Home Invest Belgium SA · EURONEXT:HOMI
Home Invest Belgium SA — H1 2026 Earnings Presentation
37 slides from Home Invest Belgium SA's earnings presentation, Jun 30, 2026
Slide 1: Company Presentation
COMPANY PRESENTATION 30 June 2026 REGULATED INFORMATION
Slide 2: Landlord of choice
Landlord of choice We offer more than just a place to live. We provide our tenants with a place to build their lives in properties that shape vibrant communities. It is our explicit ambition to be the “landlord of choice” for tenants. © Home Invest Belgium 2/09/2026 2
Slide 3: Topics
Topics 1. Company profile 2. Real estate portfolio 30 June 2026 3. Key activities 1H 2026 4. Financial results 1H 2026 5. HOMI share 6. Outlook © Home Invest Belgium 2/09/2026 3
Slide 4: Company profile
Company profile
Slide 5: Home Invest Belgium (HOMI) at a glance
Home Invest Belgium (HOMI) at a glance Listed Belgian REIT € 387 mio market capitalisation As on 30 June 2026 − Number 1 owner and manager of residential properties in Belgium Group Van − Listed on Euronext Brussels since 1999 Overstraeten 30,3% − A specialist with 25+ years of experience… Free floa
Slide 6: Home Invest Belgium (HOMI) at a glance
Home Invest Belgium (HOMI) at a glance • Biggest sector within the real estate market with a need for professionalization Residential real • Limited impact from business cycles on the letting market estate • Limited impact from disruption • Responds to the primary human need for housing • In-house t
Slide 7: Real estate portfolio 30 June 2026
Real estate portfolio 30 June 2026
Slide 8: Strong growth track
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Strong growth track 2013 2014 2015 2016 2017 2018 € 983 million portfolio value 2019 2020 2021 2022 2023 2024 2025 1H 2026 € 0m 8 € 200m € 600m € 800m € 400m € 1200m € 1000m
Slide 9: Specialist in residential real estate
Specialist in residential real estate > 90% of the portfolio is residential real estate Retail Offices 5,0% 2,9% Residential 0,5% Nursing homes 92,1% 85,3% Houses Tourism 6,4% 9
Slide 10: Located in Belgium (92%) & The Netherlands (8%)
Located in Belgium (92%) & The Netherlands (8%) With a strong presence in the Brussels Capital Region (>70% of the portfolio) The Netherlands 8,3% Flemish Region 11,3% Walloon Region 9,6% Brussels Capital Region 70,7% 10
Slide 11: Strong presence in the Brussels Capital Region
Strong presence in the Brussels Capital Region − The biggest tenant market in Belgium − High proportion of tenants vs. owner- occupied − 60% tenants in Brussels − compared to 30% outside Brussels − Brussels the Capital of Europe − 1.2 mio inhabitants Brussels Belgium (outside Brussels) − Strong popu
Slide 12: Supporting megatrends in housing
Supporting megatrends in housing Urbanisation Decreasing household sizes % of Europeans living in cities (1) 90% 84% 85% 80% 77% 74% 75% 70% 70% 65% Ageing population 60% The share of 65+ in Belgium’s population will increase 55% from 20% in 2022 to 25% in 2050 (2) 50% 45% 2022 2050 40% 0-19 20-64 6
Slide 13: Young and sustainable portfolio
Young and sustainable portfolio More than 50% of the portfolio is younger than 10 years. Age of the portfolio Younger than 10 years > 50% of the portfolio Younger than 20 years > 80% of the portfolio 13
Slide 14: Compared to an outdated housing stock on the market
Compared to an outdated housing stock on the market Only 7% of the Brussels’ housing stock is younger than 40 years. This means there is a huge need and potential for new housing. 14
Slide 15: Strong energy performance
Strong energy performance Home Invest Belgium portfolio Brussels Capital Region <100 95 100 254 kWh/m²/year kWh/m²/year kWh/m²/year kWh/m²/year Target primary energy Average primary energy Target for all housing units in Average primary energy consumption of the portfolio’s consumption of the portfo
Slide 16: Key activities in 1H 2026
Key activities in 1H 2026
Slide 17: Progress of Jardin Leopold
Progress of Jardin Leopold Jardin Leopold – Laeken (Brussels) − A new built residential project with : - 56 housing units − 23 parking spaces − Very energy efficient building : − A target primary energy consumption below 45 kWh/m²/year (EPC A label) − Great location: − Near the centre of Brussels an
Slide 18: Renovation of Giotto
Renovation of Giotto Giotto – Evere (Brussels) ⁃ Renovation of the building Giotto: ⁃ 85 housing units ⁃ 86 parking spaces ⁃ Building from 2005 ⁃ Has been in the portfolio for over 20 years ⁃ Improvement of the building’s energy performance and the living comfort for its tenants ⁃ Expected average p
Slide 19: Renovation of Charles Woeste
Renovation of Charles Woeste Charles Woeste – Jette (Brussels) - Renovation of the building Charles Woeste: - 92 housing units - 30 parking spaces - Building from the 1980s - Has been in the portfolio for over 20 years - Renovation delivered in Q1 2026 - Average primary energy consumption of 86 kWh/
Slide 20: Social and affordable housing project
