Vastned: Half-year report for the first semester of 2025

✔ Fair value of real estate portfolio increases by € 16.1 million on a like-for-like basis (+ 1.3% compared to 31 December 2024 - pro forma). 
✔ EPRA Earnings of € 1.05 per share for the first semester of 2025. 
✔ The occupancy rate remains at a stable and high level of 98.6%.

...with sufficient financial strength...

✔ The debt ratio (EPRA LTV) is 40.6%, compared to 42.5% per 31 December 2024 (pro forma). Vastned aims to achieve the targeted EPRA LTV of 40% by the end of this year.
✔ Vastned concluded in July 2025 a € 50.0 million credit facility to refinance a credit line which matures in September 2025. In addition, an existing credit line was increased by € 20.0 million. 

...and raises the expected EPRA Earnings with a clear dividend outlook.

✔ Due to strict cost control, the completion of a number of redevelopment projects and the leasing of a number of retail properties that had been vacant for some time, Vastned can raise its forecast for the EPRA earnings per share from € 1.95 - € 2.05 to € 2.00 - € 2.10.
✔ The board of directors of Vastned confirms a dividend outlook of € 1.70 gross per share for the year 2025.

Full press release:

Attachment

• Half-year report for the first semester of 2025