Rents landed at EUR 343.1m, up 6.3% YoY on a LfL.Contained portfolio valuation at +0.2% LfL vs December end, with clear polarisation between central and less central locations ongoing.Net recurrent income growth guidance reiterated to range between +5.5 to +6.5% in 2024, or ranging from EUR 6.35 to 6.40 per share as a result of solid rental performance and balance sheet control.We maintain our ‘Hold' rating and adjust our TP from EUR 116.00 to EUR 108.00 based on our relative valuation methodology and a higher WACC.The company hosts a conference call today at 10:00 CET.
