German High Street A/S Properties: Annual results for 2024

NASDAQ OMX COPENHAGEN A/S

Charlottenlund, March 28, 2025

Announcement no. 273

Annual results for 2024

The Board of Directors today adopted the annual report for 2024.

• The result of the group to continue the activities before the tax was elevated to -0.1 million EUR (-8 million EUR in 2023). The management believes that the result is satisfactory, given the current economic conditions and market conditions in Germany.
• The result of the Group of Continuous Activities before the value adjustment and the tax was elevated to EUR 0.1 million (EUR 0.3 million in 2023), which is in accordance with the latest expectations of 0.1 – 0.3 million EUR, announced in the annual report 2023, as well as in the provisional report for quarter 3 2024.
• The revenues of the group for continuous activities amounted to EUR 4.7 million (EUR 4.5 million in 2023).
• The negative adjustment of the fair value of the investment properties of the German properties was elevated to -0.2 million EUR (-7 million EUR in 2023) announced in stock exchange no. 272 of February 27, 2025.
• As of December 31, 2024, the total capital of the group was elevated to EUR 63.1 million (EUR 57.7 million in 2023), corresponding to an equity report of 64.6% (equity report of 56.5% in 2023). The equity increased from January 1 to December 31, 2024, mainly due to the increase in capital of 5.9 million net EUR, announced in stock exchange no. 267 of September 24, 2024.
• The management is expected in fiscal year 2025 a result before adjusting the value and the tax in the range between 0.3 – 0.7 million EUR.

The General Assembly will take place on April 30, 2025.

Any questions can be directed to the undersigned at +45 8110 0800.

With esteem the German street properties a/s

Hans Thygesen
President of the Board of Directors