Key information in 2018 All amounts in € thousands unless otherwise stated Highlights 2018€ 90 million invested, no divestmentsNo new investors in 2018Acquisition of new office development project Central Park, UtrechtLong-term lease renewal of major lease for Centre Court (The Hague) Total of new and renewed leases for 68,305 m2 with an annual rent of € 14,374,925Cultural Heritage Agency approval of Masterplan for WTC RotterdamImproved control of redevelopment projects Building 1931 and Building 1962 in Amsterdam Performance per share Performance per share20182017Dividends (in €)52.9859.81Net earnings (in €)266.98277.97Net asset value IFRS (in €, at year-end)2,506.332,295.87Net asset value INREV (in €, at year-end)2,511.102,306.55 Statement of financial position Statement of financial position20182017Total assets782,645644,945Total shareholders’ equity771,241631,446Total debt from credit institutions-- Result Result20182017Net result75,96271,746Total Expense Ratio (TER)0.55%0.54%Real Estate Expense Ratio (REER)2.51%3.20% Fund return PERCENTAGE Created with Highcharts 3.0.102018 5-year average 2.33.79.22.2Income returnCapital growth-2024681012 Total fund return 2018: 11.5% Total fund return 2017: 13.1% Property performance (all properties) Portfolio movements Financial occupancy rate Created with Highcharts 3.0.1020182017201620152014Portfolio performancePERCENTAGE3.03.64.54.96.64.24.95.56.06.710.011.02.4(3.4)(5.3)10.67.64.0(2.2)(3.5)13.314.97.01.41.315.212.89.73.73.0(10)(8)(6)(4)(2)02468101214161820Direct property return Office FundDirect property return MSCI NPIIndirect property return Office FundIndirect property return MSCI NPITotal property return Office FundTotal property return MSCI NPI Portfolio figures Portfolio figures20182017Investment property (in € 1,000)536,054468,661Investment property under construction (in € 1,000)210,857127,432Gross initial yield6.8%8.0%Total number of properties1817Average rent per square metre per year (in €)177180Financial occupancy rate (average)89.2%86.3%Sustainability (A, B or C label)73.0%73.1%