Charter Hall Social Infrastructure (CQE) investor relations material

Executive summary

• Statutory profit for the half year ended 31 December 2025 was $47.0 million, up 51.6% year-over-year, with operating earnings per unit up 11.8% and distributions per unit up 12%.

• Achieved strong organic rental growth and accretive portfolio curation, driving earnings and distribution upgrades.

• 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 $152.8 million at a 6.5% yield, with a 16.1-year lease.

• Early adoption of AASB 18 led to changes in financial reporting, including fair value measurement of joint ventures and associates.

Financial highlights

• Operating earnings per unit were 8.5 cents, up 11.8% year-over-year; distributions per unit were 8.4 cents, up 12%.

• Net property income rose 10.5% to $59.1 million, with like-for-like net property income up 4.1%.

• Net tangible assets per unit increased 1.0% to $3.90 from June 2025.

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

• Portfolio property yield at 5.5% as of 31 December 2025.

Outlook and guidance

• FY26 operating earnings guidance set at no less than 17.2 cents per unit, at least 12.4% growth from FY25.

• FY26 distribution guidance increased to 17.0 cents per unit, representing 11.8% growth from FY25 and 1.2% above previous guidance.

• Guidance incorporates latest interest rate changes and market expectations.

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

• Distributions to be paid quarterly.