De conformidad con lo establecido en el artículo 227 de la Ley 6/2023, de 17 de marzo, de los Mercados de Valores y de los Servicios de Inversión, Colonial SFL, SOCIMI, S.A. (“Colonial SFL” o la “Sociedad”) comunica la siguiente
OTRA INFORMACIÓN RELEVANTE
Como continuación a la comunicación de información relevante publicada con fecha 15 de julio de 202 6 con número de registro 41904 , Colonial SFL remite documentación de soporte a la presentación a analistas e inversores relativa a los resultados correspondientes al primer semestre de 2026 , que se celebrará hoy jueves día 23 de julio de 202 6 a las 18:30 horas (CET) a través de un webcast.
La presentación podrá seguirse en tiempo real, vía webcast con audioconferencia a través del siguiente enlace , que incluye también los datos de conexión :
Colonial SFL 2026 First Half Results Presentation
Adicionalmente, la presentación de resultados estará disponible en la página web de la Sociedad.
En Madrid, a 23 de julio de 202 6.
#1
Colonial SFL
2026 First Half Results July 23rd, 2026
| 2 2026 First Half Results
DISCLAIMER
Byattending thispresentation andreceiving thisdocument, youareagreeing tobebound bythefollowing limitations .Any failure tocomply with these restrictions may constitute aviolation ofapplicable securities laws and/or may result incivil, administrative orcriminal liabilities .
This document isstrictly confidential andisbeing furnished toyousolely foryour information .Itmay notbereproduced, orredistributed toanyother person, anditmay notbepublished, inwhole orinpart, foranypurpose .
The information contained inthispresentation (“Presentation”) hasbeen prepared byColonial SFL, SOCIMI S.A.(the “Company”) andhasnotbeen independently verified andwillnotbeupdated .Norepresentation, warranty orundertaking, express orimplied, ismade asto,andnoreliance should beplaced on,thefairness, accuracy, completeness orcorrectness oftheinformation oropinions contained herein andnothing inthisPresentation is,orshall berelied upon as,apromise or representation .None oftheCompany noranyofitsemployees, officers, directors, advisers, representatives, agents oraffiliates shall have anyliability whatsoever (innegligence orotherwise, whether direct orindirect, incontract, tortorotherwise) foranylosshowsoever arising from anyuseofthisPresentation oritscontents orotherwise arising inconnection withthisPresentation .
This Presentation isforinformation purposes only andisincomplete without reference to,andshould beviewed solely inconjunction with, theoralbriefing provided bytheCompany andtheCompany’s publicly available information .Theinformation andopinions inthispresentation areprovided asatthedate hereof andsubject tochange without notice .Itisnottheintention toprovide, andyoumay notrelyonthese materials asproviding, acomplete orcomprehensive analysis oftheCompany’s financial ortrading position orprospects .
This Presentation does notconstitute investment, legal, accounting, regulatory, taxation orother advice anddoes nottake intoaccount your investment objectives orlegal, accounting, regulatory, taxation orfinancial situation orparticular needs .You aresolely responsible forforming your own opinions andconclusions onsuch matters andformaking your own independent assessment oftheCompany .You aresolely responsible forseeking independent professional advice inrelation tothe Company .Noresponsibility orliability isaccepted byanyperson foranyoftheinformation orforanyaction taken byyouoranyofyour officers, employees, agents orassociates onthebasis ofsuch information .
This Presentation contains financial information regarding thebusinesses andassets oftheCompany .Such financial information may nothave been audited, reviewed orverified byanyindependent accounting firm.Theinclusion ofsuch financial information inthisPresentation oranyrelated presentation should notberegarded asarepresentation orwarranty bytheCompany, itsaffiliates, advisors orrepresentatives oranyother person astotheaccuracy orcompleteness ofsuch information’s portrayal ofthefinancial condition orresults ofoperations bytheCompany andshould notberelied upon when making aninvestment decision .Certain financial andstatistical information inthisdocument hasbeen subject torounding offadjustments .Accordingly, thesum ofcertain data may notconform totheexpressed total.
