Cofinimmo at a glance T4 2025 TOGETHER IN REAL ESTATE
+/- 1,120 Assets 6 billion EUR Fair value of the portfolio +/- 2,406,000 m2 Total surface area 98.4% Occupancy rate 13 years Weighted average residual lease length 5.9% Gross rental yield at 100 % occupancy 42.8% Debt-to-assets ratio 1.5% Average cost of debt Cofinimmo I Cofinimmo at a glance T4 2025 I 2 Cofinimmo in figures as at 31.12.2025 77% 15% 8% Healthcare real estate Offices Property of ditribution networks Portfolio breakdown by segment (at fair value) 34% 14% 10% 20% 21% Belgium France The Netherlands Germany Other* Geographical portfolio breakdown (at fair value) * ES 9% - FI 3% - IE 2% - IT 5% - UK 2%
Responding to societal changes, Cofinimmo’s mission is to provide highquality care, living, and working spaces to partner-tenants that directly fit their occupants. ‘Caring, Living and Working - Together in real estate’ is the expression of this mission. Thanks to its expertise, Cofinimmo has assembled a healthcare real estate portfolio of approximately 4.7 billion EUR in Europe. Through its investments, Cofinimmo is actively participating in the operation, maintenance, expansion and renewal of the healthcare infrastructure in nine countries. As an independent company applying the highest standards of corporate governance and sustainability, Cofinimmo offers tenants services and manages its portfolio through a team of approximately 150 employees in Brussels, Paris, Breda, Frankfurt and Madrid. Cofinimmo is listed on Euronext Brussels (BEL20) and benefits from the REIT status in Belgium (RREC), France (SIIC) and Spain (SOCIMI). Its activities are supervised by the Financial Services and Markets Authority (FSMA), the Belgian regulator. Cofinimmo I Cofinimmo at a glance T4 2025 I 3 1. Belgium 2. France 3. Netherlands 4. Germany 5. Spain 6. Finland 7. Ireland 8. Italy 9. United Kingdom Cofinimmo has been acquiring, developing and managing rental properties for more than 40 years. The company has a portfolio spread across Belgium, France, the Netherlands, Germany, Spain, Finland, Ireland, Italy and the United Kingdom with a value of approximately 6 billion EUR. Who are we ?
‘Caring, Living and Working – Together in real estate’ is the expression of this mission. More specifically, Cofinimmo’s mission is to: • Promote, within its high-quality care, living, and working spaces, exchanges that will foster inspiration and well-being through the provision of services that anticipate the needs and aspirations of their occupants; • Provide an inspiring work and living environment, in service of an exciting commercial project; • Provide shareholders with the opportunity to make long-term, socially responsible investments that fuel dividends as well as returns to the community. Beyond the stakeholders identified above, the community itself greatly benefits from Cofinimmo’s services on many levels, whether in healthcare, the working world, or places where people interact and share. Furthermore, Cofinimmo contributes to enhancing and renovating public and parapublic property through large-scale projects undertaken through public-private partnerships. Cofinimmo I Cofinimmo at a glance T4 2025 I 4 Responding to societal changes, Cofinimmo’s mission is to provide high-quality care, living, and working spaces to partner-tenants that directly benefit their occupants. What is our mission ? Caring, Living and Working – Together in real estate u Nursing and care home - Milton Keynes (UK)
Cofinimmo I Cofinimmo at a glance T4 2025 I 5 15% working Creating value through capital recycling How do we fulfil our mission ? 77% caring To be a leading European healthcare REIT with a top- quality portfolio, also participating in innovative real estate concepts addressing healthcare challenges 8% living An opportunityseeking approach with long-term income In recent years, Cofinimmo has primarily made investments in various sub-sectors of healthcare real estate in Europe. Thanks to these operations, healthcare real estate assets (4.7 billion EUR) account for 77% of the Group’s consolidated portfolio as at 31.12.2025, which amount to 6.1 billion EUR. The office segment was reduced to 925 million EUR (or 15% of the consolidated portfolio) and was refocused on the prime area of the Central Business District (CBD) of Brussels. As for the property of distribution networks segment, it now accounts for only 8% of the portfolio (approximately 500 million EUR).
Cofinimmo I Cofinimmo at a glance T4 2025 I 6 Caring With a portfolio spread over nine countries that covers the full spectrum of care, from primary to acute care and skilled nursing facilities, Cofinimmo is currently one of the major investors in healthcare real estate in Europe. With its numerous development projects, Cofinimmo actively participates in the expansion and renewal of the healthcare infrastructure in Europe.
