Home Invest Belgium SA · EURONEXT:HOMI
Home Invest Belgium SA — H1 2025 Earnings Presentation
37 slides from Home Invest Belgium SA's earnings presentation, Jun 30, 2025
Slide 1: Company Presentation - 30 June 2025
COMPANY PRESENTATION - 30 JUNE 2025 1
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. Company presentation 30 June 2025 2
Slide 3: Topics
Topics 1. Company profile 2. Real estate portfolio 30 June 2025 3. Key activities 1H 2025 4. Financial results 1H 2025 5. HOMI share 6. Outlook Company presentation 30 June 2025 3
Slide 4: Company profile
Company profile Company presentation 30 June 2025
Slide 5: Home Invest Belgium (HOMI) at a glance
Home Invest Belgium (HOMI) at a glance Listed Belgian REIT € 410 mio market capitalisation as on 30 June 2025 • 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… • … and 2
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 • Limited impact from business cycles on the letting market Residential real estate • Limited impact from disruption • Responds to the primary human need for housing • In-house t
Slide 7: Real estate portfolio 30 June 2025
Real estate portfolio 30 June 2025 Company presentation 30 June 2025
Slide 8: Strong growth track
Strong growth track € 884 mio portfolio value € 1000m Evolution of the fair value of the real estate portfolio € 900m € 800m € 700m € 600m € 500m € 400m € 300m € 200m € 100m € 0m 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2000 2001 2002 2003 2004 2005 2006 2007 2008 2
Slide 9: Specialist in residential real estate
Specialist in residential real estate >90% of the porfolio is residential real estate Retail 5,7% Offices 2,9% Residential 0,5% Nursing 91,4% 84,2% homes Houses Tourism 6,6% Company presentation 30 June 2025 9
Slide 10: Located in Belgium (91%) & the Netherlands (9%)
Located in Belgium (91%) & the Netherlands (9%) With a strong presence in the Brussels Capital Region (69% of the portfolio) The Netherlands 8,7% Flemish Region 12,3% Walloon Region 10,3% Brussels Capital Region 68,7% Company presentation 30 June 2025 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 • Brussels, the Capital of Europe • compared to 30% outside Brussels • 1.2 mio inhabitants Brussels Belgium (outside Brussels) • Strong popu
Slide 12: Supporting megatrends in housing
Supporting megatrends in housing Demographic changes Urbanisation - Decreasing household sizes - % of Europeans living in cities(1) 90% 84% 85% 80% 77% Demographic changes 74% 75% 70% - Ageing population - 70% The share of 65+ in Belgium’s population will increase 65% from 20% in 2022 to 25% in 2050
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 Company presentation 30 June 2025 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. Source: JLL Company presentation 30 June 2025 14
Slide 15: Strong energy performance of the housing portfolio
Strong energy performance of the housing portfolio HOMI housing portfolio STATUS 30-06-2025 • Average primary energy consumption of the housing units in the portfolio: 105 kWh/m²/year TARGET 31-12-2026 • Average primary energy consumption of the housing units in the portfolio: < 100 kWh/m²/year Brus
Slide 16: Key activities in 1H 2025
Key activities in 1H 2025 Company presentation 30 June 2025
Slide 17: Acquisition of Jardin Leopold – Brussels
Acquisition of Jardin Leopold – Brussels Jardin Leopold - 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 • Great location : • Near the centre of Brussels and is eas
Slide 18: Delivery of Jourdan 95 – Brussels
Delivery of Jourdan 95 – Brussels Jourdan 95 - Brussels • The transformation of an outdated office building with : • 48 housing units • 55 parking spaces • Very energy efficient building : • All housing units have an EPC A label • Estimated average primary energy consumption of 42 kWh/m²/yr • heated
Slide 19: Progress of City Dox – Brussels (Anderlecht)
Progress of City Dox – Brussels (Anderlecht) City Dox (Lot 4) Brussels (Anderlecht) • Part of the City Dox site, a large-scale development by Atenor in Anderlecht • The project consists of : • 163 residential units • 132 parking lots • 324 indoor bicycle sheds • 2,700 m² production facilities • esti
Slide 20: Renovation of Charles Woeste – Brussels (Jette)
Renovation of Charles Woeste – Brussels (Jette) Charles Woeste – Brussels (Jette) • Renovation the building Charles Woeste (Jette – Brussels) : • 92 housing units • 30 parking spaces • Building from the 1980s; has been in the portfolio for 25 years • Building vacated • Estimated average primary ener