Certain statements inthisPresentation areforward -looking .Bytheir nature, forward -looking statements involve anumber ofrisks, uncertainties andassumptions which could cause actual results orevents todiffer materially from those expressed or implied bytheforward -looking statements .These include, among other factors, changing economic, business orother market conditions, changing political conditions andtheprospects forgrowth anticipated bytheCompany’s management .These andother factors could adversely affect theoutcome andfinancial effects oftheplans andevents described herein .Forward -looking statements contained inthisPresentation andbased upon past trends oractivities should notbetaken asa representation thatsuch trends oractivities willcontinue inthefuture .TheCompany does notundertake anyobligation toupdate orrevise anyforward -looking statements, whether asaresult ofnew information, future events orotherwise .
The market andindustry data and forecasts included inthisPresentation were obtained from internal surveys, estimates, experts andstudies, where appropriate aswell asexternal market research, publicly available information andindustry publications .TheCompany, itaffiliates, directors, officers, advisors andemployees have notindependently verified theaccuracy ofanysuch market andindustry data andforecasts andmake norepresentations orwarranties inrelation thereto .Such data andforecasts areincluded herein forinformation purposes only.Accordingly, undue reliance should notbeplaced onanyoftheindustry ormarket data contained inthisPresentation .
NEITHER THIS DOCUMENT NOR ANY OFTHE INFORMATION CONTAINED HEREIN CONSTITUTES ANOFFER OFPURCHASE, SALE OREXCHANGE, NOR AREQUEST FOR ANOFFER OFPURCHASE, SALE OREXCHANGE OF SECURITIES, ORANY ADVICE ORRECOMMENDATION WITH RESPECT TOSUCH SECURITIES .
| 3 2026 First Half Results
Agenda
01
Financial
Performance02
03Strategic Plan &
Value Drivers
Future
Growth04Highlights
| 4 2026 First Half Results
1.Highlights
First Half 2026: Robust Financial Performance Underpinned by Strategic Execution Prime CBD Operations: Managing & Repositioning >Occupancy reaches +94% (+200 bp year to date) >ERV growth1at +5% (+300 bp above indexation) >Release spread2at +9% driven by Paris +26% (multi year high) Alpha X & Project Deliveries –Prime Factory >+9,000 sqm leased from project deliveries in one quarter3 >Madnum reaches 92% occupancy3, close to fully let >Haussmann reaches 54% let3, following recent leasing success Capital Recycling -Active Portfolio Management >Disposal program on track, with premium on appraisal values >Acquisition of a majority stake in a Super Prime Berlin CBD portfolio >€48m buyback program completed at very attractive terms1H 2026 Results: Stron g Financial Performance Execution Against CMD Strategic Pillars 1.Gross Rental Income growth +5% YoY ▪+4% Like for Like GRI growth (+286 bp spread on indexation) ▪Among the highest in European Real Estate 2.Recurring Earnings reached €111m, representing +4% growth YoY ▪Recurring EPS of €17.8 cts, up +4% YoY ▪Full Year 2026 Guidance on track 3.