Peach Property Group AG: Balance sheet transformation 2025 complet-ed; operational performance and portfolio strengthened

Zürich (pta007/22.04.2026/07:00 UTC+2)

Ad hoc announcement pursuant to Art. 53 LR

• Audited results for 2025 document the successful balance sheet transformation
• Net rental income in the Strategic Portfolio increased by around 4.5 % on a like-for-like basis to EUR 82.8 million; total portfolio EUR 108 million
• Vacancy rate in the Strategic Portfolio based on residential units decreased to 3.8 %; total portfolio 5.2 %
• Funds from Operations (FFO) of EUR 17.7 million at the upper end of guidance
• Market value of the real estate portfolio increased, supported by a positive valuation result of around EUR 5 million, to EUR 1.93 billion; Loan-to-Value (LTV) ratio at 49.2 %
• Focus in 2026 on improving operating performance in the Strategic Portfolio and the structured disposal of the remaining Non-Strategic Portfolio
• Guidance 2026: increase in net rental income in the Strategic Portfolio of around 6.0 % (like-for-like), FFO of Peach Property Group of EUR 17 to 19 million

Peach Property Group AG ( «Peach Property Group»), a real estate investor focused on residential real estate in Germany, has published its annual report with audited results for the financial year 2025. The year was marked by the completion of the financial transformation initiated in the prior year and the first tangible operational successes in reducing vacancy. In this context, the Eurobond and the promissory notes were repaid ahead of maturity, the capital base was significantly strengthened through a capital increase in July 2025 (gross proceeds of around EUR 52 million), and the balance sheet was sustainably positioned with a long-term, secured financing structure at a market-level interest rate of 3.9 %.

Operational performance stable despite portfolio disposals

Operational performance developed in line with expectations. Net rental income in the core portfolio (Strategic Portfolio) increased by around 4.5 % on a like-for-like basis in 2025 to EUR 82.8 million (previous year: EUR 79.1 million). The vacancy rate in the Strategic Portfolio based on residential units was further reduced and stood at 3.8 % as of December 31, 2025 (previous year: 5.2 %). The average in-place rent in the Strategic Portfolio, at around EUR 6.61 per sqm, remains approximately 12 % below the average market level, implying further potential for a gradual mid-term increase in rents.

These figures clearly reflect the progress made in operational management and letting performance in the Strategic Portfolio. FFO reached EUR 17.7 million in the 2025 financial year (previous year: EUR 19.4 million), placing the result at the upper end of the guided range. Despite the earnings impact from the 2024 portfolio transaction and refinancings at market terms, FFO therefore remained broadly in line with the prior year.

At the same time, the successful execution of the refinancing measures is reflected in the improved balance sheet structure; the LTV ratio stood at 49.2 % as of December 31, 2025. The result before taxes improved significantly to EUR -47.2 million (2024: EUR -176.9 million). The new shares issued as part of the capital increase resulted in slight dilution effects, with EPRA NTA at EUR 18.50 per share (previous year: EUR 20.01) and EPRA NRV at EUR 19.37 per share (previous year: EUR 22.71). The calculations were adjusted in line with EPRA compared with prior year.

The market value of the standing real estate portfolio amounted to EUR 1.93 billion at year-end 2025 (previous year: EUR 1.90 billion) and thus increased despite disposals from the Non-Strategic Portfolio in 2025.

The portfolio strategy remains unchanged: the focus is on the scalable core cluster in North Rhine-Westphalia within the Strategic Portfolio, while Non-Strategic assets are being disposed gradually to generate liquidity for capex investments in the core portfolio and further deleveraging of Peach Property Group. In December 2025, agreements were signed to sell around 1,800 residential and commercial units from the Non-Strategic Portfolio; closing is expected in the first half of 2026. As a result, the remaining Non-Strategic portfolio is expected to decline to around 3,700 units. The disposal is expected to generate net cash proceeds of more than EUR 40 million.

Outlook 2026

With the refinancing in the 2025 financial year largely completed, Peach Property Group will focus in 2026 on improving operational performance in the Strategic Portfolio and on the structured disposal of the remaining Non-Strategic Portfolio. The Peninsula development project on Lake Zurich is expected to be fully handed over to buyers by the end of the year. For the few remaining Swiss portfolio assets classified as Non-Strategic, a sales Letter of Intent (LOI) has been signed.

For the 2026 financial year, the Group expects FFO in a range of EUR 17 to 19 million. Operational priorities include reducing vacancy in the Strategic Portfolio to below 3 % through stronger letting execution and more efficient central processes – particularly further optimisation of receivables management – as well as the consistent realisation of rental upside. The Company targets like-for-like net rental income growth in the Strategic Portfolio of around 6.0 % this year, to be achieved through a vacancy reduction of 2.0 % and rent growth of 4.0 %. The capex strategy will be continued to further improve asset quality, ensure competitive rents and support sustainable portfolio operations. The Non-Strategic Portfolio will continue to be sold off gradually, primarily in smaller tranches. Disposal proceeds will be used to finance targeted investments in the Strategic Portfolio and to further strengthen the balance sheet. In the medium term, the Company remains committed to reducing the LTV ratio to below 45 %.

Gerald Klinck, Chief Executive Officer and Chief Financial Officer of Peach Property Group: «Following the completion of the refinancing in 2025, our focus is clearly on the operational development of the Strategic Portfolio. We will further reduce vacancies, consistently capture rental upside and continue to improve process efficiency. This creates the basis for sustainable, mid-term earnings development with a Net Operating Income margin of 80 % and an EBITDA margin of more than 60 %. Our objective is for the operational performance of the Strategic Portfolio to fully offset or exceed the earnings effects from further disposals of the Non-Strategic Portfolio by 2028 at the latest.»

Contacts:

Media, investors, and analysts

Gerald Klinck, Chief Executive Officer and Chief Financial Officer

+41 44 485 50 00 | investors@peachproperty.com

Media Germany

Rosenberg Strategic Communications GmbH & Co. KG

Jorg Keller, Director

+49 151 61527741 | j.keller@rosenbergsc.com

About Peach Property Group AG

Peach Property Group is a real estate investor with its investment focus on residential real estate in Germany. The group stands for many years of experience, expertise, and quality. Innovative solutions for tenants' needs, strong partnerships, and a broad value chain round out the profile, while digitalization and sustainability shape the operating business. The portfolio consists of high-yield properties, typically in German Tier II cities in the catchment area of metropolitan areas. Its activities therefore span the entire value chain, from site evaluation and acquisition to active asset management and the leasing or sale of real estate. In addition, the group develops selected properties in Switzerland for sale as condominiums, with the "Peninsula Wädenswil" development project being the last such project.

Peach Property Group AG is headquartered in Zurich and has its German group headquarters in Cologne. Peach Property Group AG is listed on the SIX Swiss Exchange (PEAN, ISIN CH0118530366). The Board of Directors comprises Michael Zahn (Chairman), Cyrill Schneuwly, Beat Frischknecht, Urs Meister and Alexander Hesse.

Further information is available at https://peachproperty.com.

(end)

Emitter:	Peach Property Group AG Neptunstrasse 96 8032 Zürich Switzerland
Contact Person:	Gerald Klinck
Phone:	+41 44 485 50 00
E-Mail:	investors@peachproperty.com
Website:	www.peachproperty.com
ISIN(s):	CH0118530366 (Share)
Stock Exchange(s):	SIX Swiss Exchange; Free Market in Frankfurt, Stuttgart, Tradegate BSX