Park Street (PARKST) Investor presentation summary

Strategic direction and market context

• Focus on technology-enabled real estate operations, efficient tenant services, and resilient long-term cash flows.

• Emphasis on flexible, mixed-use, and service-oriented assets to meet evolving urban and professional demands.

• Prioritization of long-term hedged financing and disciplined leverage amid stabilizing interest rates.

• Targeting growth in regional cities due to rising living costs in Copenhagen and increased demand from mobile professionals.

Portfolio overview and financial outlook

• Portfolio consists of 32 assets in Denmark, valued at approximately DKK 2,350 million, with an estimated 2025 NOI of DKK 105 million and 2026 budgeted NOI of DKK 112 million.

• EBVAT for 2025 revised to DKK 12 million, impacted by refinancing and underperformance in hotels.

• Key portfolios: Pulse (residential and hotels), Danish Regional Income Portfolio (retail and residential), and Design Portfolio (value-add and development assets).

Pulse Living and hotels

• Pulse Living targets young professionals with scalable, community-focused residential assets in Copenhagen and Taastrup, aiming for 700+ beds and DKK 60+ million NOI by 2027/28.

• Pulse T project in Taastrup involves a vertical extension and refurbishment, with completion targeted for summer 2027.

• Pulse Hotels portfolio includes two assets with a combined value of DKK 240 million and a 2026 target NOI of DKK 16 million; repositioning and upgrades planned.