| Rental income | 81.081 | | 71.474 | 65.056 | 61.303 | 66.143 |
| Rental-related expenses | -76 | | -19 | -148 | -51 | -166 |
| NET RENTAL INCOME | 81.005 | | 71.455 | 64.908 | 61.252 | 65.977 |
| Recovery of property charges | 1.163 | | 1.249 | 696 | 752 | 707 |
| Recovery of rental charges and taxes normally payable by tenants on let properties | 23.979 | | 22.290 | 13.528 | 13.643 | 13.462 |
| Costs payable by tenants and borne by the landlord for rental damage and refurbishment | -1.138 | | -1.629 | -361 | -698 | -774 |
| Rental charges and taxes normally payable by tenants on let properties | -23.979 | | -22.290 | -13.528 | -13.623 | -13.462 |
| Other rental-related income and expenses | 918 | | 939 | 716 | 460 | 1.198 |
| PROPERTY RESULT | 81.947 | | 72.014 | 65.959 | 61.786 | 67.108 |
| Technical costs | -1.112 | | -931 | -1.144 | -876 | -939 |
| Commercial costs | -286 | | -432 | -547 | -318 | -334 |
| Charges and taxes on unlet properties | -1.688 | | -1.086 | -893 | -892 | -672 |
| Property management costs | -6.529 | | -4.926 | -4.792 | -5.281 | -4.800 |
| Other property charges | -1.370 | | -1.191 | -1.007 | -1.162 | -784 |
| Property charges | -10.984 | | -8.566 | -8.383 | -8.529 | -7.529 |
| OPERATING PROPERTY RESULT | 70.963 | | 63.448 | 57.576 | 53.257 | 59.579 |
| General costs | -10.436 | | -4.387 | -3.836 | -4.085 | -3.777 |
| Other operating income and costs | -903 | | -475 | -310 | -254 | 89 |
| OPERATING RESULT BEFORE RESULT ON PORTFOLIO | 59.624 | | 58.586 | 53.430 | 48.918 | 55.891 |
| Result on disposals of investment properties | -4.733 | | 478 | 198 | 1.670 | 5.364 |
| Changes in fair value of investment properties | -810 | | -26.106 | 66.020 | 15.454 | 22.307 |
| Other result on portfolio | -2.793 | | 3.920 | -11.205 | -9.083 | -5.661 |
| OPERATING RESULT | 51.287 | | 36.878 | 108.443 | 56.959 | 77.901 |
| Financial income | 1.612 | | 69 | 59 | 67 | 77 |
| Net interest charges | -20.537 | | -10.655 | -7.094 | -7.955 | -8.543 |
| Other financial charges | -627 | | -291 | -50 | -36 | -35 |
| Changes in fair value of financial assets and liabilities (ineffective hedges) | 16.860 | | 32.257 | 4.217 | -2.311 | -3.065 |
| Financial result | -36.413 | | 21.380 | -2.868 | -10.235 | -11.566 |
| RESULT BEFORE TAXES | 14.875 | | 58.258 | 105.575 | 46.724 | 66.335 |
| Taxes | -1.399 | | -978 | -834 | -664 | -587 |
| NET RESULT | 13.475 | | 57.280 | 104.741 | 46.060 | 65.748 |
| Minority interests | 7.558 | | 5.566 | 6.641 | 2.629 | -17 |
| | | | | | | |
| NET RESULT - Group share | 5.918 | | 51.714 | 98.100 | 43.431 | 65.765 |
| Exclude: | | | | | | |
| - Result on disposals of investment properties | -4.733 | | 478 | 198 | 1.670 | 5.364 |
| - Changes in fair value of investment properties | -810 | | -26.106 | 66.020 | 15.454 | 22.307 |
| - Other result on portfolio | -2.793 | | 3.920 | -11.205 | -9.083 | -5.661 |
| - Changes in fair value of financial assets and liabilities | -16.860 | | 32.257 | 4.217 | -2.311 | -3.065 |
| - Minority interests regarding the above | -6.286 | | -4.302 | -6.306 | -2.654 | 0 |
| EPRA earnings | 37.401 | | 45.467 | 45.176 | 40.355 | 46.820 |
