9M 2021 Trading Update

Amsterdam, 27 October 2021 - Vastned, the listed European retail property company, announces an improved operational performance for the first nine months of 2021, with a higher occupancy rate at 97.6% and further improvement of the collection rate at 94%. In the first nine months, a total of 70 new leases was signed, representing a total annual rental income of € 8.6 million or 12% of total theoretical rent. The average decrease in rent for the new leases was limited (3.1% over the first 9 months). Vastned is now forecasting a 2021 direct result between € 1.85 and € 1.90 per share.