Social and affordable housing project Social and affordable housing project in Flanders (Turnhout) − 92 housing units − 56 units long term term lease of 27 years with Woonboog for social rental housing − 36 units regulated rental housing in the affordable segment - A favourable average primary energ
Slide 21: Development pipeline
Development pipeline Pipeline (with building permit) Name City # housing Delivery date Total cost Remaining CAPEX units (expected) (expected) still to be spent Jardin Leopold Laeken (Brussels) 56 Q1 2027 € 18 mio € 7 mio Total 56 € 18 mio € 7 mio Pipeline (renovation of existing buildings within the
Slide 22: Cityforward
Cityforward − Agreement signed in Q2 2025 − Between Cityforward and HOMI for the redevelopment of a property portfolio consisting of 17 obsolete buildings occupied by the European Commission to a new vibrant European quarter. − Cityforward will focus on the development of the offices; − HOMI will fo
Slide 23: Letting activities and occupancy rate
Letting activities and occupancy rate Strong letting activities in 1H 2026 Lfl (like-for-like) rental growth of 2.9% in 1H 2026 (year-on-year). High occupancy rate Average occupancy rate(1) in 1H 2026: Occupancy rate 1H 2026 98.3% 1H 2025 98.3% 1H 2024 98.3% 1H 2023 98.4% 1H 2022 98.3% (1) The occup
Slide 24: Agreement on the extension of the rights in rem in Louvain la Neuve with UCL
Agreement on the extension of the rights in rem in Louvain la Neuve with UCL − 25 January 2013: HOMI acquired the building rights relating to the buildings CV9, CV10, CV18a and CV18b in Louvain la Neuve. − Agreement reached in June 2026 for: − building CV18a, right in rem extended for a period of 6
Slide 25: Financial results 1H 2026
Financial results 1H 2026
Slide 26: Key figures
Key figures Consolidated income statement (in € k) 1H 2026 1H 2025 Δ Y-o-Y % growth Net rental result 21 657 18 282 3 375 +18.5% Property result 19 255 15 877 3 378 +21.3% (-) Property costs -2 057 - 1 845 (-) General costs and other operating income -1 791 -1 610 Operating result before result on t
Slide 27: Key figures
Key figures EPRA earnings (in € k) 1H 2026 1H 2025 Δ Y-o-Y % growth Net result (group share) 19 129 23 189 (-) Portfolio result -7 486 -14 567 (-) Changes in fair value of financial assets and liabilities +585 +1 878 (-) Non-EPRA elements of the share in the result of associates and joint ventures -
Slide 28: Key figures
Key figures Consolidated balance sheet (in € k) 30/06/2026 31/12/2025 Δ Y-o-Y % growth Total assets 1 004 603 987 481 17 122 1.7% Shareholders’ equity 512 232 518 818 3 586 -0.7% Debt ratio (RECC-Act) (1) 48.76% 48.14% Debt ratio (IFRS) (2) 48.00% 47.33% NAV per share (in €) 30/06/2026 31/12/2025 Δ
Slide 29: Financial structure
Financial structure Debt maturities € 160 m € 140 m − Financial debt amounts to € 465.5 m € 120 m - Drawn credit lines : € 413.0 m € 100 m 16 - Bonds : € 49.0 m 14 - Commercial Paper : € 3.5 m € 80 m 5 € 60 m 10 30 − Weighted average remaining duration of the financial debt of € 40 m 83 91 92 45 4.0
Slide 30: HOMI share
HOMI share
Slide 31: Key figures per share
Key figures per share Key figures per share 30/06/2026 31/12/2025 31/12/2024 31/12/2023 31/12/2022 31/12/2021 Total number of shares issued (1) 20 200 136 20 200 136 20 200 136 19 708 766 17 917 060 16 499 290 Closing price of the share € 19.14 € 18.38 € 17.16 € 15.50 € 21.80 € 24.40 Market capitali
Slide 32: Key figures per share
Key figures per share Key figures per share 1H 2026 1H 2025 1H 2024 1H 2023 1H 2022 1H 2021 Average number of shares (1) 19 903 496 19 982 868 19 663 501 17 803 644 16 416 329 16 442 048 EPRA earnings € 11.65 mio € 10.21 mio € 9.94 mio € 8.66 mio € 7.75 mio € 6.94 mio EPRA earnings per share € 0.59
Slide 33: Evolution of the share price & gross distribution per share
Evolution of the share price & gross distribution per share € 30,00 € 1,40 € 25,00 € 1,20 € 20,00 € 1,00 € 0,80 € 15,00 € 0,60 € 10,00 € 0,40 € 5,00 € 0,20 € 0,00 € 0,00 Gross distribution per share (right Y-axis) Share price HOMI (left Y-axis) 33
Slide 34: Outlook
Outlook
Slide 35: Outlook
Outlook Strong residential rental market and solid operating figures in 1H 2026 − Strong residential letting market with strong demand for qualitative housing has resulted in a high occupancy rate of 98.3% and l-f-l rental growth of 2.9%. − Further increase in EPRA earnings by 14.6% to € 11.65 milli
Slide 36: Outlook
Outlook EPRA earnings per share − For FY 2026 the company expects an increase in EPRA earnings per share to € 1.25 (compared to € 1.21 in 2025). Distribution to the shareholders − On 5 May 2026 the Ordinary General Meeting and the Extraordinary General Meeting, approved a total distribution of € 1.1
Slide 37: Public regulated real estate investment company under Belgian law
Public regulated real estate investment company under Belgian law Boulevard de la Woluwe 46/11 1200 Brussels Belgium +32 (0)2 899 43 21 | [email protected] | www.homeinvest.be