RREEF Property Trust (RREEF) investor relations material

Executive summary

• Owns 8 diversified U.S. commercial properties and a portfolio of REIT equity securities as of June 30, 2026.

• NAV per share for all classes ranged from $13.08 to $13.30 at quarter-end.

• Sold Elston Plaza for $27,000 in March 2026, realizing a $231 gain; sold Terra Nova Plaza in August 2026 for $30,400.

• Ongoing capital raising through public and private offerings, with a new $1.95 billion offering filed in July 2026.

Financial highlights

• Total revenues for Q2 2026 were $8.56 million, down from $10.42 million in Q2 2025; six-month revenues were $17.30 million, down from $20.52 million year-over-year.

• Net loss for Q2 2026 was $0.48 million, compared to $0.26 million in Q2 2025; six-month net loss was $0.91 million, improved from $1.06 million loss year-over-year.

• FFO for Q2 2026 was $2.18 million (vs. $2.71 million in Q2 2025); AFFO was $2.19 million (vs. $2.50 million in Q2 2025).

• Distributions declared for the six months ended June 30, 2026 totaled $6.54 million, with 50.8% covered by operating cash flow and 49.2% by borrowings.

Outlook and guidance

• Management expects to continue raising capital, increasing borrowings, and investing in targeted real estate segments.

• U.S. commercial real estate fundamentals are stable, with positive returns and low new supply; outlook remains cautiously optimistic but subject to interest rate and geopolitical risks.