2014 at a glance

Key financial information

All amounts in € thousands unless otherwise stated

Portfolio highlights

  • Dividend return of 4.5%
  • Outperformance IPD Property Index (0.7%-point)
  • Continued high average financial occupancy rate of 94.4%
  • Acquisitions for a total of € 57.0 million
  • Investments under construction of € 207.9 million
  • New and extended lease contracts totalling 32,590 m2; rent value € 9.3 million
  • New lease contracts redevelopments totalling 27,616 m2; rent value € 10.4 million
  • Average remaining lease time of 6.8 years
  • Divestment part of the assets in Ede € 13.0 million
  • Like-for-like rent decrease of 2.5%
  • Rent in arrears of 2.2%
  • Secured pipeline of € 76.0 million
  • 79.1% green energy label (A, B or C label)
  • GRESB Green Star status two years ahead of schedule
Portfolio at a glance

Performance per share

Performance per share20142013
Dividends (in €)115.68127.98
Net earnings (in €)46.76203.15
Net asset value IFRS (in €, at year-end)2,527.092,594.04
Net asset value INREV (in €, at year-end)2,544.132,608.41

Statement of financial position

Statement of financial position20142013
Total assets689,847615,525
Total shareholders’ equity670,322605,784
Total debt from credit institutions- -

Result

Result20142013
Net result11,18547,149
Total Expense Ratio (TER)0.57%0.57%
Real Estate Expense Ratio (REER)0.75%0.78%

Fund return

* Since inception (5-year average)

Portfolio figures

 2,0142,013
Investment property446,309459,830
Investment property under construction207,867146,945
Gross initial yield7.0%6.9%
Total number of properties4139
Average monthly rent per square metre (in €)190210
Financial occupancy rate (average)94.4%92.9%
Sustainability (A, B or C label)79.1%60.1%
  • Share this article