Wereldhave Trading update Q1 2024

· Full Service Center footfall continues to power ahead: 10% above Q1 2023
· Retail sales +5%, well above inflation
· Polarizing leasing market in the Benelux with several expanding formulas but also some bankruptcies
· Leasing spreads in the Netherlands moving into positive territory
· Rent collection >97% underpinning tenant quality
· LTV improved to 41.5% due to positive Belgian revaluations (ERV driven) and targeted CAPEX
· Update on short-term strategic focus: rotating capital out of the Netherlands to further reduce LTV
· Full Service Center Sterrenburg awarded with the 2024 Kern annual development award
· Forecast FY 2024 DRPS € 1.75 reiterated

*Attachment*

· Trading update Q1 2024 Wereldhave N.V.