EPRA earnings of € 7.2 million in Q1 2017 consisting of:

earnings on a recurrent basis of €5.1 million
€ 1.2 million once-off severance compensation from SAS Automotive
€ 0.9 million provision received for receiving once-off compensation linked to the delivery of the property rented to DHL Aviation nv

EPRA result per share of € 0.73 in Q1 2017

Operating margin amounts exceptional to 95.4% at the end of Q1 2017 or 86.4% without the above mentioned once-off compensation

Occupancy rate of 95.3% at the end of Q1 2017

Average term of leases on first expiry date of 7.8 years at the end of Q1 2017

Increase in fair value of the property portfolio of 2.8% to € 556 million compared with € 552 million at the end of 2016

Debt ratio of 52.7% at the end of Q1 2017 – Average term of loans of 5.2 years – average term of interest rate hedging of 7.6 years

Outlook for 2017:

Property portfolio grows to € 650 million
Occupancy rate remains above 95% - Term of leases amounts to more than 7 years on average
Operating margin of 89% on an annual basis
Ambition to have the EPRA earnings per share rise by 5%