Strong outperformance from FREY open-air shopping centres in the context of an unprecedented health crisis 

Value of the economic portfolio: €1.1 billion (+0.5%)

Rental income: €26.7 million (+55%), +1.8% on a like-for-like basis

Good recovery in footfall and tenants’ revenues

High occupancy rate: 97.8%

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Profit from recurring operations: €16.0 million (+55% vs 30.06.19)

EPRA NDV : €31.0 per share (-5.5%)

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Sound financial structure

LTV ratio (incl. transfer tax): 28.1%

Available liquidity: €248.3 million

Change compared with 31.12.19 unless stated otherwise