EQS News: VIB Vermögen AG looks back on a strong first half of 2024 – numerous transactions in the year to date Page 1

• Funds from operating activities increase by 7% to EUR 40 million
• Gross rental income down EUR 41.1 million year-on-year due to sale of assets, as expected
• Vacancy rate of 2.7% proof of high real estate quality
• Numerous transaction activities consistently drive forward the diversification strategy
• Increased 2024 forecast confirmed: Expected gross rental income of EUR 85-89 million and expected operating resources of EUR 74-78 million

Neuburg/Danube, August 27, 2024: VIB Vermögen AG (“VIB“), a company specializing in the development, acquisition and management of commercial real estate, had a successful first half of 2024 despite a persistently difficult market environment. The company has consistently pursued its diversification strategy and completed numerous transactions in the year to date to secure future profitable growth. In particular, the office asset class was strengthened as a second and diversifying source of income.

Key figures on track to achieve annual targets

Funds from operating activities (FFO) before tax and minority interests increased by 7% year-on-year to EUR 40 million in the first half of the year (previous year: EUR 37.3 million), corresponding to an FFO per share of EUR 1.21 (previous year: EUR 1.13). Consolidated net profit reached EUR 22.6 million (previous year: EUR 63.4 million). The previous year’s figure included a gain of EUR 51.0 million on the sale of investment properties as a special effect.

As expected, gross rental income decreased to EUR 41.1 million (previous year: EUR 46.4 million) due to the real estate transactions carried out in 2023. However, this decrease has already been partly offset by the acquisitions carried out to date. These will have an increasingly positive impact in the second half of the year.

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