Key information in 2018 All amounts in € thousands unless otherwise stated Highlights 2018€ 66 million invested; € 2 million soldOne new investor as of July 2018Fifteen properties acquired, one development completed and two properties soldTwo redevelopments in the portfolio in progress; completions are expected in 2019New and extended lease contracts for a total of 32,022 m²; rental value € 6.0 million per year84.0% of the shopping centres BREEAM-NL In-use certified Performance per share Performance per share20182017Dividends (in €)118.16117.77Net earnings (in €)147.75190.59Net asset value IFRS (in €, at year-end)2,766.602,717.59Net asset value INREV (in €, at year-end)2,789.932,739.67 Statement of financial position Statement of financial position20182017Total assets981,296898,815Total shareholders’ equity969,680888,896Total debt from credit institutions-- Result Result20182017Net result48,67561,059Total Expense Ratio (TER)0.53%0.53%Real Estate Expense Ratio (REER)0.86%0.79% Fund return PERCENTAGE Total fund return 2018: 5.6% Total fund return 2017: 7.8% Property performance (all properties) Portfolio movements Financial occupancy rate Portfolio figures Portfolio figures20182017Investment property (in € 1,000)945,586864,868Investment property under construction (in € 1,000)12,89811,941Gross initial yield5.5%5.7%Total number of properties6349Average rent per square metre per year (in €)229234Financial occupancy rate (average)95.2%95.6%Sustainability (A, B or C label)95.6%98.8%