Interim statement by the supervisory board on the third quarter of 2021

Realization of important milestones in strategic growth plan #connect2022 through focus on active rental policy and sustainable value creation via in-house (re)developments, resulting in a solid foundation for the future.

Solid financial results

• EPRA earnings per share of € 1,30 for 9M 2021, +10% compared to 9M 2020
• Increase of previously communicated expected EPRA earnings per share for 2021 from € 1,65 - € 1,68
  to € 1,70 - € 1,72
• Confirmation of target gross dividend of € 1,53 for 2021, at the same level as in 2020

Focus on active rental policy results in strong key figures

• Occupancy rate of total real estate portfolio: + 1% to 94%
• Organic growth of rental income: 5%
• Major rental transactions in logistics portfolio in Genk, Herentals, Herstal, Oevel and Eindhoven
• Investments as foundation for future value creation
• Focus on future development potential and futureproof modernization of the existing portfolio
• Increase in fair value of investment properties with € 97 million or 9,5%

Solid basis for the future

• Two real estate segments, diversified tenants, strong balance sheet and sufficient investment capacity due to € 120 million unused credit lines
• Realization of 25% growth in real estate portfolio since 2019
• Future potential increase in value over a period Q4 2021 – 2025 between € 238 – € 281 million through (re)development projects

The presentation of the interim statement can be found here.