Peach Property Group (PEAN) Corporate Presentation summary

Executive leadership and governance

• CEO Gerald Klinck, appointed April 2024, also serves as CFO, bringing over 25 years of real estate experience.

• Board chaired by Michael Zahn, with members possessing 15–25+ years in real estate and finance.

• Management emphasizes transparency, governance, and communication as 2024 priorities.

Portfolio overview and strategy

• Owns 27,000 residential units across 8 German states, with 15 Peach Points for tenant engagement.

• Portfolio value at €2,408m, with €120.9m annual rental income and 7.4% vacancy as of Dec 2023.

• Strategic portfolio (79%) focuses on larger, core assets; non-strategic (21%) targeted for monetization.

• Residential properties account for 93.5% of rental income, concentrated in North Rhine-Westphalia.

Market fundamentals

• German housing market faces persistent undersupply, supporting rent growth.

• Rents in key Peach cities rose 3.6–5.6% year-over-year in Q1 2024.

• Inflation and construction cost growth are moderating, while property prices stabilize.