Peach Property Group (PEAN) Status Update summary

Board, Leadership, and Governance

• Alexander Hesser joined the board, replacing Eric Asimakopoulos, maintaining board stability.

• CEO Gerald Klinck, with over 25 years in real estate, also serves as CFO since April 2024.

• Stefanie Koch joined as COO in March 2025, bringing significant industry experience.

• Board includes experienced members from major real estate and investment firms.

Portfolio and Operational Performance

• Owns 22,000 residential units across 9 German states, focusing on affordable housing in B-cities.

• Strategic portfolio vacancy reduced to 5.2% post-transaction; non-strategic vacancy at 10.6%.

• Ongoing operational initiatives target further vacancy reduction, rent increases, and process efficiency, with digitalization recognized by an IT award.

• 65% of non-strategic portfolio is in the marketing process, with a 17% reduction in non-strategic units in 2024.

• Asset sales in Minden and Dortmund managed by external brokers; Gelsenkirchen-Recklinghausen handled internally.

Financing and Refinancing Progress

• Secured a new EUR 120 million facility, with EUR 30 million for debt repayment and EUR 85 million for bond maturity in November.

• EUR 182 million debt repaid in Q1 2025; EUR 18 million loan extended for seven years; further refinancing in progress.

• 35% of 2025/2026 maturities refinanced; term sheets signed for remaining 65%, with solutions expected in Q3.

• Weighted average cost of debt at 2.93% as of end 2024.

• Convertible bond of EUR 50 million maturing after Q1 2026 to be repaid primarily with equity raise proceeds.