Retail Estates: Announcement of a transparency notification







PRESS RELEASE

Regulatory information

Ternat, June 21, 202

ANN OR NCE OF A TRANSPARENCY CYN OT IF IC ATION

( Article 1 4 , first paragraph of the Belgian law of 2 May 2 0 0 7 relating to the disclosure of significant shareholdings )

1. SUMMARY OF NOTIFICATION

In accordance with the Belgian transparency law, Retail Estates NV announces the receipt on June 17, 2022 of a transparency notification dated June 17, 2022.

The notification was sent by Stichting Administratiekantoor “Het Torentje” whose registered office is Parklaan 34, 3018 BC Rotterdam, The Netherlands, and announces that the voting rights attached to the Retail Estates shares held by Nextensa NV, whose registered office is Picardstraat 11 box 505, 1000 Brussels, fell below the threshold of 10% of total voting rights as of June 14, 2022.

2. CONTENT OF NOTIFICATION

The notification dated June 17, 2022 contains the following information:

Reason for notification

Passive downward crossing of a threshold.

Notification by

A parent company or a controlling person.

Persons subject to the notification obligation

Last name

Address (for legal persons)

Stichting Administratiekantoor “Heh

Parklaan 34, 3018 av. Rotterdam, The

Torrentje”

Netherlands

Nextensa SA

Rue Picard 11 box 505, 1000 Brussels

Date of threshold crossing

June 14, 2022

Threshold crossed (in %)

ten%

Denominator

14,085,827

Details notified

A) Right to vote

Previous notification

After the trade

# right to vote

# right to vote

% right to vote

Voting rights holders

Attched

Apart from

Attched

Apart from

rights

to titles

securities

to titles

securities

Sewing

Administrationkantoor

0

0

0

“Het Torrentje”

Nextensa SA

582 885

1,351,320

9.59%

TOTAL

1,351,320

0

9.59%

0.00%

B) Assimilated

financial

After the trade

instruments

# right to vote

Holders of assimilated

Type of financing

Expiration date

exercise period

it can be

acquired when

% right to vote

Rules

financial instruments

instrument

or appointment

exercising the

instrument

TOTAL

0

0.00%

TOTAL (A & B)

# vote

% right to vote

rights

1,351,320

9.59%

Chain of controlled companies through which the interest is actually held

Chain of custody above Nextensa NV

  1. Nextensa SA is directly controlled by Ackermans & van Haaren AGcompany under Belgian law.

Chain of custody above Ackermans & van Haaren NV

  1. Ackermans & van Haaren NV is directly controlled by Scaldis Invest SAcompany under Belgian law.
  2. Scaldis Invest NV is directly controlled by Belfimas S.A.company under Belgian law.
  3. Belfimas SA is directly controlled by Cellfloor SALuxembourg company.
  4. Celfloor SA is directly controlled by Apodia International Holding B.V.a company under Dutch law.
  5. Apodia International Holding BV is directly controlled by Palamount AGLuxembourg company.
  6. Palamount SA is directly controlled by “The Torrentje“, a fiduciary office (“Stichting Administratiekantoor”) incorporated under Dutch law.
  7. Stichting Administratiekantoor “Het Torentje” is the ultimate controlling shareholder.

In accordance with article 11, §1 of the Belgian law of May 2, 2007 Stichting Administratiekantoor “Het Torentje” acts in its own name and on behalf of the aforementioned companies.

ABOUT RETAIL ESTATES AG

The Belgian public property investment fund (“BE-REIT”) Retail Estates NV is a niche player specializing in providing users with outlying commercial properties located on the outskirts of residential areas or along the main access roads to urban centers. . Retail Estates NV acquires such real estate from third parties or constructs and markets retail properties for its own account. The buildings have usable areas of between 500 m² and 3,000 m². A typical commercial building has an average area of ​​1,000 m².

As of March 31, 2022, Retail Estates SA has 987 buildings in its portfolio with a total commercial area of ​​1,177,577 m², spread over Belgium and the Netherlands. The occupancy rate of the portfolio was 97.83% as at 31 March 2022, compared to 97.07% as at 31 March 2021. The fair value of the consolidated real estate portfolio of Retail Estates NV as at 31 March 2022 is estimated at 1,759.88 million EUR by independent real estate agencies. real estate specialists.

Retail Estates NV is listed on the regulated markets of Euronext Brussels and Euronext Amsterdam and is registered as a public regulated real estate company (“RREC”).

FORWARD-LOOKING STATEMENTS

This press release contains a number of forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from the results that could be assumed in this press release based on these forward-looking statements. The main factors likely to influence these results are the evolution of the economic, commercial, fiscal and environmental situation.

Ternat, June 21, 2022

Jan De Nys, CEO of Retail Estates nv

For more information please contact:

Retail Estates nv, Jan De Nys – CEO, tel. +32 2/568 10 20 – +32 475/27 84 12

Retail Estates nv, Kara De Smet – CFO, tel. +32 2/568 10 20

Disclaimer

Retail Estates AG published this content on June 21, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on June 21, 2022 17:04:06 UTC.

Public now 2022

All the news of RETAIL ESTATES SA

2022 sales 116 million
122 million
122 million
2022 net income

Net debt 2022

PER 2022 ratio 12.2x
2022 return 7.03%
Capitalization 865 million
913M
913M
capi. / Sales 2022 7.49x
capi. / Sales 2023 7.19x
# of employees 36
Floating 74.2%


Duration :

Period :




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Technical Analysis Trends RETAIL ESTATES SA

Short term Middle term Long term
Tendencies Bearish Bearish Bearish



Evolution of the income statement

Sale

To buy

Medium consensus SURPASS
Number of analysts 2
Last closing price €65.40
Average target price 72,00 €
Average Spread / Target 10.1%


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