CTP (CTPNV) investor relations material

Executive summary

• Achieved record leasing activity in H1 2026, with 1.6 million sqm signed, up 55% year-over-year, and annualized rental income rising 13.3% to €858 million, reflecting strong demand across Europe, especially in Romania, Bulgaria, and Poland.

• Gross rental income grew 12.6% year-over-year to €413.3 million, with like-for-like rental growth of 4.7% driven by indexation and rent reversion.

• Occupancy remained stable at 93%, with a WAULT of 6.1 years and a client retention rate of 89%.

• Portfolio size approaches 15 million sqm, with 2.0 million sqm under construction and a 33 million sqm land bank.

• Portfolio value increased to €18.9 billion, with a diversified pipeline and strong Asian client expansion.

Financial highlights

• Net rental income rose 12.4% year-over-year to €404.8 million, with a margin of 97.9%.

• Company-specific adjusted EPRA earnings increased 11.2% to €240.9 million (EPS €0.50, up 8.7%).

• Profit for the period was €100.0 million, down from €625.8 million in H1-2025, mainly due to a negative net valuation result of -€83.0 million.

• EPRA NTA per share stood at €20.23, up 4.5% year-over-year.

• Gross portfolio yield was 6.5%, with a reversionary yield of 6.9%.

Outlook and guidance

• On track to achieve €1 billion annualized rental income by 2027, supported by pipeline completions and indexation.

• Adjusted EPRA EPS guidance for 2026 is €1.01–1.03 per share, up 9–11% from 2025.

• Interim dividend of €0.345 per share, up 11.3% year-over-year, with a 70% payout ratio.

• Expects stable ERVs for the rest of 2026, with rental growth resuming in 2027.

• Vietnam entry expected to provide higher risk-adjusted returns and strengthen Asian client network.