Pei Reports Revenue of More Than COP 631 Billion in the First Nine Months of 2026 and Advances Portfolio Expansion and Diversification

Bogotá, November 2026. Pei, Colombia’s leading real estate investment vehicle, closed the third quarter of 2026 with cumulative operating revenue of COP 631.178 billion and made progress in its investment strategy and portfolio optimization. During the period, the Extraordinary Investors’ Meeting approved the conditions required to proceed with the acquisition of Terranum’s real estate portfolio, a transaction that would expand the vehicle’s scale and diversification.

Investment Cycle and Portfolio Diversification
During the third quarter of 2026, Pei advanced the acquisition process for Terranum’s real estate portfolio following the approval, by the Extraordinary Investors’ Meeting held on September 22, of the conditions required to proceed with the transaction. The decision received the favorable vote of 92% of the securities represented at the meeting, allowing the parties to move forward with the proposed transaction structure.

The acquisition includes the addition of five high-specification corporate and logistics assets, representing an increase of approximately 29% in assets under management and 35% in leasable area, with the potential to generate annual NOI of more than COP 200 billion. This transaction would expand the vehicle’s scale and strengthen portfolio diversification through income-generating assets with recurring revenue streams and growth opportunities.

As part of the next steps, the approval process for the Thirteenth Issuance of Participating Securities (Emisión XIII Tramo de Títulos Participativos) is currently under review by the Colombian Financial Superintendency (Superintendencia Financiera de Colombia). This approval is required to move forward with the closing of the acquisition, subject to fulfillment of the conditions established in the agreement and the applicable regulatory procedures.

Following the vehicle’s performance, Pei announced a third-quarter Distributable Cash Flow (DCF) payment of COP 65.040 billion, equivalent to COP 1,302 per Participating Security, corresponding to the July–September 2026 period. The payment is scheduled for November 17.

Financial Results
Cumulative operating revenue for the first nine months of the year reached COP 631.178 billion, representing 4.3% growth compared to the same period in 2025. This performance reflects the portfolio’s ability to maintain consistent operating results, supported by asset management, the performance of lease agreements, and ongoing engagement with tenants.

Net Operating Income (NOI) reached COP 534.788 billion, up 5.4% compared to the same period of the previous year. The NOI margin stood at 84.7%, an improvement of 87 basis points, reflecting operational efficiency and effective management of the vehicle’s costs and expenses. Meanwhile, EBITDA reached COP 444.588 billion, with a margin of 70.4%.

Operating Performance
During the first nine months of the year, Pei maintained positive leasing momentum, with 15,206 sq. m. of space leased and a lease renewal rate of 96.2%. Real estate indicators also showed favorable performance, with physical vacancy at 6.32% and economic vacancy at 6.96%. In the corporate segment, leasing activity at assets such as WBP, Fijar 93, Atrio, and Edificio Calle 26 stood out, contributing to a reduction in the segment’s physical vacancy rate to 10.07%.

Capital Markets
During the third quarter, Pei’s Participating Security appreciated by 0.9% compared to the end of the previous quarter, reaching a price of COP 66,600 at the end of September. Year to date, the average daily trading volume (ADTV) stood at COP 1.706 billion.

The investor base reached a record 12,392 participants, representing 49.5% growth compared to the same period of the previous year. This development reflects increased market participation in the vehicle and expands the investor base supporting its growth.

In line with its strategy to strengthen trading conditions for its Participating Securities, Pei appointed LarrainVial as its second liquidity provider, effective October, operating alongside Alianza Valores. This initiative aims to enhance the depth and trading activity of the securities in the secondary market and broaden their reach among domestic and international investors. The Chilean firm, which has a regional presence, will contribute its expertise and relationships with international investment communities.

Pei’s performance during the first nine months of 2026 reflects a strategy focused on strengthening operations, optimizing portfolio structure, and pursuing new investment opportunities. The approval of the acquisition of Terranum’s portfolio represents a significant step forward in this process, expanding the vehicle’s scale and diversification, while its financial, operating, and capital markets results underscore Pei’s ability to continue developing its real estate investment platform.

About Pei (PEI CB Equity)
Pei is a real estate investment vehicle structured and managed by Pei Asset Management for more than 19 years. A pioneer in Colombia’s capital markets, it has more than 12,300 investors. Pei has built a portfolio of high-specification income-generating assets comprising more than 1.15 million sq. m. of leasable area, with a diversified tenant base of approximately 1,500 tenants and a presence in more than 30 cities and municipalities across the country. The portfolio is valued at more than COP 10.1 trillion and comprises four asset categories: corporate, retail, logistics, and specialized properties