A Track Record of Strong and Stable Returns

Profit after tax of $46.9m, up $18.2m on the prior interim period

Funds From Operations (FFO) up 32.2% to 6.40 cents per share (cps), Adjusted Funds From Operations (AFFO) up 23.9% to 5.39 cps

Interim cash dividends of 4.40 cps

Valuation growth continues across PFI’s $2.25bn portfolio, 19 properties revalued at the half-year, fair value gains on those properties of $17.1m or 3.2%, net tangible assets (NTA) up 1.7% to $2.88 per share

$46.2m of contract rent reviewed during H1 FY26 delivering an average annualised uplift of 7.3%, $3.1m of contract rent leased during H1 FY26 at an average of 14.9% above previous contract rents, occupancy stable at 99.9%

Stage 2 of 78 Springs Road continues to track under-budget and ahead of programme, demolition complete at 92-98 Harris Road with redevelopment to be tenant-led, Stage 1 of Spedding Road to commence on a speculative basis, PFI retains optionality to deploy up to ~$325m on Green Star certified projects over the medium-term

$100m tranche of syndicated bank facility reclassified as ‘Green’ debt, $100m PFI020 bonds repaid, ~$154m of facility headroom, December 2025 gearing of 34.2% lifting to ~36.3% after all committed acquisitions, divestments and development projects, considering potential retail bond offer

Reflecting a strong H1 FY26 performance and positive trading conditions, PFI expects to declare FY26 cash dividends of at least 9.05 cps, an increase of at least 5.2% on FY25 dividends