#1

Colonial

2025 First Quarter Results

1Q 2025 RESULTS | 1

May 8th, 2025





Agenda

01 Highlights

02

Financial Performance

03

Portfolio Management

04

Future Growth



Our Strategic Positioning is set to deliver earnings and value growth

Prime Asset Class delivers strong rental growth

through superior pricing power

The Prime Asset Class delivers superior growth

  • Pricing power on the back of Prime CBD locations with strong connectivity, large efficient floor plates and amenities

  • We attract the best clients and capture above average rental growth with our skills and capabilities

  • Strong earnings growth on the back of a multi-layer growth platform

Superior EPRA Earnings growth

Double Digit YoY growth

Double digit 3-year CAGR growth

55

47

+16%

EPRA

Earnings

47

55 +15%

CAGR

36

38

Q1 24 Q1 25

Q1 22 Q1 23 Q1 24 Q1 25

Colonial to continue serving its clients' needs through

Urban Transformation

Colonial product evolves with its environment

  • Cities are evolving with new uses and regulations

  • Top clients require specific asset characteristics and

    willing to pay above market rents

  • New urban ecosystems to work & live & play - enhanced urban life-style experiences in attractive European cities

Committed to Urban Transformation to Build Enduring Partnerships

Urban Transformation defines our portfolio

Best Clients targeting Prime assets

€11.6bn

GAV

77%

€9bn

Alpha Intervention



The strength of the Prime Asset Class delivers robust results

Revenues Release Spread1 Rental Growth2 EPRA Earnings

GRI - Group

€97m

+4%

Like for Like

NRI - Group3

€89m

Group

+11%

Paris

Portfolio

Group

+7%

Madrid

Portfolio

EPRA Earnings

€55m

+16%

EPRA EPS

€9Cts

+5%

Like for Like

+20%

+9%

Flat Guidance on track

  1. Signed rents vs. previous contracts & re-let office spaces

  2. ERV Growth for Colonial commercial effort .Signed rents vs 12/24 ERV (new lettings & renewals).

  3. Recurring Net Rental income

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Disclaimer

Inmobiliaria Colonial SOCIMI SA published this content on May 08, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 08, 2025 at 16:34 UTC.