Interim Report for the period January 1 – September 30, 2025

Core Viewpoint - The interim report for the period from January 1 to September 30, 2025, indicates a profit before value adjustments and tax of T.EUR 480.0, which aligns with management expectations [3]. Financial Performance - The property value of German properties decreased to EUR 84.5 million as of September 30, 2025, down from EUR 91.1 million as of December 31, 2024 [3]. - The Group's investment properties experienced a gross decrease in value of EUR -7.1 million and a net decrease of EUR -6.6 million after accounting for building improvements of EUR 0.5 million [3]. - As of September 30, 2025, equity stood at EUR 57.5 million, resulting in an equity ratio of 63.5%, a decline from EUR 63.1 million and an equity ratio of 64.6% as of December 31, 2024 [3]. - The decrease in equity of EUR -5.6 million is primarily attributed to property value adjustments [3]. Liquidity and Future Outlook - The company maintains reassuring liquid reserves of T.EUR 3,532 as of the end of September 2025 [3]. - A positive result before value adjustments and taxes is anticipated to fall within the range of EUR 0.3 – 0.7 million for the year 2025 [3].