Key information over five years

All amounts in € thousands, unless otherwise stated

Statement of financial position     
Total assets689,847615,525593,034527,071499,073
Total shareholders’ equity670,322605,784586,102521,508493,613
Total debt from credit institutions- - - - -
Performance per share     
Dividends (in €)115.68127.98140.48142.50133.99
Net earnings (in €)46.76203.1598.37180.75154.58
Net asset value IFRS (in €, at year-end)2,527.092,594.042,571.552,577.262,468.07
Net asset value INREV (in €, at year-end)2,544.132,608.412,587.762,585.682,478.74
Net result11,18547,14922,42136,57430,912
Total Expense Ratio (TER) *0.57%0.57%0.55%0.56%0.56%
Real Estate Expense Ratio (REER) *0.75%0.78%0.78%0.80%1.08%
Fund return (% ROE)     
Income return4.5%5.1%5.7%5.6%5.7%
Capital growth(2.7)%3.0%(1.5)%1.6%1.1%
Total Fund return1.8%8.1%4.2%7.2%6.8%
Portfolio figures     
Investment property446,309459,830474,978435,571483,514
Investment property under construction207,867146,94584,47768,8340
Gross initial yield7.0%6.9%6.7%6.6%6.6%
Total number of properties4139382222
Average monthly rent per square metre (in €)190210207204187
Financial occupancy rate (average)94.4%92.9%95.1%96.8%97.3%
Sustainability (A, B or C label)79.1%60.1%35.8%- -
Property performance (all properties)     
Direct property return5.3%5.9%6.3%6.5%6.4%
Indirect property return(2.6)%3.0%(1.5)%1.6%1.0%
Total property return2.7%8.9%4.8%8.1%7.40%
IPD Property Index retail real estate (all properties)     
Direct return IPD Property Index6.1%6.0%6.0%6.2%6.1%
Indirect return IPD Property Index(3.8)%(4.4)%(1.8)%1.4%1.6%
Total return IPD Property Index2.0%1.3%4.0%7.6%7.8%
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* The TER and REER are calculated based on the INREV Guidelines 2014 and the comparative figures have been restated accordingly

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