Intervest Offices & Warehouses NV: Half-yearly financial report 2021

#TeamIntervest achieves important milestones in strategic growth plan #connect2022

• EPRA earnings per share of € 0,83: +9% or € 0,07 compared to 2020 HY

• Expected EPRA earnings per share between € 1,65 - € 1,68

  • Increase of the previously communicated expected EPRA earnings € 1,62 - € 1,65

  • 3% - 5% higher than in 2020 (€ 1,60)

• Confirmation of the target gross dividend of € 1,53 for 2021 – at the same level as in 2020

• Active rental policy

  • logistics portfolio: 100% occupancy

  • total real estate portfolio: +1% to 94%

  • organic growth in rental income: 5%

  • important rental transactions in Genk Green Logistics with Eddie Stobart Logistics Europe and with P&O Ferrymasters and in Herentals Green Logistics with Schrauwen Sanitair en Verwarming

• Own dedicated team in the Netherlands

  • a sale-and-lease-back agreement with Nouwens Transport Breda, the first logistics site in Breda

  • development potential in built-to-suit projects in ’s-Hertogenbosch and Venlo

• Greenhouse Woluwe Garden will be the next implementation of successful redevelopment approach in the office segment by and with #TeamIntervest

• Average interest rate: 1,9%

• Collection of rent receivables in line with normal payment pattern, 93% received from Q3 2021

• Future possible value increase over a period 2021 – 2025 between € 255 - € 297 million thanks to (re)development with in-house team

• Solid foundation through activities in two real estate segments, diversified tenants, a strong balance sheet and sufficient financial resources due to € 132 million of unused credit lines

Attachment

• Half-yearly financial report 2021