+€440m disposals confirmed | +87% of the original program completed ▪€383m sold confirming appraisal values ▪€59m reserved, with accelerated execution of residential disposals 4.Strong Capital Structure ▪Investment Grade ratings reaffirmed by Moody’s and S&P in Q2 2026 ▪Balance Sheet Gearing in line with Leverage Framework1 2 3 1) ERV Growth for Colonial commercial effort. Signed rents vs 12/25 ERV (new lettings & renewals) 2) Signed rents vs. previous contracts & re -let office spaces 3) Commercialization status signed or pre -let as of July 2026
| 5 2026 First Half Results
1.Highlights
Prime Portfolio Delivering Sector -Leading Performance Gross Asset Value €12.1bnNet Tangible Assets €6.0bn Gross Rental Income €207 m+5% YoY
Rental Growth1
+5% +8% in Madrid Loan T o Value3
36.7%
(Down 39 bp vs. 12/25)432
Liquidity
€2.5bn
3.7x 2026 & 2027 maturitiesRelease Spread2 +9% +26% in ParisEPRA EPS €17.8cts Guidance confirmedEPRA Earnings
€111m+4%1
Operational
Outperformance
Asset Value
Growth
Solid Capital
StructureAdvanced Disposal Program
+€440m secured
In line with appraisal values+3% LfL YoYNet Tangible Assets
9.82€/share Sustained
Cash Flow Growth
Occupancy
94% +203 bp year to date 1) ERV Growth for Colonial commercial effort. Signed rents vs 12/25 ERV (new lettings & renewals) 2) Signed rents vs. previous contracts &re-let office spaces 3) EPRA LTV stands at 46.3% +1% in 6 months
| 6 2026 First Half Results
Financial
Performance02
| 7 2026 First Half Results
19786
207 (3)
06/25 Prime CBD
Operations
LFLAlpha X
& Delivered
ProjectsDisposals &
Other non LfL06/262.Financial Performance Project Ramp -Up Unlocks Additional Gross Rental Income Growth Gross Rental Income Variance €m 1) Like-for-like calculated following EPRA BPR recommendationsGross Rental Income Total Increase YoYPrime CBD Operations Like for like1+4%Gross Rental Income Growth (%)
Alpha X
Delivered Projects+3%
+5%Disposals &
Other non like for like(2%)+5%
Madnum
Madrid City Centre1Prime CBD
OperationsAlpha X
Prime Factory+7%
| 8 2026 First Half Results
180323 188
LfL GRI
06/25Indexation Rental
Growth
PremiumOccupancy LfL GRI
06/262.Financial Performance
Superior Pricing Power Across Markets & Occupancy Gains Driving Solid Rental Income Growth €mGross Rental Income Like for Like1 +1.5% +1.0% +1.9%+4%
Like for
like
1) Like-for-like calculated following EPRA BPR recommendations
+6% GRI
Like-for-Like1
+11% GRI
Growth+10% GRI
Like-for-Like1
+13% GRI
GrowthBARCELONA MADRIDOutperformance Against Indexation and Peers
(3.8%)(1.1%)1.6%2.0%4.4%
Peer 4Peer 3Peer 2Peer 1Colonial1H 2026 LfLGRI well ahead of peersSpread of 286 bp on indexation
4.4%
1.5%
Like for like GRI Indexation286bp
| 9 2026 First Half Results
10776
(8) (1)111
Recurring
Profit
06/25Prime CBD
Operations
LFLAlpha X
& Delivered
ProjectsFinancial
CostDisposals &
OthersRecurring
Profit
06/262.Financial Performance
Strong Rental Growth Translates Into EPRA EPS Growth €mEPRA Earnings Variance +4%
1+12%
1) Includes SG&A, taxes, minorities of SFL & others 2) The 14.5m share cancellation was completed in late June 2026, with its full impact on the average share count to be reflected from 2H 2026Prime CBD
OperationsAlpha X
Prime FactoryEPRA EPS €cts.
