Vastned Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property, Plant & Equipment	1,270	322.74	310.07	313.06	315.09
Cash & Equivalents	1.94	0.42	0.43	0.16	0.21
Accounts Receivable	7.84	2.16	2.22	2.33	1.91
Other Receivables	2.32	1.53	0.77	0.09	0.02
Investment In Debt and Equity Securities	1.32	0.08	0.03	2.05	-
Other Intangible Assets	-	0	0.04	0.09	0.14
Other Current Assets	1.31	1.86	1.87	0.31	0.37
Trading Asset Securities	-	-	0.47	0.15	-
Deferred Long-Term Tax Assets	0.19	-	-	-	-
Other Long-Term Assets	0.55	0.01	0	0	0
Total Assets	1,285	328.79	315.9	318.24	317.75
Current Portion of Long-Term Debt	50	0.01	-	15	-
Current Portion of Leases	0.22	0.13	0.19	0.18	0.17
Long-Term Debt	443.25	101.3	77.99	65.5	83.47
Long-Term Leases	0.59	0.63	0.39	0.53	0.67
Accounts Payable	6.58	0.03	0.22	0.04	0.05
Accrued Expenses	-	1.26	0.86	0.74	0.81
Current Unearned Revenue	16.88	2.52	2.49	2.49	2.34
Other Current Liabilities	0.92	2.02	1.27	1.34	1.14
Long-Term Deferred Tax Liabilities	32.07	1.46	0.33	0.27	0.19
Other Long-Term Liabilities	9.33	0.17	0.15	0.12	0.18
Total Liabilities	559.84	109.62	84.01	86.21	89.03
Common Stock	191	97.21	97.21	97.21	97.21
Additional Paid-In Capital	472.74	4.18	4.18	4.18	4.18
Retained Earnings	49.08	20.19	18.24	19.73	7.51
Comprehensive Income & Other	12.67	97.59	112.26	110.9	119.81
Shareholders' Equity	725.49	219.18	231.89	232.03	228.71
Total Liabilities & Equity	1,285	328.79	315.9	318.24	317.75
Total Debt	494.06	102.16	78.7	81.22	84.32
Net Cash (Debt)	-492.13	-101.74	-77.8	-80.9	-84.11
Net Cash Per Share	-30.47	-20.03	-15.32	-15.93	-16.56
Filing Date Shares Outstanding	16.15	16.14	5.08	5.08	5.08
Total Common Shares Outstanding	16.15	5.08	5.08	5.08	5.08
Book Value Per Share	44.92	43.16	45.66	45.69	45.04
Tangible Book Value	725.49	219.17	231.85	231.94	228.58
Tangible Book Value Per Share	44.92	43.16	45.65	45.67	45.01

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.