NSI N publishes 2025 preliminary results

We are pleased to present our preliminary results for 2025. Highlights of the report are:

• Positive momentum on Vitrum, HNK Rotterdam Alexander, refinancing and disposals - partially offset by higher vacancy
• HNK Rotterdam Alexander will be 85% let at opening in February 2026, with project delivery on budget
• Close to signing contractor for Vitrum redevelopment - Start of project H1 2026, delivery H1 2028
• EPRA EPS €2.10 per share, stable year-on-year
• Year-end LTV at 34.3%; 32.2% pro forma adjusted for disposal of last Eindhoven asset
• Year-end EPRA vacancy rate at 9.2%, with year-on-year increase entirely due to Vivaldi II
• Full-year dividend proposed at €1.58 per share, based on minimum 75% pay-out ratio

As part of our full year results communication, below you can find an additional video explaining the results in more depth. This video was generated using AI technology to make our investor relations content more accessible and engaging for investors, analysts, and the wider investment community. We welcome feedback on this approach and look forward to using new technologies to even better support our investment community.