Vastned Annual results 2024

Vastned has prepared itself for the future in transition year 2024

• 2024 was a transition year for Vastned with the announcement and preparation of the reverse cross-border legal merger of Vastned Retail N.V. with and in Vastned Belgium NV. The Merger was completed on 1 January 2025 at 00:00 CET. At that time, the name was also changed from ‘Vastned Belgium’ to ‘Vastned’ and the company became the parent company of the Vastned group.

• Vastned maintains a high occupancy rate of 99.0% for the Belgian real estate portfolio and 98.7% across the Vastned group.

• Vastned assured its financing:
     – Refinancing of the existing credit lines worth € 125.0 million in January 2024 for the Belgian real estate portfolio; and
     – € 345.0 million in December 2024 for the entire Vastned group with respect to the Merger.

• Acquisition of retail properties in Louvain and Namur in order to strengthen the Belgian real estate portfolio.

• On 22 November 2024, Vastned paid an interim dividend of € 2.30 per share, which will be considered as a final dividend. The same applies to the interim dividend of € 1.70 paid by Vastned Retail on 6 December 2024.

2025: the year of confirmation

• For Vastned, 2025 will be a year of full integration of the organisation, adjustment of the group structure and confirmation of the defined objectives of the merger.

• For 2025, Vastned expects an all-in financing cost of approximately 3.2% and then stabilizes at approximately 3.9% from 2026.

• Vastned expects an EPRA earnings per share between € 1.95 and € 2.05 for 2025.

Full press release:

Attachment

• Vastned Annual results 2024