April 18, 2025
First-quarter 2025 financial information
- Sustained growth in net rental income: up 15.0% (up 3.7% like-for-like versus firstquarter 2024, of which 2.5% from indexation)
- Strong leasing momentum: 219 leases signed (up 4.3% versus first-quarter 2024), with positive 3.4% reversion
- Financial occupancy at 96.0%1 (versus 95.9% at end-March 2024)
- Collection rate at 96.2% (versus 95.0% at end-March 2024)
- Retailer sales down 0.6% and footfall down 1.4% (versus first-quarter 2024), impacted by a negative 1.1% calendar effect
- Successful tender for Carmila bonds totalling €100 million
- Confirmation of the 2025 recurring earnings per share guidance at €1.75 (increase of 4.8% versus 2024)
- Proposed cash dividend of €1.25 per share for 2024 (versus €1.20 for 2023, an increase of 4.2%)
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