Financial results

Key figures

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

Operational key figures30.09.2021 31.12.202031.12.201931.12.201831.12.2017
Fair value of investment properties (in millions €)1.115 1.018893867663
Leasable space (in thousands m²)1.049 1.0469461.023795
Yield on fair value available for lease* (%)6,6% 6,9%7,2%7,4%7,3%
Yield on fair value available for lease including estimated rental value on vacancy* (%)7,1% 7,4%7,7%7,9%8,4%
Average duration of lease agreements (up to first expiry date) (year)3,9 4,04,34,63,9
Occupancy rate entire portfolio (%)94% 93%93%93%91%
Occupancy rate office portfolio (%)87% 88%90%88%85%
Occupancy rate logistics portfolio (%)99% 96%96%98%98%
Office to logistics real estate ratio35/65 37/6339/6140/6046/54

 

* 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 - Group share30.09.202130.09.2020 2020201920182017
EPRA earnings (000 €)33.76629.475 40.35546.82031.16827.430
Result on disposals of investment properties1981.470 1.6705.36400
Changes in fair value of investment properties45.9249.958 15.45422.3077.033-7.274
Other result on portfolio-5.943-5.347 -9.083-5.661-2.472-89
Changes in fair value of financial assets and liabilities1.771-2.345 -2.311-3.065-1.6151.119
Minority interests regarding the above-1.8780 -2.654000
Net result - Group Share (000 €)73.83833.211 43.43165.76534.11421.186
Weighted average number of shares25.875.87425.051.126 25.164.12624.516.85819.176.98117.409.850
Net result per share (€)2,851,33 1,732,681,781,22
EPRA earnings per share (€)1,301,18 1,61,911,631,58
Gross dividend per share (€)-- 1,531,531,401,40
Balance sheet data30.09.2021 31.12.202031.12.201931.12.201831.12.2017
Shareholders’ equity (000 €)607.129 554.414524.433477.208359.366
Liabilities (000 €)548.802 493.579394.430409.956320.052
Debt ratio (%)43% 43%39,00%43,50%44,60%
Number of shares at the end of the period26.300.908 25.500.67224.657.00324.288.99718.405.624
Net value (fair value) per share (€)22,74 21,4621,2519,6219,52
Share price (€)23,65 22,5525,6020,6022,49
Premium (+) / discount (-) to net value (fair Value) (%)4% 5%20%5%15%