Charter Hall Social Infrastructure (CQE) investor relations material

Executive summary

• Delivered strong half-year results with operating earnings per unit up 11.8% year-over-year and distributions per unit up 12%, supported by high organic rental growth and accretive portfolio curation.

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

• 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 $152.8m at a 6.5% yield and a 16.1-year lease.

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

Financial highlights

• Operating earnings per unit (EPU) of 8.5 cents, up 11.8% year-over-year; distributions per unit (DPU) of 8.4 cents, up 12%.

• Net property income grew 10.5% to $59.1 million, driven by positive rent reviews and portfolio transactions.

• Net tangible assets (NTA) per unit rose to $3.90, a 1% increase from June 2025.

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

• Total assets as of 31 December 2025 were $2,255.7 million, with net assets of $1,447.9 million.

Outlook and guidance

• Upgraded full-year earnings guidance to no less than 17.2 cents per unit and distribution guidance to 17.0 cents per unit, up 11.8% from FY25.

• Guidance incorporates the latest interest rate changes and market expectations.

• 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.