Bogotá, March 2026. Pei held its 2026 Annual General Meeting for Investors, during which it presented the results of 2025 and progress on its portfolio optimization strategy, financial discipline, and value creation initiatives for investors.
In a challenging macroeconomic environment, Pei maintained a management focus on operational efficiency and cash flow generation. During the period of 2025, the company recorded income from COP 821.856 million (+6,4%), with solid margins reflected in a NOI with the identifier 686.598 million and an EBITDA of COP 578.551 millionAt the operational level, contracts for 184.692 m² (87,8%) were renewed and 67.043 m² were leased, demonstrating the resilience and demand for assets in the portfolio.
The portfolio rotation and optimization It was one of the main management priorities. In this context, Pei divested from Davivienda El Retiro and advanced on strategic transactions such as the partial sale of Plaza Central, while increasing its stake in assets such as the Hotel Sofitel Barú Cartagena (Calablanca) and the logistics complex in Zona Franca La Cayena.
In terms of finance, net debt ended at COP 2,88 billoneswith an LTV of 28,3%while financial spending decreased by more than COP 70.984 millones…strengthening cash flow generation. As a result, during 2025, Pei distributed a distributable cash flow (FCD) by COP 5.040, titledThis represents a 59% increase compared to the previous year, driven by asset divestment and financial restructuring.
In the financial markets, the vehicle continued to consolidate its relevance, with the twelfth edition of equity securities by Pei, a transcribed version of COP 482.861 millonesa television channel COP 1.997 millones and an appreciation of the title of 14,26%The investor base grew. 43,7%with the addition of 2.702 nuevos participantes.
In 2026, Pei will continue to refine her strategy of active asset management and portfolio optimizationwith a focus on consolidating investments and making strategic divestments. Similarly, it will continue to develop assets such as the Torre Calle 90 in Bogotá and expand the logistics complex of Grupo Hada.
In sustainability, the vehicle will continue to implement its decarbonization plan, with the goal of reducing in 13.7% energy consumption from conventional sourceswhile also strengthening the experience of its tenants through the MExA (Tenant Experience Model) framework.
Additionally, Pei will continue to promote the diversification of its investor base through international initiatives and the strengthening of liquidity in the secondary market.
«In a cyclical economic environment, Pei has prioritized the optimization of capital structure and cash generation as central pillars of its strategy. The improvement in financial indicators and the growth in dividend distribution demonstrate the effectiveness of disciplined portfolio management and position us to capitalize on opportunities in the coming years,» said Jairo Corrales, President of Pei Asset Management.
With these results, Pei reaffirms its position as one of the leading real estate investment options in Colombia, with a strategy focused on creating value, sustainability, and investor confidence.
About Pei (PEI CB Equity)
Pei is a structured and managed real estate investment alternative offered by Pei Asset Management for over 19 years, pioneering in the Colombian capital markets with more than 10,000 investors. It has consolidated a portfolio of income-generating assets with high specifications, covering more than 1.14 million square meters of leasable area, with a diversified base of approximately 1,500 tenants and presence in 32 cities and municipalities throughout the country. The portfolio is valued at over 10 trillion pesos and includes four asset categories: corporate, commercial, logistics, and specialized.