Care Property Invest (CPINV) Company presentation summary

Portfolio overview and market positioning

• Focuses on high-end, sustainable healthcare real estate across Belgium, the Netherlands, Spain, and Ireland, with 160 sites and 100% occupancy as of Q1 2026.

• Portfolio fair value stands at €1.39 billion, with 85% in investment properties and 15% in finance leases.

• Geographic diversification mitigates political and operator risk, with Belgium representing 66% of portfolio value.

• Demographic trends in all core markets support long-term demand for healthcare real estate, driven by aging populations and bed shortages.

• Operator base is diversified, with proven track records and stable occupancy rates across regions.

Financial performance and guidance

• Q1 2026 income reached €20.4 million (+11.6% YoY), with EPRA earnings at €12.3 million (+6.1% YoY) and EPS at €0.29.

• Guidance for 2026 includes EPS of €1.07 and a stable dividend per share (DPS) of €1.00, yielding 8.43%.

• Rental income increased 11.62% YoY, with like-for-like changes varying by country.

• Debt ratio remains controlled at 48.05%, with EPRA LTV at 46.39% and €101 million headroom on credit lines.

• Average cost of debt is 3.06%, with 96% of debt hedged and a weighted average debt maturity of 4.72 years.

Strategic focus and sustainability

• Growth strategy remains within four core markets, prioritizing EPS-accretive investments and agile capital allocation.

• Sustainability targets validated by SBTi: 42% GHG reduction by 2030 and net-zero by 2050.

• Energy efficiency target set at 110 kWh/m² by 2030, with recent portfolio averaging 10.4 years in age.

• 44% of the vehicle fleet is electrified, aiming for full electrification by 2027.

• ESG criteria are integrated into management incentives, with 35% of long-term and 25% of short-term pay linked to sustainability goals.