2026 EPRA EPS Guidance
On Track
34 –35 €cts.Nosh 627 m
shares627 m
shares217.117.8
06/25 06/26+4%
YoY
| 10 2026 First Half Results
11,86012,082282108
(169)
GAV
06/2025Rental
growth &
project
deliveryRates &
otherNet
disposalsGAV
06/20262.Financial Performance
Gross Asset Values Grow in All Geographies Driven By Rental Growth & Project Deliveries €mGross Asset Values GAV Like For like Variance +3.4% like -for-like 1) In Spain consultants publish gross yields whereas in France consultants publish net yields. Office yields portfolio in operat ion 2) EPRA Topped -Up Net Initial Yield plus available spaces at market rents. Additional information on yields can be found in the ap pendix 3) Colonial office portfolio in Operation, Capital values as of 1H264.9%4.7%
BARCELONAMADRID
4.2% PARISValuation
Yield1
-1H 26 -
GROUP+4.3%+5.8%
+2.4%GAV LfL
Variance
YoY
+3.4%18,380
€/sqmColonial GAV
Appraisal
06/263
7,366
€/sqm
5,377
€/sqm4.9%4.4%
4.0%Net Initial
Yield
Full Reversion2
| 11 2026 First Half Results
2.Financial Performance
Disposal Execution Strengthens the Balance Sheet and Preserves Ample Liquidity Disposals Confirming Appraisal Values Leverage Levels In Line With Framework & Strong Credit Profile
€383m
executed
YTD
€0.5bn€59m
committed
YTD
37.1%36.7%
12/25 06/26LTV
1) LTV and EPRA LTV 12/25 Including sale commitments formalised as of the date on which the corresponding financial statements w ereauthorised for issue 2) Including current accounts and available credit facilities 3) Spot cost of Net DebtEPRA LTV Ample Liquidity and Contained Cost of Debt Investment grade ratings confirmed by Moody’s & S&P >During Q2 S&P Global & Moody’s reaffirmed Colonial SFL's BBB+ and Baa1 credit rating, respectively, both with a stable outlook >Strong credit profile reaffirmed by both credit rating agencies Liquidity2 Financial Cost32.2 2.5 12/25 06/26In €bn
1.91%1.99%
12/25 06/26Baa1
Stable OutlookBBB+
Stable Outlook
1 1>Execution achieved above appraisal values >Stong pipeline of committed transactions provides visibility on continued execution+€440m disposals secured
45.4%46.3%
12/25 06/26
| 12 2026 First Half Results 03Strategic Plan &
Value Drivers
| 13 2026 First Half Results 3.Strategic Plan & Value Drivers Strong Leasing Activity Delivering Rental Growth Across Markets Prime Assets Continue to Outperform in Rents
Madnum
Madrid City Center
+13%
ERV 12/25Rental price >29
€/sqm/mDiagonal 609
Barcelona CBD
+3% ERV 12/25Rental price +32
€/sqm/m
Champs -Élysées 92
Paris CBD
+22%
ERV 12/25Rental price
+9,000
€/sqm/yChamps -Élysées 90
Paris CBD
+10%
ERV 12/25Rental price
+1,150
€/sqm/ y
Retail€28m
Annualized
GRI60,985
sqm signed
Paris
€13mBarcelona
€8m
Madrid
€7mParis
13,990
sqmBarcelona
24,695
sqm
Madrid
22,301
sqmRobust Letting Performance Across All Markets Diversified Pool of Tenants with AI Driving Demand
60,985
sqm signed30%
AI & Tech 77%
Activity
in SpainPrime CBD
OperationsAlpha X
Prime Factory
TransformingActive
Portfolio
Management
““Companies that have adopted AIthe most arealso theones hiring themost Sam Altman |June 26
| 14 2026 First Half Results 3.Strategic Plan & Value Drivers Occupancy Momentum Builds, Backed by Strong Demand for Prime Office Space Strong Group EPRA occupancy
