Peach Property Group AG: Positive Development in Rents and Vacancy Rates in H1/2025 – Refinancing Secured

Zürich (pta006/27.08.2025/07:00 UTC+2)

Ad hoc announcement pursuant to Art. 53 LR

• Large-scale financing of EUR 410 million and capital increase of EUR 52 million strengthen long-term capital structure
• Valuation by new appraiser CBRE confirms portfolio value; Loan-to-Value (LTV) at 52.2% as of 30 June 2025, falling below 50% after capital
  increase in July 2025
• Net rental income increased by approximately 3% on a like-for-like basis
• Vacancy rate in the Strategic Portfolio down to 4.9% as of 30 June 2025
• Funds from Operations (FFO I) at EUR 6.7 million in H1 2025
• FFO I guidance adjusted to EUR 16 to 18 million due to new refinancing
• EPRA NTA slightly increased to EUR 20.60 per share compared to
  31 December 2024, and at EUR 17.80 per share after capital increase in July 2025

Peach Property Group AG ("Peach Property Group"), a real estate investor with investment focus on residential real estate in Germany, has published its H1 2025 results. The first half of 2025 was marked by the successful continuation of its balance sheet transformation and further progress in operational performance. With the partial repayment of around EUR 127 million of its EUR 300 million Eurobond maturing in November 2025, a secured credit facility of EUR 120 million in June 2025, and a capital increase in July 2025 generating gross proceeds of EUR 52 million, the Group was able to further strengthen its balance sheet structure. In August 2025, a long-term financing of EUR 410 million was secured with Castlelake, thereby securing the refinancing of key financial liabilities. As a result, the balance sheet transformation initiated in 2024 has been successfully completed.

Operating performance in line with expectations for H1 2025

The operating performance in the first half of 2025 was within expectations, although impacted by a few non-recurring effects from previous periods. On a like-for-like basis, rental income showed a positive development and increased by approximately 3% year-on-year. The residential vacancy rate in the Strategic Portfolio fell to 4.9% as of 30 June 2025 (31 December 2024: 5.2%). Funds from Operations (FFO I) amounted to EUR 6.7 million in H1 2025.

For the first time, CBRE conducted the valuation of the property portfolio as of mid-year 2025 and confirmed the portfolio's value stability with valuation multiples of approx. 16x (target rent) and 18x (current rent). The market value of the property portfolio stood at EUR 1.94 billion as of 30 June 2025 (31 December 2024: EUR 1.92 billion). Investments in the property portfolio amounted to around EUR 20 million in the first half of 2025. The Loan-to-Value (LTV) ratio was 52.2% as of 30 June 2025, dropping below 50% after the capital increase in July 2025. EPRA NTA was EUR 20.60 per share (31 December 2024: EUR 20.31), decreasing to EUR 17.80 per share after the July 2025 capital increase.

Outlook for 2025

As a result of the new financing arrangements, around EUR 340 million of secured debt will be repaid early. This leads to an adjustment in the FFO I guidance by approximately EUR 2 million to a new range of EUR 16 to 18 million. Net rental income is expected to increase by more than 4% on a like-for-like basis. Operationally, the focus remains on further reducing the vacancy rate in the Strategic Portfolio to below 4%. In the medium term, the company also aims to reduce the LTV to below 45%.

Gerald Klinck, Chief Executive Officer and Chief Financial Officer of Peach Property Group:

"Our results in the first half of 2025 clearly show that we have delivered on our promises. Refinancing has been successfully secured, laying the foundation for the balance sheet transformation we initiated a year ago – while simultaneously demonstrating operational strength. Rising net rental income and a declining vacancy rate in our core portfolio showcase the substance and quality of our business. Following the successful balance sheet transformation, we are now fully focused on operational performance and the structured sale of the Non-Strategic Portfolio, thereby significantly contributing to the sustainable improvement of earnings and shareholder value."

Contacts:

Media, investors, and analysts

Gerald Klinck, Chief Executive Officer

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

Media Germany

Rosenberg Strategic Communications GmbH & Co. KG

Dirk T. Schmitt, Managing Partner

+49 170 302 8833 | D.Schmitt@RosenbergSC.com

About Peach Property Group AG

Peach Property Group is a real estate investor with 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 latest 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.

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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 Berlin, Frankfurt, Stuttgart, Tradegate