Q1 2023 trading update

NSI presents the results of Q1 2023. The highlights of the past quarter are:

• Review underway to map out fiscal, operational/strategic and capital options for a post-FBI environment 
• Pre-emptive fiscal restructuring prepared, in anticipation of prospective abolishment of FBI regime 
• Negative market momentum drives review of development pipeline (program, timing and funding) 
• Excellent balance sheet, with LTV at 26.4%; strong like-for-like gross rental income growth in Q1 at 5.2% 
• EPRA vacancy rate at 6.7% at Q1 2023, up 0.5% over the quarter