92.0%92.9%94.0%
Q4 25 Q1 26 Q2 26+203 bpsParis portfolio occupancy at 96% Madrid portfolio occupancy at 94%1 1) Includes residential portfolio in Spain
Prime CBD
OperationsAlpha X
Prime Factory
TransformingActive
Portfolio
Management
| 15 2026 First Half Results 3.Strategic Plan & Value Drivers Continued Pricing Power Confirmed by Increasing Release Spreads
BarcelonaParis
MadridRelease
Spread 1Indexation3ERV
Growth 2
+4% +8%
+2%Group
+26%
+1%
+3%+9% +5%
+0.1%
+2.9%
+2.9%+1.5%Strong pricing power across markets
Spread over
Indexation
389bp
508bp
(44bp)299bpRelease Spread1in Paris Marks Another Record
2%6%12%20%
16%26%
2021 2022 2023 2024 2025 1H 2026
1) Signed rents vs. previous contracts & re -let spaces 2) Signed rents vs 12/25 ERV (new lettings & renewals) 3) Annualized impact on contracts subject to indexationPrime CBD
OperationsAlpha X
Prime Factory
TransformingActive
Portfolio
Management
| 16 2026 First Half Results
Secured as
of 06/262028 2030
6,61112,152 5,541
Signed Pending Full Occupancy3.Strategic Plan & Value Drivers Project Leasing Progress Supports Visibility on CMD Rent Targets 1) Annualized Gross Rental Income Fully Occupied 2) Considering space let and pre -let in Alpha X pipeline and delivered projects 3) €47m invested in 1H 2026
€19m
GRI Full
Reversion1
Sqm 92% 99%
59,60554%
Sqm €11m
GRI Full
Reversion1
Conversations
ongoing Madnum nearing full occupancy Haussmann: Leasing Momentum Building
50,6864,2654,266 387
Signed Secured Under conversationsPending Full OccupancyVisibility on 2028 Project GRI Target
Projects
Alpha X
Delivered
ProjectsAnnualized Gross Rental Income €m
€121m3€100 -
120m~80~100
2026 2027 -28
Pending
Capex as of
06/2026€221 -
241mTotal30
2€17m
Secured€6m
SecuredPrime CBD
OperationsAlpha X
Prime Factory
TransformingActive
Portfolio
Management
€7m
GRI 1H26€2m
GRI 1H26
| 17 2026 First Half Results 3.Strategic Plan & Value Drivers Net Seller Position Through Continued Disposal and Investment Execution Net Capital Recycling €0.5bn Disposals
€0.2bn
€0.2bn€440m secured
YTD -87%Current Disposal Program On Track €0.2bn New Investments Fully Deployed €0.5bnCurrent Disposal Program Enhanced Disposal ProgramDISPOSALS –€0.7bn NEW INVESTMENTS -€0.2bnNet Disposals of €0.5bn EPS accretive return
arbitrage
>Divestments at yields around or below 4% >New Investments at ungeared IRRs > 8% and high reversionary yields >BuyBack execution at attractive terms1.Completion of €48m Buyback Program at Attractive Terms > 14.5m share cancellation executed 2.Acquisition of a Super Prime Portfolio in Berlin CBD
Investment
c.€150m
7,300
€/sqm
+5-6%
Reversionary
Yield+8-9%
Ungeared
IRRLindenCorso –Berlin Central
24,226 sqm
Atrium –Berlin Central
17,453 sqm
BERLIN CBDPrime CBD
OperationsAlpha X
Prime Factory
TransformingActive
Portfolio
Management
| 18 2026 First Half Results
Future
Growth04
| 19 2026 First Half Results
4.Future Growth
