VGP (VGP) Company presentation summary

Business overview and strategy

• Operates as a fully integrated industrial and logistics real estate company with in-house capabilities across land acquisition, design, construction, leasing, and asset management.

• Focuses on sustainable development, targeting EU Taxonomy compliance and certifications such as BREEAM Excellent or DGNB Gold for all new buildings.

• Listed on Euronext Brussels and included in major indices, with three joint venture partners providing long-term capital.

• Portfolio spans 18 countries with 130 parks and over 450 tenants, emphasizing diversification and blue-chip tenant base.

• Ancillary services include renewable energy solutions, smart energy management, and green mobility infrastructure.

Financial performance and key metrics

• Gross asset value stands at €8.29 billion, with €2.4 billion in shareholders' equity and a 37.9% gearing ratio.

• Achieved €208.6 million pre-tax profit and €461.3 million in committed annualized rental income as of October 2025.

• Portfolio occupancy rate is 98%, with a weighted average lease term (WALT) of 7.9 years.

• BBB- credit rating with a stable outlook from S&P and Fitch.

Portfolio and leasing activities

• 259 completed buildings and 98% occupancy, with over 650 tenant contracts and more than 450 tenants.

• Tenant base is diversified across logistics (50-64%), light industrial (15-38%), and e-commerce (16-19%).

• Top 10 tenants account for 30.3% of leases, with a combined WALT of 10.6 years.

• Record €89 million in new and renewed rental income signed in the first 10 months of 2025.