Key information over five years

Statement of financial position

Total assets

5,793,075

4,783,924

4,016,566

3,170,333

2,727,725

Total shareholders’ equity

5,761,761

4,751,642

3,995,034

3,151,198

2,715,283

Total debt from credit institutions

-

-

-

-

-

Performance per share

Dividends (in €)

94.99

90.82

94.03

98.33

97.88

Net earnings (in €)

665.23

508.28

569.66

319.75

128.47

Net asset value IFRS (in €, at year-end)

4,280.93

3,710.00

3,290.91

2,823.04

2,602.68

Net asset value INREV (in €, at year-end)

4,286.07

3,714.31

3,295.61

2,823.04

2,602.68

Result

Net result

878,013

637,610

666,343

347,475

133,154

Total Expense Ratio (TER)

0.54%

0.53%

0.53%

0.53%

0.56%

Real Estate Expense Ratio (REER)

1.00%

1.26%

1.32%

1.40%

1.53%

Fund return

Income return

2.6%

2.8%

3.4%

3.8%

3.9%

Capital growth

15.6%

12.8%

17.1%

8.6%

1.2%

Total Fund return

18.1%

15.6%

20.5%

12.5%

5.1%

Portfolio figures

Investment property

5,185,923

4,143,094

3,547,470

2,833,309

2,561,354

Investment property under construction

558,704

463,040

353,078

205,579

65,896

Gross initial yield

4.1%

4.6%

5.1%

5.7%

6.0%

Total number of residential units

17,174

16,172

15,329

14,455

14,181

Average monthly rent per unit (in €)

1,055

1,020

1,001

966

927

Financial occupancy rate (average)

97.5%

97.8%

97.7%

97.6%

96.5%

Sustainability (A, B or C label)

98.0%

94.6%

93.3%

92.6%

92.3%

Property performance (all properties)

Direct property return

3.1%

3.3%

3.9%

4.5%

4.5%

Indirect property return

15.6%

13.0%

17.4%

8.9%

1.3%

Total property return

19.1%

16.7%

21.8%

13.7%

5.8%

MSCI (Netherlands Property Index) residential real estate (all properties)

Direct return MSCI (NPI)

3.4%

3.8%

4.2%

4.5%

4.5%

Indirect return MSCI (NPI)

14.7%

12.6%

10.6%

6.3%

0.6%