Executing Our Value Creation Strategy to Deliver the Next Phase of Growth Revenue Growth of +4% like for like, 300 bp above indexation >Strong occupancy ramp up of 200 bp in 6 months up to 94% >Strong rental growth in lettings of +5% in 6 months >Release spread at +9% with record performance in Paris (+ 26%) >Colonial SFL’s Prime Asset Base leading on revenue growth in Europe Delivered Projects contributing with new revenues (+3% YoY Group Revenue) >Madnum (92% secured) and Haussmann (54% let) securing €23m of annualized rents >Scope with first pre -let secured and increasing market interest >More than €30m of additional revenues secured YTD covering c.40% of 2028 target >Coming quarters will crystalize significant amounts of secured rents Capital Recycling Delivery well on track with disposal program accelerating >Initial disposal program almost completed: €440m disposals YTD 87% of target >Enhanced disposal program pipeline identified and progressing >Buyback program fully executed at very attractive terms >Berlin Super Prime acquisition with an ungeared IRR of +8% & strong rental reversionAlpha X –Prime Factory TransformingPrime CBD Operations Managing & Repositioning
Capital Recycling
Active Portfolio Management 1 2
32026 EPRA EPS
Guidance Confirmed
34-35 €cts./share
2028 EPRA EPS
Guidance on Track
39-41 €cts./share
| 20 2026 First Half Results
4.Future Growth
Acquisition of a Portfolio of Prime Assets in the Central Business District of Berlin >Capital -light entry into Berlin Prime CBD through astrategic
partnership withGenerali
>High-quality income profile from urban mixed -usePrime assets on theback oftop-tiertenants andoccupancy above 90% >Ungeared IRRinexcess of8%driven bycapture ofreversionary potential, reaching 5-6%running yield >Additional repositioning optionality inthemid-term toincrease IRRtolevels around 9-10%c.€300m
Portfolio GAVc.€150m
Colonial
InvestmentEntry intoajoint venture withGenerali foraCBD Prime Portfolio Expected IRRwellabove defined hurdle rates1
+8 –9%
Ungeared IRR4.8%
Gross Initial Yield25 –6%
Reversionary Yield
1) Range of 7.5 –9% for 7y Unlevered IRR Berlin target defined in 2026 Colonial SFL Capital Markets Day 2) Gross Rental Income P&L Yield. Net Initial P&L Yield of 4.4%
Brandenburger Tor
Unter Den Linden, 21,
10117, Berlin
Tiergarten
FriedrichStraßeLindenCorso –Berlin Central
24,226 sqm
Atrium –Berlin Central
17,453 sqm78%
Office16%
Retail
6%
Living41,680
sqmPrime CBD
OperationsAlpha X
Prime Factory
TransformingActive
Portfolio
Management
7,300
€/sqm
| 21 2026 First Half Results
4.Future Growth
Acquisition of a Portfolio of Prime Assets in the Central Business District of Berlin B
ABrandenburger Tor
Unter den LindenFriedrichStraßeTiergartenCentral BerlinLindenCorso –Berlin Central
24,226 sqm
Atrium –Berlin Central 17,453 sqmBAPrime CBD
OperationsAlpha X
Prime Factory
TransformingActive
Portfolio
Management
| 22 2026 First Half Results
4.Future Growth
Strategy & Outlook On track guidance for strong ongoing growth ▪Short term EPRA EPS 2026 of €34 –35 cts ▪Mid term EPRA EPS 2028 of €39 –41 ctsStrong Execution and Enhanced Growth Visibility 1.Recurring EPS +4% YoY , leading the European real estate sector 2.Revenue growth of +5% YoY ▪Gross rental income LfLgrowth of +4%, +286 bp above indexation ▪Letting activity with solid rental price increases of +5% in the last six months ▪Occupancy up +200 bp YTD, increasing rental visibility ▪Robust execution on delivered projects generating additional revenues 3.Solid portfolio value growth across all geographies, supported by prime asset class 4.Disposal program well ahead of schedule, reflecting strong financial discipline , with €440m secured YTD 5.Berlin Ultra Prime acquisition withattractive ungeared IRR and strong reversion 6.Leverage Levels In Line With Framework & Strong Credit Profile
