Portfolio financing

As at 31 December 2025, the distribution is as follows:

 

Equity	EUR 38.8 miljoen
Interest bearing loans	EUR 21.0 miljoen

 

The loan-to-value ratio of the entire portfolio is 33.3%. As at 31 December 2025, the financing structure is as follows: equity EUR 38.8 million and interest-bearing debt EUR 21.0 million, resulting in a loan-to-value ratio of 33.3%. Equity is distributed across 3,962,436 outstanding ordinary shares with an NNNAV of EUR 9.66 per share. The bank loans were taken out with banks in Poland, the Czech Republic, and Romania. Due to the sale of the Slovak assets in 2025, the loans in Slovakia have been fully repaid. Further details can be found in the consolidated financial statements.