Key information over five years

Statement of financial position

Total assets

981,296

898,815

832,920

747,515

689,847

Total shareholders’ equity

969,680

888,896

824,201

738,335

670,322

Total debt from credit institutions

-

-

-

-

-

Performance per share

Dividends (in €)

118.16

117.77

114.76

108.84

115.68

Net earnings (in €)

147.75

190.59

215.61

116.48

46.76

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

2,766.60

2,717.59

2,640.21

2,537.12

2,527.09

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

2,789.93

2,739.67

2,650.14

2,547.83

2,544.13

Result

Net result

48,675

61,059

64,250

32,150

11,185

Total Expense Ratio (TER)

0.5%

0.5%

0.5%

0.5%

0.6%

Real Estate Expense Ratio (REER)

0.9%

0.8%

0.8%

0.9%

0.8%

Fund return

Income return

3.6%

4.5%

4.6%

4.4%

4.5%

Capital growth

2.0%

3.3%

3.9%

0.1%

(2.7)%

Total Fund return

5.6%

7.8%

8.4%

4.5%

1.8%

Portfolio figures

Investment property

945,586

864,868

765,613

526,093

446,309

Investment property under construction

12,898

11,941

12,711

193,051

207,867

Gross initial yield

5.5%

5.7%

5.8%

6.8%

7.0%

Total number of properties

63

49

47

42

41

Average monthly rent per square metre (in €)

229

234

233

225

219

Financial occupancy rate (average)

95.2%

95.6%

94.7%

94.2%

94.4%

Sustainability (A, B or C label)

95.6%

98.8%

85.2%

82.2%

79.1%

Property performance (all properties)

Direct property return

5.0%

5.2%

5.2%

5.0%

5.3%

Indirect property return

1.9%

2.8%

4.1%

0.3%

(2.6)%

Total property return

7.0%

8.0%

9.3%

5.3%

2.7%

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

Direct return MSCI (NPI)

4.9%

5.3%

5.3%

5.9%

6.0%

Indirect return MSCI (NPI)

0.1%

0.4%

(1.5)%

(1.9)%

(4.0)%