© 2026 Colonial SFLwww.colonial -sfl.com
THANK
YOU
| 24 2026 First Half Results
17.1 17.8
06/25 06/26107111
06/25 06/26162174
06/25 06/26197207
06/25 06/26Appendices
PROFIT & LOSS ACCOUNT
RECURRING EARNINGS EPS RECURRING
€cts/share €m€mRECURRING EBITDA €m +5%
YoY+4%
Like-
for-like
+4%
YoY+7%
YoY +4%
YoYGROSS RENTAL INCOME
Results analysis - €m 1H 2026 1H 2025 Gross Rents 207 197 Net operting expenses & Overheads (33) (34) Recurring EBITDA 174 162 Recurring financial result (45) (37) Income tax expense & others - recurring (1) 0 Minority interests - recurring (17) (19) Recurring Earnings 111 107 Change in fair value of assets & provision 120 118 Non-recurring financial result & MTM (3) (3) Income tax & others - non-recurring (3) 24 Minority interests - non-recurring 5 2 Profit attributable to the Group 230 249 Recurring earnings - €m 111 107 Nosh (mm) 627 627 EPS recurring - Cts€/share 17.8 17.1First Half 2026: Robust Financial Performance Underpinned by Strategic Execution
| 25 2026 First Half Results
Appendices
12,203
12,08216565
(351)
GAV
12/2025Rental
growth &
project
deliveryRates &
otherNet
disposalsGAV
06/2026€mGross Asset Values GAV Like For like Variance
4.9%4.7%
BARCELONAMADRID
4.2% PARISValuation
Yield1
-1H 26 - +1.9% like -for-like
GROUP+2.8%+4.1%
+1.1%1H 2026
+1.9%
1) In Spain consultants publish gross yields whereas in France consultants publish net yields. Office yields portfolio in operat ion.+118bpYield
Expansion
Since
06/2022
+59bp
+70bpGross Asset Values Grow in All Geographies Driven By Rental Growth & Project Deliveries
| 26 2026 First Half Results
Appendices
Stable Full -Reversion Yields Highlight Significant Embedded Income Upside
3.9%4.2%
3.9%EPRA
Topped -Up
Net Initial Yield1
5.0%4.5%
4.0%Net Initial
Yield
Full Reversion2
3.6%4.1%
3.7%EPRA
Net Initial
Yield12/25
3.7%4.1%
3.5%EPRA
Topped -Up
Net Initial Yield1
4.9%4.4%
4.0%Net Initial
Yield
Full Reversion2
3.4%3.8%
3.1%EPRA
Net Initial
Yield06/26
BARCELONAMADRID
PARIS
GROUPBARCELONAMADRID
PARIS
GROUP 3.9% 4.3% 3.8% 3.7% 4.2% 3.3%
1) Annualized Net Rents Topped Up over Gross Portfolio Value excluding projects 2) EPRA Topped -Up Net Initial Yield plus available spaces at market rentsVariance 06/26 vs. 12/25
(4bp)(8bp)
(1bp)
(3bp)Var. Net Initial
Yield
Full Reversion2
| 27 2026 First Half Results NTA
12/25NTA Growth DPS NTA
06/26Appendices
Net Tangible Assets 1H 2026
DPS Yield1
Value
Growth2NTA + DPSNTA
Based
+3.3%
+1.2%
+4.5%DPS
NTA
Total Return
in 6 MonthsNTA per share in €
Share
Price9.700.12Share Price
Based
+5.9%
+3.7%
+9.6%5.470.32 10.14
0.32
9.82
5.67Net Tangible Asset 1H 2026 Total Shareholder Return per Share 1) DPS yield calculated based on the €0.32 dividend paid, relative to NTA and share price as of 31 December 2025, respectively.
2) Value growth calculated based on the change in NTA and share price from 31 December 2025 to 30 June 2026, respectively.
