Trading update Q1 2026

Key messages:

• Quarterly direct result per share (DRPS) € 0.45, +2% compared with prior year period

• Occupancy shopping centers 97.5%, up 1.0 percentage point (pp) compared with Q1 2025

• Quarterly Full Service Center footfall +2.0% compared with prior year period

• € 12m in strategic acquisitions closed, funded through issuance of new shares, resulting in a 0.2 pp improvement in loan-to-value

• Refinancing of € 250m revolving credit facility (RCF) completed, at improved terms, with a tenor of five years plus extension options up to seven years

• Despite ongoing geopolitical tensions, we remain confident in our 2026 DRPS forecast of € 1.85-1.95