest rate environment and assumes no further rate hikes beyond those already priced in.

• Positive industry and demographic fundamentals expected to support further growth.

• Inflation-linked revenue streams and interest rate hedging are expected to support future performance.

• Directors are not aware of any anticipated changes that would materially impact future results.