Intervest Offices & Warehouses NV publishes Half-yearly Financial Report 2022

Intervest Offices & Warehouses NV publishes Half-yearly Financial Report 2022

*EPRA earnings per share: *€ 0,92 for H1 2022, an increase of 11% year-on-year

*Successful #connect2022 strategy in H1 2022: *

· € 92 million sustainable logistics acquisitions in Zeebrugge, Waalwijk (NL), Breda (NL) and Herstal creating clusters on strategic (maritime) axes
· € 47 million sustainable investments in own (re)developments
· start of the sale of non-strategic buildings (mainly offices) as part of a well-considered asset rotation
· significant lease transactions increasing the WALB to 4,9 years (logistics 5,6 years; offices 3,1 years) and keeping the total occupancy rate stable at 94% (logistics 100%; offices 83%)

*ESG in H1 2022*: KPIs on track with #connect2022 strategy, ESG roadmap created and Green Finance Framework implemented

*Future value creation*: 405.000 m² of (potential) projects with a property value of approximately € 485 million

*Share price*: Intervest share significantly outperforms EPRA Eurozone

*Solid basis* through strategic presence in two real estate segments (logistics and offices), through sectoral distribution of tenants, sufficient investment space and strong financial results

*Guidance: *

· expected EPRA earnings per share for 2022 between € 1,71 and € 1,74
· target gross dividend of at least € 1,53 per share, this represents a gross dividend yield of 6,1% based on the closing price as at 30 June 2022

*Attachment*

· Half-yearly_fin_report_2022_EN