Vesteda Annual Report 2025

10. Equity

The participation rights issued can be specified as follows:

Reserve

Fund equity

General paid in surplus

Property

Derivatives

Legal

Other

Total equity

As at 1 January 2024

35

1,166

2,726

(3)

4

2,464

6,392

Result for the year

-

-

866

-

-

261

1,127

Other comprehensive income

-

-

-

1

1

-

2

Total comprehensive income

-

-

866

1

1

261

1,129

Realised from property sales

-

-

(58)

-

-

58

-

Equity issued

1

90

-

-

-

-

91

Equity redemption

(1)

(140)

-

-

-

-

(141)

Distribution paid

-

(200)

-

-

-

-

(200)

As at 31 December 2024

35

916

3,535

(2)

5

2,783

7,271

As at 1 January 2025

35

916

3,535

(2)

5

2,783

7,271

Result for the year

-

-

522

-

-

299

821

Other comprehensive income

-

-

-

1

-

-

1

Total comprehensive income

-

-

522

1

-

299

822

Realised from property sales

-

-

(38)

-

-

38

-

Equity issued

-

75

-

-

-

-

75

Equity redemption

-

(125)

-

-

-

-

(125)

Distribution paid

-

(199)

-

-

-

-

(199)

Reclass

-

-

9

-

-

(9)

-

Rounding adjustment

-

-

-

-

1

(1)

-

As at 31 December 2025

35

667

4,027

(1)

6

3,110

7,844

In 2025, Vesteda paid out €125 million in redemptions, consisting of the payout of the Redemption Available Cash of €50 million and two secondary transaction for a total of €75 million.

Appropriation of result for 2024

The result for the year 2024, amounting to €1,127 million, has been appropriated to equity. This appropriation has been approved by the General Meeting of Participants held on 3 April 2025.

Proposals to investors

Proposed appropriation of result for 2025

The Management Board proposes that the profit for the year of €821 million be taken to equity. This proposal has been incorporated in the annual report.

Proposed distribution to participants

The Management Board proposes a distribution to participants of €213.0 million for the year 2025, of which €125.7 million was paid in the financial year 2025 and €41.9 million was paid in January 2026. The financial statements will be presented for adoption at the General Meeting of Participants on 2 April 2026. Following the adoption, the remaining €45.4 million will be paid as a final distribution for 2025.