Composition of the property portfolio

Property assets

Amounts in EUR x Million	Book value
Investment property	3,956
Assets held for sale	16
	3,972

Assets under construction	439

Total	4,411

Composition of the portfolio

Amounts in EUR x Million	Number of homes	Bookvalue
Residential portfolio (individually rented)	11,010	3,899
Commercial/other	-	72
Total	11,010	3,971

Composition of the residential portfolio by type

Amounts in EUR x Million	Number of homes	Bookvalue
Single-family	3,550	1,207
Multi-family	7,460	2,692
Total	11,010	3,899

Composition of the residential portfolio by region*

Amounts in EUR x Million	Number of homes	Bookvalue
Central Circle - East - Regional Cities	1,546	487,517
Central Circle - East - Remainder	211	59,450
Central Circle - East - Satellites	296	92,568
Central Circle - North Wing - Remainder	107	36,040
Central Circle - North Wing - Satellites	1,646	578,022
Central Circle - North Wing: Amsterdam & Utrecht	3,051	1,261,880
Central Circle - South Wing - Remainder	547	168,993
Central Circle - South Wing - Satellites	1,127	374,793
Central Circle - South Wing: Rotterdam & The Hague	1,937	680,660
Regional Economic Centres	494	144,621
Remaining Regions	48	14,700
Total	11,010	3,899,244

^{Region *
Central Circle - North Wing:}^{- Amsterdam and Utrecht
- Satellite cities, including Almere, Amersfoort, Haarlem, and IJsselstein.
- Remainder, including Blaricum, Uithoorn and Veenendaal.}^{Central Circle –South Wing:}^{- Rotterdam and The Hague
- Satellite cities, including Berkel en Rodenrijs, Delft, Leiden,and Nootdorp.
- Remainder, including Alphen aan denRijn, Barendrecht, and Gouda.}^{Central Circle East:}^{- Regional cities: Eindhoven, Breda, Tilburg, 's-Hertogenbosch, Arnhem, Nijmegen, Apeldoorn, Ede.
- Satellite cities, including Elst, Nuenen, and Oosterhout.
- Remainder, including Culemborg, Geldermalsen, and Velp}^{National Periphery:}^{- Regional Economic Centres: Groningen, Leeuwarden, Zwolle, Deventer, Enschede.
- Remaining Regions}

Composition of the residential portfolio by rent class

Amounts in EUR x Million	Number of homes	Bookvalue
High	1,510	660
Low	363	92
Mid	9,059	2,959
Grand Total	10,932	3,711

Yield according to the MSCI Residential Index

	ARC Fund total	MSCI Total	ARC Fund SI**	MSCI SI**
Income return 2022	3.1%	2.6%	3.1%	2.8%
Capital growth 2022	(1.7%)	(1.0%)	(2.2%)	(1.1%)
Total return 2022	1.3%	1.6%	0.9%	1.7%

Income return 3 year average	3.2%	2.8%	3.2%	3.0%
Capital growth 3 year average	4.7%	5.3%	3.9%	4.9%
Total return 3 year average	8.0%	8.2%	7.2%	8.1%

Income return 5 year average	3.4%	3.0%	3.4%	3.2%
Capital growth 5 year average	7.8%	8.1%	6.3%	7.5%
Total return 5 year average	11.5%	11.3%	9.9%	10.9%

** SI = Standing investments

Composition of the committed pipeline by residential type

Amounts in EUR x Million	Number of homes	Bookvalue
Single-family	42	12
Multi-family	2,491	952
Total	2,533	965

Composition of the committed pipeline by region*

Amounts in EUR x Million	Number of homes	Bookvalue
Rotterdam & The Hague	818	354
Amsterdam & Utrecht	645	245
Central Circle - North Wing - Satellites	544	200
Central Circle - South Wing - Satellites	295	105
Central Circle - East - Regional Cities	231	60
Total	2,533	965

^{Region *}
^{Central Circle: Big Four}^{- Four largest centres in the Netherlands (Amsterdam, Utrecht, The Hague and Rotterdam) and their suburbs Central Circle: Remainder - Remaining urban regions in the Randstad, Brabant and Gelderland (including, Leiden, Delft, Arnhem, Nijmegen, ‘s-Hertogenbosch and Eindhoven)}
^{Regional Economic Centrals}^{- Urban regions of Zwolle, Groningen and Deventer}
^{Remaining Regions}^{- Remaining regions}