Composition of the property portfolio

Property assets

Amounts in EUR x Million	Book value
Investment property	4,505
Assets held for sale	0
	4,505

Assets under construction	335

Total	4,839

Composition of the portfolio

Amounts in EUR x Million	Number of homes	Book value
Residential portfolio (individually rented)	11,181	4,434
Commercial/other	-	71
Total	11,181	4,505

Composition of the residential portfolio by type

Amounts in EUR x Million	Number of homes	Book value
Single-family	3,405	1,325
Multi-family	7,776	3,180
Total	11,181	4,505

Composition of the residential portfolio by region*

Amounts in EUR x Million	Number of homes	Book value
Amsterdam & Utrecht	3,478	1,599
Rotterdam & The Hague	1,957	791
Randstad - North Wing - Satellites	1,833	700
Bandstad - Regional Cities	1,489	532
Randstad - South Wing - Satellites	1,159	436
Bandstad - Remainder	388	136
Remaining Economic Centres	400	131
Bandstad - Satellites	218	83
Bandstad - Remainder	117	42
Randstad - North Wing - Remainder	107	41
Remaining Regions	35	14
Total	11,181	4,505

^{Region *}
^{Randstad - North Wing:}
^{- Amsterdam and Utrecht}
^{- Satellite cities, including Almere, Amersfoort, Haarlem, and IJsselstein.}
^{- Remainder, including Blaricum, Uithoorn and Veenendaal.}
^{Randstad –South Wing:}
^{- Rotterdam and The Hague}
^{- Satellite cities, including Berkel en Rodenrijs, Delft, Leiden,and Nootdorp.}
^{- Remainder, including Alphen aan denRijn, Barendrecht, and Gouda.}

^Bandstad:
^{- 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	Book value
Low-priced	385	155
Mid-priced	3,033	1,222
Free market low	4,751	1,914
Free market high	3,012	1,214
	11,181	4,505

_{Excluding e.g. parking lots and indoor storage.}

Yield according to the MSCI Residential Index

	ARC Fund total	MSCI Total	ARC Fund SI**	MSCI SI**
Income return 2025	3.4%	3.2%	3.4%	3.3%
Capital growth 2025	7.7%	6.9%	7.1%	6.5%
Total return 2025	11.3%	10.2%	10.7%	9.9%

Income return 3 year average	3.4%	3.2%	3.5%	3.3%
Capital growth 3 year average	3.0%	1.8%	2.7%	1.7%
Total return 3 year average	6.6%	5.0%	6.3%	5.1%

Income return 5 year average	3.3%	3.0%	3.4%	3.2%
Capital growth 5 year average	3.3%	3.2%	3.1%	3.1%
Total return 5 year average	6.8%	6.3%	6.5%	6.4%

Income return 7 year average	3.4%	3.0%	3.4%	3.2%
Capital growth 7 year average	4.9%	4.5%	3.9%	4.1%
Total return 7 year average	8.4%	7.6%	7.4%	7.5%

Income return 10 year average	3.6%	3.3%	3.6%	3.5%
Capital growth 10 year average	7.0%	6.8%	5.8%	6.2%
Total return 10 year average	10.8%	10.3%	9.6%	9.9%

** SI = Standing investments

Composition of the committed pipeline by residential type

Amounts in EUR x Million	Number of homes	Investment (expected)
Single-family	-	-
Multi-family	1,080	417
Total	1,080	417

Composition of the committed pipeline by region*

Amounts in EUR x Million	Number of homes	Investment (expected)
Rotterdam & The Hague	476	199
Amsterdam & Utrecht	322	119
Randstad - North Wing - Satellites	72	24
Randstad - South Wing - Satellites	210	75
Bandstad - Regional Cities	-	-
Total	1,080	417

^{Region *}
^{Randstad: 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)}
^Bandstad^{- Urban regions of Zwolle, Groningen and Deventer}
^{Remaining Regions}^{- Remaining regions}

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Key figures 2025

Materiality matrix and material themes