NEPI ROCKCASTLE (NRP) Corporate presentation summary

Market position and portfolio overview

• €7.9 billion investment property value across 60 assets in 8 CEE countries, with 2.4 million m² GLA and a 9% dividend yield based on 2024 earnings.

• Largest market exposures are Poland (34%) and Romania (35%), with additional presence in Lithuania, Czech Republic, Slovakia, Croatia, Hungary, and Bulgaria.

• CEE region shows resilient growth, with 2025 GDP forecast at 2.9% and low unemployment rates, outpacing Western Europe.

• Over €100 billion in EU funds available for CEE, supporting economic and retail sector growth.

Strategic execution and financial performance

• 5.6% growth in distributable earnings per share (DEPS) and 13.2% growth in net operating income (NOI) in 2024.

• €788 million development pipeline for 2025-2028, including green energy investments.

• €760 million in acquisitions of dominant assets and €177 million in strategic disposals at an 18% premium to book value.

• €9 million revenue from renewable energy in 2024, with €100 million greenfield projects in Romania.

• €195 million fair valuation uplift, 32.1% loan-to-value, and no debt maturities in 2025.

Operational performance and leasing

• Stable footfall with a 4.6% increase in turnover and a 10.2% rise in basket size from Jan-Apr 2025.

• Health and beauty segment leads with 11% turnover growth; fashion remains the largest segment by turnover.

• Retail vacancy reduced to 1.4% by March 2025, with 96,563m² of leases signed and a blended BRU of 4.8%.