Affine R E : Full-year 2016 results - Analysts presentation

Full-Year Results 2016

0Full-Yearresults2016

2016 Key takeaways

• (+) Like-for-like rents increase (+1.0%)

• (-) Impact of disposals (rents: -11.2%)

• (+) Improvement of occupancy rate (+1.7 point)

• (+) Cost of debt down to 2.3%

• (=) Stability of fair value

• (-) Impact of Banimmo (€-7.6 m)

  .EPRA EARNINGS (EXCLUDING BANIMMO) DOWN TO €11.7M .LTV STABLE AT 46.4% (-0.2 POINT) .CHANGE IN PORTFOLIO

• €22.6m acquisitions and refurbishments (potential rent: €2.5m)

• €17.9m disposals

• €54m pipeline of committed investments and controlled projects (annual potential rent: €4.1m)

  .EPRA NAV PER SHARE: €21.0 .EPRA NNNAV PER SHARE: €24.0 .DIVIDEND OF €1.0 PER SHARE (*)

• (*) Will be submitted to the vote of the General Meeting of 27 April 2017

Investments and disposals

€18m: Acquisitions

€5m: Developments & Refurbishments

Completion of Clichy

Euralille

Lyon - Tangram

Euralille

Bordeaux Quais des Marques

€48m: Commitments

€18m: Disposals

Meudon (turnkey)

Euronantes (turnkey), Euratechnologies (turnkey), Euralille

Miramas

Aix-les-Milles

Aix-en-Provence

Aulnay-sous-Bois