Financial results

Key figures

For a detailed calculation of the key figures see the lexicon and APM terminology document.

Operational key figures30.06.201731.12.201631.12.201531.12.201431.12.201331.12.2012
Fair value of investment properties (000 €)632.382610.944634.416609.476580.709581.280
Leasable space (m²)742.999705.068717.073674.156604.428614.308
Yield* (%)7,1%7,6%7,9%7,6%7,5%7,8%
Yield if fully let* (%)8,3%8,3%8,8%8,8%8,8%9,1%
Average duration of lease agreements (up to first expiry date) (year)3,93,93,94,03,94,3
Occupancy rate (%)85%91%90%87%86%86%
Office to logistics real estate ratio48/5249/5151/4955/4558/4261/39

*Yield is calculated as the ratio of contractual rents (whether or not increased by the estimated rental value of unoccupied rental premises) and the fair value of investment properties.

Financial results

30.06.2017

20162015201420132012
EPRA earnings (000 €)13.08729.04430.85923.03824.57424.826

Result on portfolio 

(000 €)

-5.157-10.009-5.465-6.4047.841-14.543

Changes in fair value of financial assets and liabilities

(ineffective hedges) (000 €)

7441.547558-3442.166-3.128

Net result

(000 €)

8.67420.58225.95216.29034.5817.155
Number of dividend-entitled shares17.740.40716.784.52116.239.35014.777.34214.424.98214.199.858
Net result per share (€)0,511,231,601,112,410,51
EPRA earnings per share (€)0,741,731,901,561,701,75
Gross dividend per share (€)/1,401,711,401,531,76
Balance sheet data30.06.201731.12.201631.12.201531.12.201431.12.201331.12.2012
Shareholders’ equity (000 €)333.084326.085321.736314.168286.521272.356
Borrowed capital (000 €)317.230299.078326.663304.423302.341321.721
Debt ratio (%)46,5%45,7%48,2%46,6%48,7%51,2%
Number of shares at year-end17.740.40716.784.52116.239.35016.143.90614.424.98214.199.858
Net value (fair value) per share (€)18,7819,4319,8119,4619,8619,18
Share price (€)22,4023,9024,3722,5019,4820,12
Premium (+) / discount (-) to net value (fair Value) (%)19%23%23%16%-2%5%