Aedifica NV/SA: Interim financial report – Q3 2024

• EPRA Earnings* amounted to €178.3 million (+7% compared to 30 Sept. 2023) or €3.75/share
• Rental income increased to €251.0 million (+7% compared to 30 Sept. 2023)
• 3.3% increase in rental income on a like-for-like basis in the first 9 months of the year
• Weighted average unexpired lease term of 19 years and occupancy rate of 100%

Real estate portfolio* of over €6.1 billion as at 30 September 2024

• 630 healthcare properties for more than 48,300 end users across 8 countries
• Valuation of marketable investment properties increased by 0.1% in Q3 and 0.4% YTD on a like-for-like basis
• Investment programme of €236 million in pre-let development projects and acquisitions in progress, of which €93 million remains to be invested. Over the 3rd quarter, 5 projects from the committed pipeline were delivered for a total investment budget of approx. €61.5 million

Solid balance sheet and strong liquidity

• 41.5% debt-to-assets ratio as at 30 September 2024
• €634 million of headroom on committed credit lines to finance CAPEX and liquidity needs
• Average cost of debt* including commitment fees stable at 1.9%
• BBB investment-grade credit rating with a stable outlook reaffirmed by S&P

Improved outlook for 2024