RELIABLE. DURABLE. GROWING.
Executive TeamHighly experienced with in-depth market knowledge
Kevin Salsberg President & CEOLesley Gibson CPA, CA
SVP & CFOFormer EVP and CIO, Plaza Retail REIT Former COO, KEYreit
Former CAO, Choice Properties REIT Former EVP Finance, Primaris Retail REIT
Q3 2026
Jodi Shpigel SVP, Real EstateFormer SVP Development, First Capital REIT
3
Strategic Overview
Investment HighlightsCanada's premier net lease Real Estate Investment Trust
Q3 2026
AFFO/Unit CAGR1,2: 3.8%
NAV/Unit CAGR1: 4.5%
Occupancy Rate3: 99.5%
Annualized base
minimum rent from
Distribution/Unit CAGR1: 3.2%
investment grade tenants:
95.7%
31.9M Sq. Ft.Irreplaceable National Portfolio
6.7 YearsLong weighted average lease term
1 5-year Compound Annual Growth Rate ("CAGR") for period Q3 2021 - Q3 2026.
2 Non-GAAP ratio. Refer to Disclaimer and Specified Financial Measures in the Appendix of this presentation for more information.
3 Occupancy and other leasing key performance measures have been prepared on a committed basis which includes the impact of existing lease agreements contracted on or before September 30, 2026.
5
Niagara Falls, ON
5
Irreplaceable National PortfolioQ3 2026
381
TOTAL PROPERTY COUNT
31.9M
SQUARE FEET OF GLA1
1
YUKON
30
9
BRITISH COLUMBIA
NORTHWEST TERRITORIES
2
57
ALBERTA
SASKATCHEWAN
8
MANITOBA
QUEBEC
~$8.0B
FAIR MARKET VALUE
NEWFOUNDLAND AND LABRADOR
146
13 ONTARIO
79 NOVA
SCOTIA
19
15
2
PRINCE
All figures as at September 30, 2026.
1 Excluding Properties Under Development.
NEW BRUNSWICK
EDWARD ISLAND
6
High Quality Portfolio44% of Base Minimum rent from: Vancouver, Edmonton, Calgary, Toronto, Ottawa and Montreal ("VECTOM")
BY MARKET1,2
% OF ANNUALIZED BASE MINIMUM RENT
BY ASSET TYPE1
% OF TOTAL GLA
Q3 2026
Industrial, 14.3%
4.6M sq.ft.
Retail, 85.7%
27.4M sq.ft.
Toronto, 17.7%
SMALL, 21.0%
MEDIUM, 12.0%
URBAN-VECTOM, 44.0%
Montreal, 11.1%
Calgary, 4.2%
URBAN-Other, 23.0%
Ottawa, 3.5%
Edmonton, 4.7%
Vancouver, 2.8%
All figures as at September 30, 2026.
1 Excludes Development Properties.
2 Urban: Population >100,000; Medium: Population 20,000 - 100,000; Small: Population <20,000.
7
$10.0B Market Capitalization1 | 1,625 Retail Locations |
$16.7B Consolidated Revenue from Continuing Operations2 | BBB Investment Grade Rating3 |
+5.3% Q3 2026 | +13.0% |
Consolidated | Q3 2026 |
Normalized Revenue4 | Diluted EPS4,5 |
An Exceptional Major Tenant
Canadian Tire Corporation is one of Canada's most admired and trusted companies
100% Brand Recognition
Over 100 years in business
An iconic and trusted omni-channel retailer with scale and room to grow
Resilient business with strong market position in Canada
10 retail banners with over 300 business categories
12.6M active Triangle Rewards loyalty members1
1 As at October 3, 2026.
2 Rolling 12 month revenue from CTC's MD&A - Q4 2025 to Q3 2026.
3 Source: Morningstar DBRS.
4 CTC's Q3 2026 MD&A.
Q3 2026
5 Normalized Diluted Earnings Per Share (Continuing Operations).
Fort St. John, BC 8
Top 10 Tenants1High quality tenant base
Q3 2026
TENANT
PERCENTAGE OF ANNUALIZED BASE RENT
2
0.58 %
3
0.54 %
0.47 %
5
0.45 %
0.38 %
7
0.36 %
8
0.34 %
9
0.31 %
0.31 %
10
6
4
1 0.64 %
TOTAL 4.38 %
All figures as at September 30, 2026.
