Trading update 30 September 2025

Core Insights - The company reported a strong third quarter, driving results towards the upper end of the announced profit outlook [1] Financial Performance - Net rental income increased by 16.3% to €55.8 million compared to €48.0 million at 30 September 2024 [1] - The net result from core activities per share rose by 16.4% to €4.11 at 30 September 2025, up from €3.53 at 30 September 2024 [1] - The fair value of the investment property portfolio increased by 10.4% compared to 31 December 2024 [1] Shareholder Metrics - Net asset value per share decreased to €79.26, reflecting a dilution due to the stock dividend, a decline of 3.4% from €82.02 in 2024 [1] - The EPRA occupancy rate slightly decreased by 0.6% to 96.4% for the entire portfolio, down from 97.0% at 31 December 2024 [1] Debt and Outlook - The company maintained a healthy debt ratio of 34.3% at 30 September 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]