2020 ANNUAL RESULTS

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3-PILLAR STRATEGY SHOWING PROVEN RESILIENCE IN THE CONTEXT OF A GLOBAL HEALTH CRISIS

At group level, assets under management increased by 9% to reach approximately €2.4bn

• €196m of owned assets (+3% on a like-for-like basis compared to December 31, 2019)
• €2,187m managed on behalf of institutional and retail investors mainly through SCPI and OPPCI (+10% compared to December 31, 2019)

Solid financial indicators

• EPRA Net recurring results per share increased by 8% at €5.40 (€5.02 as at December 31, 2019)
• EPRA Net Reinstatement Value (NRV) increased by 6% at €125.1 per share (€117.9 per share as at December 31, 2019)
• Loan to Value (LTV3) decreased to 25% (vs. 28% as at December 31, 2019)
• Substantial liquidity of more than €42m (including an undrawn committed credit line)

The Management Board of PAREF, during the meeting held on February 18, 2021, approved the closing of the annual statutory and consolidated accounts as at December 31, 2020. The review of the results by our auditors is in progress.

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