Regulated Information

8 March 2023 - After trading hours Under embargo until 17h45

Press Release

Annual Results

2022 Financial Year

MILESTONES 2022

  • Property portfolio was expanded with 16 acquired projects with a total investment value of €211 million. In addition, 1 project was acquired under suspensory conditions for an amount of €8 million.
  • Entry onto the Irish healthcare real estate market.
  • Optional dividend in June led to a reinforcement of the equity by €4,030,287, in exchange for 171,794 new shares.
  • A capital increase by contribution in kind of 100% of the shares of the Company 'Igor Haacht nv', owner of the assisted living complex 'Klapgat' located in Haacht, led to a strengthening of equity by €13,914,724, in exchange for 638,715 new Care Property Invest shares.
  • Application of the tax-favourable SOCIMI status in Spain and FBI status in The Netherlands (similar to the Belgian RREC status).
  • Sustainability reporting was awarded the EPRA sBPR Gold Award and financial reporting was awarded the EPRA BPR Gold Award.

AFTER THE CLOSING OF THE 2022 FINANCIAL YEAR

  • Successful capital increase in cash on 24 January 2023, at an issue price of €12.00 per share and gross proceeds of €110,966,496. For this purpose, 9,247,208 new shares were issued. As of this date, the Company's share capital amounts to €220,065,062 and is represented by a total of 36,988,833 fully paid- up shares with voting rights.

FINANCIAL HIGHLIGHTS

Key figure

31 December 2022

31 December 2021

Evolution

Fair value property portfolio

€1 131 m

€986 m

+15%

Market capitalisation

€437 m

€693 m

-37%

Occupancy rate

100%

100%

=

Debt ratio

52.37%

47.06%

+11%

Cost of borrowed funds

2.14%

1.92%

+11%

Adjusted EPRA earnings

€34.3 m

€27.5 m

+25%

Adjusted EPRA earnings per share

€1.24

€1.06

+17%

Dividend per share (proposal)

€1.00

€0.87

+15%

SHAREHOLDERS

  • Proposal to distribute a gross dividend of €1.00 per share for the entire 2022 financial year, i.e. an increase of 14.94% compared to that of the 2021 financial year. After deduction of the 15% withholding tax, the proposed net dividend amounts to €0.85 per share.
  • The annual general meeting of the Company will be held on 31 May 2023 at 11 a.m. at the Company's headquarters, Horstebaan 3, 2900 Schoten.

REGULATED INFORMATION

Published on 8 March 2023 after trading hours

PRESS RELEASE ANNUAL RESULTS FINANCIAL YEAR 2022 for the period from 1 January 2022 to 31 December 2022

AUDITED

The Dutch version as well as the English version of this press release annual results 2022 financial year are legally binding. Within the framework of their contractual relationship with the Company, investors can therefore always appeal to the translated versions. Care Property invest, represented by its responsible persons, is responsible for the translation and conformity of the Dutch and English language versions. However, in case of discrepancies between language versions, the Dutch version always prevails.

The Company obtained an EPS of €1.24 and proposes to distribute a DPS of €1.00.

HISTORY

1995 - 2023

.1996

Capital increase in cash (IPO - Eurnext Brussels)

7 February 1996

Total amount of capital increase: approx. €59 million.

As of 7 February 1996

10,210 fully paid-up shares.

.2012

Initial investment programme 2,000

serviceflats completed

.2015

Capital increase in cash

22 June 2015

Total amount of capital increase: approx. €36 million.

As of 22 June 2015

13,184,720 fully paid-up shares.

.2015

New address: Horstebaan 3, 2900 Schoten

. 2017

Capital increase in kind

15 March 2017

Total amount of capital increase: approx. €34 million.

As of 15 March 2017

15,028,880 fully paid-up shares.

.2017

Acquisition of first projects in Walloon and

Brussels-Capital Regions

.1995

Establishment of Serviceflats Invest nv

Recognition as a Belgian real estate investment fund, on the initiative of the Flemish government with the objective to build and finance 2,000 service flats for PCSW's and social non-profit organisations in the Flemish and Brussels-Capital Region.

As of 30 October 1995

210 fully paid-up shares.

.2000

Innovation award for 'Technology and housing of elderly people'

.2013-2014

Amendments to the articles of association to expand the Company's objective

.2014

Serviceflats Invest nv becomes

Care Property invest nv

Share split 1: 1000

As of 24 March 2014

10,210,000 fully paid-up shares.

Acquisition of the status of a Public Regulated Real Estate Company (Public RREC).

.2014

Optional dividend

May-June 2014

Total amount of capital increase: approx. €2 million.

As of 20 June 2014

10,359,425 fully paid-up shares.

. 2016

Inclusion in the Bel MID index.

Start of EPRA membership

. 2017

Capital increase in cash

27 October 2017

Total amount of capital increase: approx. €70 million.

As of 27 October 2017

19,322,845 fully paid-up shares.

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Care Property Invest NV published this content on 08 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2023 16:46:06 UTC.