| 28 2026 First Half Results
Appendices
-AI Impact Narrative Shift -
Leading voices increasingly position AI as a productivity and growth enabler-Market Evidence of AI Demand -
+1m sq ft expected to be leased by AI companies in London in 2026-Colonial Capturing AI Demand -
Strong Tech & AI -related demand for the best assets 3m rolling leasing in London by AI firms (sq ft)
60,985
sqm signed
in 1H 2026
c.4,000
sqm signedAI Demand Increasingly Translating Into Prime Urban Office Leasing 30% AI & Tech Source: CoStar““Companies that have adopted AIthe most arealso theones hiring themost Sam Altman |June 26 Intheory there should bemore jobs in
thefuture, notless
Mark Zuckerberg |May 26 BigTech Has Suddenly Flipped onthe AIJobs Wipeout Scenario TheWall Street Journal |July26 Sources: Wall Street Journal, Business Insider
| 29 2026 First Half Results
Appendices
Berlin Super Prime Portfolio Atrium –Berlin CBD (17.453 sqm)
Brandenburger Tor
FriedrichStraße, 60,
10117, Berlin
Offices: 13.616 sqm Retail: 3.066 sqm Resi: 771 sqm
| 30 2026 First Half Results
Appendices
Berlin Super Prime Portfolio Lindencorso –Berlin CBD (24.226 sqm)
Brandenburger Tor
Unter Den Linden, 21,
10117, Berlin
Tiergarten
FriedrichStraßeOffices: 19.042 sqm Retail: 3.428 sqm Resi: 1.756 sqm
| 31 2026 First Half Results
Appendices
Maturities covered
by current liquidityMaturity profile of debt facilities -€mEXTENSION OF DEBT MATURITIES A SOLID FINANCIAL STRUCTURE
NetDebt
LTV
Total Facilities
Cash
Liquidity
Debt Maturity Group3
Non-Mortgage debt
Cost ofDebt Group430/06/2026
€4,708m
36.7%
€2,085m
€389m
€2,474m
4.3 years
100%
1.99%31/12/2025
€4,973m
37.1%2
€2,085m
€150m
€2,235 m
4.3 years
100%
1.91%
1) Maturity assuming the 1+1 extension options 2) LTV 12/25 Including sale commitments formalised as of the date on which the corresponding financial statements were authorise d for issue 3) Average maturity calculated based on net debt and total facilities 4) Includes interest hedging instruments and excludes commission accruals500 1,125
500 1,300
50 599 599 24 400 (1)835 1,000
250 (1)
2026 2027 2028 2029 2030 2031 >2031 Green Bonds Green Loans Undrawndown balancesUndrawn balancesDisposal Execution Strengthens the Balance Sheet and Preserves Ample Liquidity
| 32 2026 First Half Results
Appendices
Latest & Ongoing Market Transactions
PARIS
Mixed
useAsset Area Price GLA Cap. Value €850 –1,000mCapital 845,000 sqm€19,000 – 22,000/sqmCBDTransaction not completed €370 –400m22 Champs -Élysées (Le Bamberger) 15,000 sqm€25,000 – 27,000/sqm Transaction not completedCBD Source: public information, press and consultants1) The acquisition price corresponds to the acquisition and modernization of the property according to public sources 31 Rue Bergère (Apr 26)CBD €35m12,100 sqm €16,600/ sqm 39 Rue du Colisée (Apr 26)CBD €137m 6,193 sqm €22,000/ sqm CBD €130m 9,800 sqm c.€13,000/ sqm 43 Rue Beaubourg (Jun 26)City Center (3rdArr) €46m 4,600 sqm €10,000/ sqmValue add 48–50 Rue de la Victoire (Jun 26)34 Rue du Louvre (Apr 26)CBD +€100m 8,200 sqm n.a.
| 33 2026 First Half Results
Appendices
Latest & Ongoing Market Transactions MADRIDAsset Area Price GLA Cap. Value €100mAv. Diagonal 18920,000 sqm €5,000/sqm 22@(Jun 26) Source: public information, press and consultants1) The acquisition price corresponds to the acquisition and modernization of the property according to public sources BARCELONAn.d.C/ Bilbao 128 (Two Parc Central)24,210 sqm n.d. 22@(May 26)n.d.C/ Alcalá 409,315 sqm n.d. CBD(May 26)Office to
Resi
c.€100mPuerto de Somport 2120,000 sqm c.€5,000/sqm A1(Jun 26) €385mEdificio Estel52,000 sqm €7,400/sqm City Center(Jan 26) €90 - 100mPaseo de la Castellana 18,860 sqm c.€10,000/sqm CBDTransaction not completed €91mLos Cubos19,600 sqm €4,600/sqm M30(May 26)
© 2026 Colonial SFLwww.colonial -sfl.com