Half-yearly financial report 30 June 2025

Core Insights - The company reported strong half-year results with a confirmation of the expected net result per share despite an increase in the number of shares due to the optional dividend [1] Financial Performance - Net rental income increased by 15.2% to €36.7 million compared to €31.8 million at 30 June 2024 [1] - The net result from core activities per share rose by 16.2% to €2.72 at 30 June 2025, up from €2.34 at 30 June 2024 [1] - The fair value of the investment property portfolio increased by 11.3% compared to 31 December 2024 [1] Asset Valuation - There was a decrease in net asset value per share to €78.79, reflecting a decline of 3.9% from €82.02 in 2024 [1] - The EPRA occupancy rate slightly decreased by 0.4% to 96.6% for the entire portfolio, down from 97.0% at 31 December 2024, attributed to a significantly higher number of pop-up contracts by year-end [1] Debt and Outlook - The company maintained a healthy debt ratio of 34.5% at 30 June 2025, compared to 28.4% at 31 December 2024 [1] - The outlook for net result from core activities is maintained between €5.35 and €5.45 per share [1]