Mr. Eddie Yu reports

REGENT PACIFIC PROPERTIES INC. ANNOUNCES ITS FINANCIAL RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2026

Regent Pacific Properties Inc. has released its financial results for the three months ended March 31, 2026, and the related management's discussion and analysis.

The company recorded net rental income of $404,488 for the three months ended March 31, 2026, compared with $438,480 in the same period in 2025. Net income and comprehensive income for the three months ended March 31, 2026, totalled $108,150, compared with $215,653 in the same period in 2025.

The changes are primarily due to:

• Changes in leased space by a tenant;
• Higher direct operating and general and administrative expenses;
• Increased finance costs following the renewal of the commercial mortgage;
• Fair value adjustments on the commercial investment property;
• The sale of a unit within the company's commercial investment property (Cassel Centre), as previously announced on April 9, 2026, for gross proceeds of $3.35-million to an arm's-length purchaser, of which $2.5-million of the net proceeds has been applied to repayment of a portion of mortgage on Cassel Centre in April, 2026.

The company's financial results for the three months ended March 31, 2026, and the related management's discussion and analysis, have been filed and are available on SEDAR+.