Utrecht, 10 May 2012 

FINANCIAL HIGHLIGHTS Q1 2012
(Comparative figures for Q1 2011 results in brackets, unless stated otherwise) 

• Net rental income up 3.3% at € 101.2 m (€ 98.0 m).
• Like-for-like net rental growth retail portfolio: 1.4% (2.1%).
• Footfall on like-for-like basis increased 1.1%.
• Positive reletting and renewals: 2.7% up for 1.9% of the retail contracts.
• Financial occupancy rate for the retail portfolio increased slightly: 96.2% (96.0%).
• Net direct financing expense down € 1.5 m to € 24.6 m (€ 26.1 m).
• Direct result up 2.6% to € 67.9 m (€ 66.2 m).
• Direct result per share up € 0.01 to € 0.74 (€ 0.73).
• Valuation retail portfolio stable, revaluations retail € 8.0 m negative (€ 28.4 m).
• Net result at € 40.1 m (€ 87.1 m).
• Value of the property portfolio: € 7,457.8 m at 31 March 2012 (year-end 2011: € 7,426.5 m);
• Percentage invested in retail: 97% (year-end 2011: 97%).
• Leverage: 40.9% at 31 March 2012 (year-end 2011: 41.0%); average interest rate Q1 2012: 4.1% (Q4 2011 4.1%); fixed interest debt 69% (year-end 2011: 64%).
• Corio closed € 250 m under a Euro Commercial Paper program.
• Pipeline: decrease of € 150 m to € 2,362 m (31 December 2011: € 2,512 m).
• Committed pipeline (including already paid of € 120.7 m) decreased € 175 m to € 751 m.
• Net Asset Value (NAV) per share at € 45.98 (year-end 2011 € 45.57), NNNAV per share at € 47.45 (year-end 2011: € 47.15).

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