| Rental income | 71.474 | | 65.056 | 61.303 | 66.143 | 47.920 |
| Rental-related expenses | -19 | | -148 | -51 | -166 | -53 |
| NET RENTAL INCOME | 71.455 | | 64.908 | 61.252 | 65.977 | 47.867 |
| Recovery of property charges | 1.249 | | 696 | 752 | 707 | 729 |
| Recovery of rental charges and taxes normally payable by tenants on let properties | 22.290 | | 13.528 | 13.643 | 13.462 | 9.919 |
| Costs payable by tenants and borne by the landlord for rental damage and refurbishment | -1.629 | | -361 | -698 | -774 | -529 |
| Rental charges and taxes normally payable by tenants on let properties | -22.290 | | -13.528 | -13.623 | -13.462 | -9.919 |
| Other rental-related income and expenses | 939 | | 716 | 460 | 1.198 | 606 |
| PROPERTY RESULT | 72.014 | | 65.959 | 61.786 | 67.108 | 48.673 |
| Technical costs | -931 | | -1.144 | -876 | -939 | -1.059 |
| Commercial costs | -432 | | -547 | -318 | -334 | -166 |
| Charges and taxes on unlet properties | -1.086 | | -893 | -892 | -672 | -587 |
| Property management costs | -4.926 | | -4.792 | -5.281 | -4.800 | -4.019 |
| Other property charges | -1.191 | | -1.007 | -1.162 | -784 | -563 |
| Property charges | -8.566 | | -8.383 | -8.529 | -7.529 | -6.394 |
| OPERATING PROPERTY RESULT | 63.448 | | 57.576 | 53.257 | 59.579 | 42.279 |
| General costs | -4.387 | | -3.836 | -4.085 | -3.777 | -2.749 |
| Other operating income and costs | -475 | | -310 | -254 | 89 | 24 |
| OPERATING RESULT BEFORE RESULT ON PORTFOLIO | 58.586 | | 53.430 | 48.918 | 55.891 | 39.554 |
| Result on disposals of investment properties | 478 | | 198 | 1.670 | 5.364 | 0 |
| Changes in fair value of investment properties | -26.106 | | 66.020 | 15.454 | 22.307 | 7.033 |
| Other result on portfolio | 3.920 | | -11.205 | -9.083 | -5.661 | -2.472 |
| OPERATING RESULT | 36.878 | | 108.443 | 56.959 | 77.901 | 44.115 |
| Financial income | 69 | | 59 | 67 | 77 | 45 |
| Net interest charges | -10.655 | | -7.094 | -7.955 | -8.543 | -8.039 |
| Other financial charges | -291 | | -50 | -36 | -35 | -11 |
| Changes in fair value of financial assets and liabilities (ineffective hedges) | 32.257 | | 4.217 | -2.311 | -3.065 | -1.615 |
| Financial result | 21.380 | | -2.868 | -10.235 | -11.566 | -9.620 |
| RESULT BEFORE TAXES | 58.258 | | 105.575 | 46.724 | 66.335 | 34.495 |
| Taxes | -978 | | -834 | -664 | -587 | -390 |
| NET RESULT | 57.280 | | 104.741 | 46.060 | 65.748 | 34.105 |
| Minority interests | 5.566 | | 6.641 | 2.629 | -17 | -9 |
| | | | | | | |
| NET RESULT - Group share | 51.714 | | 98.100 | 43.431 | 65.765 | 34.114 |
| Exclude: | | | | | | |
| - Result on disposals of investment properties | 478 | | 198 | 1.670 | 5.364 | 0 |
| - Changes in fair value of investment properties | -26.106 | | 66.020 | 15.454 | 22.307 | 7.033 |
| - Other result on portfolio | 3.920 | | -11.205 | -9.083 | -5.661 | -2.472 |
| - Changes in fair value of financial assets and liabilities | 32.257 | | 4.217 | -2.311 | -3.065 | -1.615 |
| - Minority interests regarding the above | -4.302 | | -6.306 | -2.654 | 0 | 0 |
| EPRA earnings | 45.467 | | 45.176 | 40.355 | 46.820 | 31.168 |