Slide 21: Development pipeline
Development pipeline Pipeline (with building permit) Name City # housing Delivery date Total cost Remaining CAPEX still to be units (expected) (expected) spent City Dox (Lot 4) Brussels (Anderlecht) 163 Q4 2025 € 63 mio € 6 mio Jardin Leopold Brussels (Laeken) 56 Q4 2026 € 18 mio € 14 mio Total 219
Slide 22: Signing Cityforward
Signing Cityforward • Signing of the final agreement on 5 August 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
Slide 23: Letting activities and occupancy rate
Letting activities and occupancy rate Strong letting activities in 1H 2025 Lfl (like-for-like) rental growth of 4.3% in 1H 2025 (year-on-year). High occupancy rate Average occupancy rate(1) in 1H 2025 : Occupancy rate 1H 2025 98.3% 1H 2024 98.3% 1H 2023 98.4% 1H 2022 98.3% 1H 2021 96.9% (1) The
Slide 24: Expiry of leasehold rights in Louvain-La-Neuve on 7 June 2026
Expiry of leasehold rights in Louvain-La-Neuve on 7 June 2026 • On 25 January 2013, Home Invest Belgium acquired leasehold rights on buildings CV9, CV10 and CV18 in Louvain-La-Neuve . The building rights have a residual term until 7 June 2026. • At the end of the leasehold rights, UCL (as the granto
Slide 25: Financial results 1H 2025
Financial results 1H 2025 Company presentation 30 June 2025
Slide 26: Key figures
Key figures Consolidated income statement (in € k) 1H 2025 1H 2024 Δ Y-o-Y % growth Net rental result 18 282 18 064 218 +1.2% Property result 15 877 15 634 243 +1.6% (-) Property costs - 1 845 - 1 851 (-) General costs and other operating income -1 610 -1 520 Operating result before result on the po
Slide 27: Key figures
Key figures EPRA earnings (in € k) 1H 2025 1H 2024 Δ Y-o-Y % growth Net result (group share) 23 189 64 114 (-) Portfolio result -14 567 -51 808 (-) Changes in fair value of financial assets and liabilities 1 878 -2 189 (-) 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) 30/06/2025 31/12/2024 Δ Y-o-Y % growth Total assets 903 175 901 069 2 106 +0.2% Shareholders’ equity 481 969 484 437 -2 468 -0.5% Debt ratio (RECC-Act) (1) 47.50% 47.19% Debt ratio (IFRS) (2) 46.64% 46.30% NAV per share (in €) 30/06/2025 31/12/2024 Δ Y
Slide 29: Financial structure
Financial structure Debt maturities € 180 m € 160 m Comments € 140 m • Financial debt amounts to € 405.0 m € 120 m - Drawn credit lines : € 350.0 m € 100 m 8 - Bonds : € 49.0 m € 80 m - Commercial Paper : € 6.0 m € 60 m 25 20 35 20 89 € 40 m 77 • Weighted average remaining duration of the financial
Slide 30: HOMI share
HOMI share by Company presentation 30 June 2025
Slide 31: Key figures per share
Key figures per share Key figures per share 30/06/2025 31/12/2024 31/12/2023 31/12/2022 31/12/2021 31/12/2020 Total number of shares issued (1) 20 200 136 20 200 136 19 708 766 17 917 060 16 499 290 16 499 290 Closing price of the share € 20.30 € 17.16 € 15.50 € 21.80 € 24.40 € 23.10 Market capitali
Slide 32: Key figures per share
Key figures per share Key figures per share 1H 2025 1H 2024 1H 2023 1H 2022 1H 2021 1H 2020 Average number of shares (1) 19 982 868 19 663 501 17 803 644 16 416 329 16 442 048 16 440 730 EPRA earnings € 10.21 mio € 9.94 mio € 8.66 mio € 7.75 mio € 6.94 mio € 6.23 mio EPRA earnings per share € 0.51 €
Slide 33: Evolution of the share price & gross distribution
Evolution of the share price & gross distribution Evolution of the share price and 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 Share price HOMI Company presentation 30 June 202
Slide 34: Outlook
Outlook by Company presentation 30 June 2025
Slide 35: Outlook
Outlook Strong residential rental market and good operating figures in 1H 2025 • Strong residential letting market with strong demand for qualitative housing has resulted in a high occupancy rate of 98.3% and lfl rental growth of 4.3%. • Further increase in EPRA earnings by 2.7% to € 10.21 million i
Slide 36: Outlook
Outlook EPRA earnings per share • For FY 2025 the company expects EPRA earnings per share of € 1.20 (compared to € 1.16 in 2024 ). Distribution to the shareholders • On 6 May 2025 the Ordinary General Meeting and the Extraordinary General Meeting, approved a total distribution of € 1.14 per share (c
Slide 37: Company presentation 30 June 2025
Home Invest Belgium has received an “EPRA BPR Gold award” for is Annual Financial Report 2024 Company presentation 30 June 2025 37