FINANCIAL RESULTS 2023

March 11, 2024

DISCLAIMER

Cautionary note regarding forward-looking statements

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and

unknown risks and uncertainties that could cause actual results, performance or events to differ materially

from those expressed or implied in such statements. Actual results, performance or events may differ

materially from those in such statements due to, without limitation, general economic conditions, including in particular economic conditions in the alstria's core business and core markets, general competitive

factors, the impact of acquisitions, including related integration issues, and reorganization measures. Furthermore, the development of financial markets, interest rate levels, currency exchange rates, as well as national and international changes in laws and regulations, in particular regarding tax matters, can have a corresponding impact. Many of these factors may be more likely to occur, or more pronounced, as a result

of terrorist activities and their consequences.

The current COVID-19 outbreak is creating substantial uncertainty in the marketplace. Although alstria has diligently reviewed the information contained in this release it is based on its own analysis and estimate, as

well as available public sources and not on active discussion with tenants. As such the current liquidity risk

of the tenants can materially differ from alstria's own estimate, and the actual impact of the COVID 19 outbreak may differ substantially from the current previsions.

No duty to update

The company assumes no obligation to update any information contained herein.

Financial results 2023

alstria office REIT-AG

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AGENDA

Operations

Financials

Carbon Accounts

Appendix

SOLID OPERATING RESULT IN 2023

FFO above plan

Revenues: EUR 192.0 million (+5.0 % yoy)

FFO: EUR 88.0 million (-17.4 % yoy)

FFO per share: EUR 0.49 (-17.4 % yoy)

Stable leasing result

New leases: 23,400 m²

Lease extensions: 110,000 m²

Market-related devaluation

Markdown: EUR 769.5 million

Capex: EUR 137.3 million

Disposals: EUR 2.8 million

Balance sheet

EPRA NTA: EUR 9.10 per share

Net LTV (balance sheet): 56.4 %

BESENBINDERHOF 41, HAMBURG

Financial results 2023

alstria office REIT-AG

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PORTFOLIO UPDATE

Investment property: EUR 4.0 billion

Avg. size per asset: 13,100 m²

Avg. value per asset: EUR 37.6 million

Value per m²

Valuation

EUR 2,860

5.0%

WAULT

EPRA vacancy rate

5.3 years

8.0%

Contractual rent

199.6 million

ALSTRIA′S PORTFOLIO

Investment volume: EUR 4.0 bn

Lettable area: 1.4 million m² million

Hamburg (headquarters)

EUR 1,314 million

33 assets

374,900 m²

EUR 62 million

Berlin

EUR 366 million

12 assets

98,400 m²

EUR 14 million

Düsseldorf

EUR 1,039 million

31 assets

423,700 m²

EUR 60 million

Frankfurt

EUR 897 million

22 assets

288,100 m²

EUR 43 million

Stuttgart

EUR 373 million

8 assets

208,600 m²

EUR 20 million

Number of assets: 106

Contractual rent: EUR 199.6 MILLION

Financial results 2023

alstria office REIT-AG

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LETTING OVERVIEW

LETTING VOLUME IN FY 2023: 133,400 m²*

FUTURE INCOME SECURED IN FY 2023:

(vs. 107,300 m² in FY 2022)

EUR 109.0 m

New leases

Lease extensions

89.8 m

WAULT: 4.6 years

WAULT: 5.3 years

*Thereof 106.800 sqm of office space.

110,000 m²

19.2 m

New leases

Lease extensions

AVERAGE RENT*

in EUR per m²

CAGR: 2.9%

12.77

14.07

14.11

14.47

14.53

14.76

23,400 m²

2018

2019

2020

2021

2022

2023

Financial results 2023

*Total contractual rent/office space.

alstria office REIT-AG

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CAPEX

Project

City

Epplestr. 225

Stuttgart

Gustav-Nachtigal-Str. 3

Wiesbaden

Deutsche-Telekom-Allee 7

Darmstadt

Carl-Reiß-Platz 2, 3, 4

Mannheim

Friedrich-Scholl-Platz 1

Karlsruhe

Gasstr. 18

Hamburg

Platz der Einheit 1

Frankfurt

Adlerstr. 63

Düsseldorf

Gustav-Nachtigal-Str. 4

Wiesbaden

Buxtehuder Str. 9, 9a, 11, 11a

Hamburg

Friedrich-List-Str. 20

Essen

Top 10 projects

Other projects

Total capex

Capex 2023

(EUR m)

31.7

12.5

9.1

7.0

5.8

4.8

4.5

4.1

3.8

3.4

3.4

90.3

47.0

137.3

PLATZ DER EINHEIT 1, FRANKFURT

Financial results 2023

alstria office REIT-AG

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AGENDA

Operations

Financials

Carbon Accounts Appendix

MOVEMENT OF INVESTMENT PROPERTY

Financial results 2023

alstria office REIT-AG

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SELECTED BALANCE SHEET POSITIONS

G-REIT equity ratio

43.0% (55.3%*)

EPRA NTA per share

EUR 9.10 (EUR 14. 47*)

*As of Dec. 31, 2022.

INVESTMENT PROPERTY

in EUR million

4,607

3,971

-13.8%

Dec. 31, 2022

Dec. 31, 2023

EQUITY

in EUR million

2,571

1,618

-37.1%

Dec. 31, 2022

Dec. 31, 2023

NET FINANCIAL DEBT

in EUR million

2500

14.5%

2,334

2,038

2000

1500

1000

500

0

Dec. 31, 2022

Dec. 31, 2023

Financial results 2023

alstria office REIT-AG

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Alstria Office REIT-AG published this content on 08 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 March 2024 16:23:03 UTC.