1 Excluding Canadian Tire Corporation related tenancies.
9
Long-Term Lease MaturitiesOne of the longer weighted average lease terms in the sector with well staggered maturities
Q3 2026
Lease Expiry by % of Annualized Minimum Rent and GLA¹
12.5%
11.9%
11.3%
8.6%
8.6%
8.3%
7.5%
6.9%
6.5%
5.6%
3.9%
3.8%
2.1%
1.4%
0.9%
0.2%
14.0% 5.0
12.0%
4.5
4.0
Square Feet (millons)
Annualized Base Minimum Rent
10.0%
3.5
8.0%
6.0%
4.0%
3.0
2.5
2.0
1.5
2.0%
1.0
0.5
0.0%
-
Q4 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41+
Canadian Tire Retail GLA Industrial Properties GLA Other GLA Annualized Base Minimum Rent
1 Excludes Properties Under Development.
Total base minimum rent excludes future contractual escalations.
Occupancy and other leasing key performance measures have been prepared on a committed basis, which includes the impact of lease agreements contracted on or before September 30, 2026, and vacancies as at the end of the reporting period.
Excludes any lease renewal options and termination rights, if any. 10
Strategic LocationsHigh traffic and transit-oriented locations in growing markets
Prime locations in urban centres
Dominant positions in secondary markets
Leslie St. & Sheppard Ave., Toronto, ON
Q3 2026
11
Industrial Properties4.6M square feet of prime warehouse space in Canada's largest markets
Q3 2026
11 Dufferin Place SECalgary, AB 201K sq. ft
25 Dufferin Place SECalgary, AB 655K sq. ft
5500 Dufferin Blvd. SE1Calgary, AB 350K sq. ft
8400 Healey RoadBolton, ON
1.4M sq. ft
50 Boulevard DupontCoteau-du-Lac, QC 2.0M sq. ft
1 Certified under the Canada Green Building Council's Zero Carbon Building Design Standard. 12
Dufferin DistrictIndustrial node in southeast Calgary provides critical mass and attractive fundamentals
Q3 2026
13
Growth Strategies
Growth Levers6.9 years
WEIGHTED AVERAGE REMAINING LEASE TERM1
EMBEDDED ORGANIC GROWTH
Uniquely positioned to leverage relationship with CTC and pursue third party net lease opportunities to complement organic growth
1.5%
ANNUAL RENT ESCALATION1
1 Canadian Tire leases as at September 30, 2026 (on average).
Q3 2026
Vancouver, BC
15
15
Solid Growth PipelineDevelopment pipeline highlights meaningful opportunities for future growth
Q3 2026
Ongoing Development By Type1
557,000 square feet of ongoing development activity
Total development costs of $391M1,2
Canada Square Office Retrofit:
Phase 1 Office retrofit program commenced in Q4 2025, with approximately 22% of the project budget invested to date
Office retrofit program includes: building envelope modernization, base building systems upgrades, curtain wall replacement, interior renovations and elevator modernization
Retail Intensification, 22%
Pad Development, 1%
Redevelopment, 16%
Canada Square Office Retrofit, 61%
1 As at September 30, 2026.
2 Includes the office retrofit project at Canada Square and certain approved pre-development spend, but excludes future phases of the project.
16
Case Studies
DevelopmentCT REIT has a preferential right to participate in the development of CTC owned properties
Q3 2026
CT REIT is uniquely positioned to participate in the development of Canadian Tire stores and Canadian Tire anchored developments
19 new Canadian Tire stores developed since IPO
Kingston, ON
18
DevelopmentRepositioning and re-leasing under-managed assets; leveraging strategic relationship
Q3 2026
Redevelopment Project: LloydminsterFormer store redeveloped into three units for third-party tenants.
Fully leased to No Frills, The Brick and Skechers, diversifying the tenant base.
Acquired in 2013, comprising approximately 65,000 sq. ft.
Canadian Tire relocated to another CT REIT developed property in 2023, creating a redevelopment opportunity.
19
Development - Canada Square - TorontoNine-acre mixed-use redevelopment site located on two transit lines at Yonge and Eglinton, one of Toronto's most prominent intersections
Urban Mixed Use RedevelopmentQ3 2026
Partnership and Investment: Oxford Properties and CT REIT are investing over $200 million to retrofit the office buildings at Canada Square, located in Toronto.
Office Lease and Redevelopment: The project includes a new 21-year, 550,000 square foot office lease with CTC and will modernize 680,000 square feet of office space in two towers, increasing occupancy to over 90%.
Community and Employee Benefits: The redevelopment adds new employee amenities, retail space, improved streetscape and an upgraded TTC entrance.
Long-term Vision: The project is part of a plan to redevelop the area into a mixed-use community with rental housing and
public spaces. 20
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