Trading update 31 March 2025

STRONG GROWTH IN THE OPERATIONAL RESULTS OF WERELDHAVE BELGIUM DRIVEN BY THE EXTERNAL GROWTH OF THE INVESTMENT PROPERTY PORTFOLIO• Increase in net rental income by 11.4% to € 17.8M (€ 16.0M at 31 March 2024); • Increase of the net result from core activities per share of 16.5% to € 1.36 at 31 March 2025 (€ 1.17 at 31 March 2024); • Increase of the fair value of the investment property portfolio (+10.6% compared to 31 December 2024); • Increase in net asset value per share...

STRONG GROWTH IN THE OPERATIONAL RESULTS OF WERELDHAVE BELGIUM DRIVEN BY THE EXTERNAL GROWTH OF THE INVESTMENT PROPERTY PORTFOLIO

• Increase in net rental income by 11.4% to € 17.8M (€ 16.0M at 31 March 2024);
• Increase of the net result from core activities per share of 16.5% to € 1.36 at 31 March 2025 (€ 1.17 at 31 March 2024);
• Increase of the fair value of the investment property portfolio (+10.6% compared to 31 December 2024);
• Increase in net asset value per share of € 83.62 (+2.0% vs. 2024: € 82.02);
• Slight decrease in EPRA occupancy rate of 0.2% to 96.8% for the entire portfolio (97.0% at 31 December 2024) due to a significantly higher number of pop-up        contracts by year-end;
• Healthy debt ratio of 33.7% at 31 March 2025 (28.4% at 31 December 2024);
• Outlook of net result from core activities maintained between € 5.35 - € 5.45 per share.

Attachment

• Trading update 31 March 2025