LDR Capital Property Fund · ASX:LED
LDR Capital Property Fund — Elanor Investors Group — HY26 Earnings Presentation
17 slides from LDR Capital Property Fund's earnings presentation, Jul 27, 2026
Slide 1: HY26 Results Overview
HY26 Results Overview Elanor Investors Group ASX: ENN 55 Elizabeth St, QLD
Slide 2: Contents
Contents Contents 1 Business Update 2 HY26 Financial Results 3 Funds Under Management 4 Balance Sheet Acknowledgement of Country Elanor is proud to work with the communities in which we operate, to manage and improve properties on land across Australia and New Zealand. We pay our respects to the Tra
Slide 3: Business Update
1 Business Update Harris St, NSW
Slide 4: Stabilising the business, and positioning for growth
Business Update Stabilising the business, and positioning for growth Stabilising the Group’s balance sheet • Keyview facility and Corporate Notes providing bridging support through to balance sheet recapitalisation • Debt reduction strategy from asset realisation program is ongoing (~$38.5m debt rep
Slide 5: HY26 Financial Results
2 HY26 Financial Results Riverton Forum, WA
Slide 6: Focus on Stabilising the Balance Sheet
HY26 Results Overview Focus on Stabilising the Balance Sheet Focus on maintaining recurring funds management income HY26 Results $17.4m $3.7m $(8.9)m Recurring Funds Recurring Funds Core Earnings Management Management EBITDA Income (excl. acq . fees) HY25: $24.0m HY25: $4.6m HY25: $(4.4)m $2.7bn $0.
Slide 7: Core Earnings
HY26 Financial Results Core Earnings Core Earnings HY26 $m HY25 $m Management Fees 14.8 19.7 Development and Leasing Fees 2.6 2.9 Funds management income impacted Hotel Operator Fees 1 - 1.4 $18.3m by managed fund divestments and unwinding of CLC Mandate. Recurring Funds Management Income 17.4 24.0
Slide 8: Focus on recurring funds management income
HY26 Financial Results Focus on recurring funds management income Funds Management Income $35m $30m $28.7 m $25m 5 .0 1.1 $24.4 m 1.4 0.4 $17.4m 2.4 2.9 $20m $18.3m Recurring funds management 0.9 income , a decrease of ~28% on HY25 2.6 $15m $10m 20.3 19.7 14.8 $5m - HY24 HY25 HY26 $18.3m Management
Slide 9: Distributions from co-investments
HY26 Financial Results Distributions from co-investments Reduced co-investment distributions and impact of divestment activities with Fund distributions retained for certain funds ENN ENN ENN Co - ENN Co - Distribution Distribution Investment Investment Divested HY26 HY25 Comments 31 Dec 2025 31 Dec
Slide 10: Funds Under Management
3 Funds Under Management 55 Elizabeth St, QLD
Slide 11: Focus on Core Funds Management Platform
Funds Under Management Focus on Core Funds Management Platform $2.7bn of AUM at 31 December 2025 Retail Office Hotels, Tourism & Leisure Healthcare Industrial $1.2bn $0.8bn $0.4bn $0.3bn $0.1bn $0.1bn ADIC mandate $0.3bn ADIC mandates $0.5bn Elanor Commercial Property Fund ASX:ECF $0.3bn Institution
Slide 12: Asset realisation program
Funds Under Management Asset realisation program Approximately $695 million in assets realised during the period, with capital returned to fund investors, including Elanor Asset divestments during the period Sale Price HY26 Asset realisations Settlement • Stirling Street Syndicate completed the sale
Slide 13: Funds Under Management
Funds Under Management Asset realisations $(271)m Funds Under Management Executing on asset realisation program and focusing on core retail, office, healthcare, leisure and industrial real estate sectors Increase Decrease Total $6,000m Asset realisations $(695)m $5,497m $5,500m $5,000m $4,500m $4,00
Slide 14: Balance Sheet
4 Balance Sheet Broadmeadows, VIC
Slide 15: Balance Sheet
Balance Sheet Balance Sheet Balance Sheet1 31-Dec-25 $m $ Mvt 30-Jun-25 $m Assets Cash 5.2 (2.5) 7.7 1 Receivables reduced by $7.0m during the period driven by collections from managed funds including Receivables 41.1 1 (7.0) 48.1 EHAF from improved trading conditions and asset Other current assets
Slide 16: Receivables from managed funds
Balance Sheet Receivables from managed funds Continued focus on recovery of receivables through fund asset realisation programs and improved operating performance. 31 December 30 June Receivables 2025 2025 Comments $m $m Managed funds with asset realisations Elanor Hotel Accommodation Fund (EHAF) 16
Slide 17: Disclaimer
Elanor Investors Group Disclaimer This presentation has been authorised for release by the Elanor Investors Group Board of securities in the Group or any other investment product . Directors . The information in this presentation has been obtained from and based on sources This presentation has been