Crombie Real Estate Investment Trust · TSX:CRR.UN

Crombie Real Estate Investment Trust — Q1 2025 Earnings Presentation

12 slides from Crombie Real Estate Investment Trust's earnings presentation, May 8, 2025

Slide 2: Cautionary Statements
Cautionary Statements Forward-looking Information Readers are cautioned that such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from these statements. Crombie can give no assurance that actual results will be consistent
Slide 3: Grocery-Anchored Retail Portfolio with Strategic Complementary Assets
Grocery-Anchored Retail Portfolio with Strategic Complementary Assets Three of the Most Desirable Asset Classes in Canadian Real Estate1 Retail Retail-Related Industrial Mixed-Use Residential $4.4B 14.8M $0.6B 2.5M $0.5B 0.6M FAIR VALUE SQ. FT. FAIR VALUE SQ. FT. FAIR VALUE SQ. FT. SCALE 303 $5.9B 1
Slide 4: Building Together
Building Together Enriching communities by building spaces and value today that leave a positive impact on tomorrow VALUE CREATION Own & Operate Optimize Partner SOLID FOUNDATION Financial Strength ESG People & Culture COPYRIGHT © CROMBIE REIT OR ITS LICENSORS. ALL RIGHTS RESERVED 2025 4
Slide 5: Strong results across key operating and financial metrics
Strong results across key operating and financial metrics COMMITTED OCCUPANCY RENEWAL SPREADS Q1 2025 Q1 2025 97.1% 10.0% Q1 2024: 96.2% +0.9% Q1 2024: 10.1% -0.1% PROPERTY REVENUE SAME-ASSET PROPERTY CASH NOI1 Q1 2025 Q1 2025 $122,735 $80,733 Q1 2024: $118,609 +3.5% Q1 2024: $78,244 +3.2% • On Apri
Slide 6: Four Key Levers for Flexibility in Both Non-Major and Major Developments
Four Key Levers for Flexibility in Both Non-Major and Major Developments NON-MAJOR MAJOR Projects less than $50M Projects greater than $50M MODERNIZE INTENSIFY ENTITLE DEVELOP • Capital investments in • Adding GLA and/or • Advancing key sites through • Large-scale, transformative existing grocery-an
Slide 7: Strategic Alignment with Empire
Strategic Alignment with Empire EMPIRE REPRESENTS 11.3M 1 59.4% 1 10.6 year 1 90% sq. ft. of occupied of AMR generated weighted average remaining of retail properties portfolio GLA by Empire Empire lease term anchored by Empire CAPITALIZING ON STRATEGIC ALIGNMENT ACQUISITIONS LAND-USE MODERNIZATIONS
Slide 8: Partnering for Responsible Growth
Partnering for Responsible Growth P R O P E R T I E S – H A L I F A X S T R A T E G I C B E N E F I T S MONTEZ CORPORATION THE MARLSTONE • Stable management Halifax, N.S. Completion expected H1 2026 and development fee income BARRINGTON STREET Entitlement BRUNSWICK PLACE • Accelerated Entitlement en
Slide 9: Persistent pursuit of delivering operational excellence
Persistent pursuit of delivering operational excellence RENEWALS Retail Q1 2025 97.3% 167,000 sq. ft. TOTAL GLA 17.7m SF1 Q1 2024: 249,000 sq. ft. -32.9% 97.1% Retail- related committed industrial occupancy 100 .0% RENEWAL SPREADS Off ice 85.6% Q1 2025 10.0% Q1 2024: 10.1% -0.1% VECTOM 99.4% TOTAL G
Slide 10: Q1'25 Financial highlights
Q1’25 Financial highlights OPERATING INCOME ATTRIBUTABLE TO Property Revenue Growth UNITHOLDERS PER UNIT Q1 2025 Q1'25 3.5% $0.13 Q4'24 3.9% Q1 2024: $0.14 -7.1% Q3'24 4.6% Q2'24 3.1% FFO1 PER UNIT Q1'24 5.5% Q1 2025 Same-Asset Property Cash NOI (SANOI)1 Growth $0.30 Q1 2024: $0.30 -% Q1'25 3.2% Q4'
Slide 11: Well-Positioned Defensive Portfolio with Long–Term Earnings and Cash Flow Stability
Well-Positioned Defensive Portfolio with Long–Term Earnings and Cash Flow Stability CAPITAL STRUCTURE AS AT MARCH 31, 2025 $3.7B Fair Value of Unencumbered Assets 52.1% 43.3% $696M 50.7% 19.1% Available Liquidity 48.9% 2,3 45.3% 44.6% 45.2% 45.7% 43.6% 45.6% 3.22X 43.0% 43.6% Interest Coverage 41.8%

Crombie Real Estate Investment Trust — Q1 2025 Earnings Presentation on 6ix

Crombie Real Estate Investment Trust — Q1 2025 Earnings Presentation

Slide 1: Building Together – Q1 2025 Conference Call

Slide 2: Cautionary Statements

Slide 3: Grocery-Anchored Retail Portfolio with Strategic Complementary Assets

Slide 4: Building Together

Slide 5: Strong results across key operating and financial metrics

Slide 6: Four Key Levers for Flexibility in Both Non-Major and Major Developments

Slide 7: Strategic Alignment with Empire

Slide 8: Partnering for Responsible Growth

Slide 9: Persistent pursuit of delivering operational excellence

Slide 10: Q1'25 Financial highlights

Slide 11: Well-Positioned Defensive Portfolio with Long–Term Earnings and Cash Flow Stability

Slide 12: Building Together