Cofinimmo I Cofinimmo at a glance T4 2025 I 7 Working As an important player in Brussels’ office sector for more than 40 years, Cofinimmo draws on its accumulated experience in the sector to dynamically and proactively manage its portfolio of office buildings. Rental management, developments adapted to new working methods, renovation and conversion programmes, and asset arbitrage are carried out with a long-term view.
Cofinimmo I Cofinimmo at a glance T4 2025 I 8 Living Cofinimmo’s property of distribution networks portfolio only consists of pubs and restaurants in Belgium and The Netherlands leased to the AB InBev brewery group (Pubstone). This portfolio, acquired in 2007 through sale & leaseback transactions generates long-term revenues. Cofinimmo also invests in special-use buildings in Belgium through public-private partnerships (PPPs). The company thus contributes to renovating and improving public and parapublic real estate infrastructure. To date, the PPP portfolio comprises six assets in operation.
A proactive sustainability policy Cofinimmo has been adopting a proactive sustainability policy for more than 15 years. This is a real priority for the Group, and has gained international recognition. In April 2025, and for the third consecutive year, Cofinimmo was recognised among Europe’s 600 Climate Leaders by Statista and the Financial Times. After being included in the prestigious Time magazine’s list of the 500 World’s Most Sustainable Companies 2024 by Time, Cofinimmo was also granted the Impact Award 2024 from Belgian business magazine Trends in the Climate & Energy category. Moreover, Cofinimmo obtained several new BREEAM certifications in both healthcare and office real estate. Cofinimmo I Cofinimmo at a glance T4 2025 I 9 u Montoyer 10 (M10) office building – Brussels CBD (BE) The redevelopment of the M10 is part of a biophilic approach that aims to maintain contact between peoples and nature, even in urban areas. The architectural design of the building includes a concrete core and basement, while all other superstructures (floors, columns, structural façade elements) are made of wood from sustainable forests.
Cofinimmo believes that it is possible to aim for a net-zero society by 2050 while guaranteeing the interests of all stakeholders. Its 30³ corporate project fits perfectly into this framework. The aim of this ambitious project is to reduce energy intensity by 30% by 2030 (compared to 2017 levels), to reach a level of 130 kWh/m²/year. To achieve this goal, a 360-degree approach is being applied, taking into account the entire lifecycle of buildings. This corporate project concerns both the office and healthcare real estate sectors, as well as all activities directly managed within the company such as disposals and acquisitions, development, project management, and day-to-day management of the buildings. Cofinimmo I Cofinimmo at a glance T4 2025 I 10 Our sustainability commitment Cofinimmo takes a pragmatic approach to sustainability, whether in terms of financial risk or social challenge. The Group's approach is therefore not only to comply with the various regulations, but also to add value to its portfolios. The organisation's commitment to sustainability is evident through its application of sustainability reporting guidelines (GRI, EPRA sBPR, Euronext ESG) and its participation in various assessments (GRESB, CDP, Sustainalytics, MSCI ESG, Vigeo Eiris, Standard Ethics, BREEAM). Since February 2023, Cofinimmo has also been included in the Euronext BEL ESG index.
u Evolution of the average energy intensity of the portfolio between 2016 and 2024 The first pillar of Cofinimmo’s sustainability strategy is to improve the energy performance and comfort standards of its buildings, while providing a long-term environmental answer to their life cycle. The priority is to reduce the energy intensity of the portfolio to limit greenhouse gas (GHG) emissions and the impact of climate change. For the 30³ project 2017 is used as the reference year, in the application of the Science Based Targets initiative (SBTi) criteria. The aim is to reduce the average energy intensity of the portfolio by 30% by 2030. The graph above shows that a 27% reduction has already been achieved between 2017 and the end of 2024, in all scopes combined. u Villa Batavia, nursing and care home in Grimbergen (BE) In December 2022, Cofinimmo acquired a nursing and care home with 82 beds located in Grimbergen, on the green periphery of Brussels. The delivery of the site, whose construction works started in 2021, took place in January 2023. Designed to accommodate elderly patients in need of advanced care, the property offers modern infrastructure combining comfort with excellent energy performance. It is equipped with a hybrid heating and cooling system (gas and air/water heat pumps), a type D ventilation system, solar panels, and an underground parking lot with charging stations for electric vehicles. Cofinimmo I Cofinimmo at a glance T4 2025 I 11 Scan the QR code to watch the video report on Villa Batavia.
CONTACT US COFINIMMO SA/NV Avenue de Tervueren/Tervurenlaan 270 B – 1150 Brussels T +32 2 373 00 00 info@cofinimmo.be www.cofinimmo.com For more information, please refer to the 2024 Universal Registration Document and the 2025 press releases, including the half-year press release dated 25.07.2025.
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