Financial results

Key figures

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

Operational key figures31.03.2019 31.12.201831.12.201731.12.201631.12.2015
Fair value of investment properties (000 €)890.604 866.504662.539610.944634.416
Leasable space (m²)1.040.717 1.022.688794.896705.068717.073
Yield* (%)7,3% 7,4%7,3%7,6%7,9%
Yield if fully let* (%)7,8% 7,9%8,4%8,3%8,8%
Average duration of lease agreements (up to first expiry date) (year)  4,63,93,93,7
Occupancy rate (%)93% 93%86%91%90%
Office to logistics real estate ratio39/61 40/6046/5449/5151/49

 

* 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 share

31.03.2019 2018

2017

20162015
EPRA earnings (000 €)9.202 31.16827.43029.04430.859

Result on portfolio 

(000 €)

1.310 4.561-7.363-10.009-5.465

Changes in fair value of financial assets and liabilities

(ineffective hedges) (000 €)

-1.955 -1.6151.1191.547558

Net result

(000 €)

8.557 34.11421.18620.58225.952
Weighted average number of shares24.288.997 19.176.98117.409.85016.784.52116.200.911
Net result per share (€)0,35 1,781,221,231,60
EPRA earnings per share (€)0,38 1,631,581,751,90
Gross dividend per share (€)  1,401,401,401,71
Balance sheet data31.03.2019 31.12.201831.12.201731.12.201631.12.2015
Shareholders’ equity (000 €)485.762 477.208359.366326.085321.736
Liabilities (000 €)437.924 409.956320.052299.078326.663
Debt ratio (%)44,1% 43,5%44,6%45,7%48,2%
Number of shares at year-end24.288.997 24.288.99718.405.62416.784.52116.239.350
Net value (fair value) per share (€)19,98 19,6219,5219,4319,81
Share price (€)24,05 20,6022,4923,9024,37
Premium (+) / discount (-) to net value (fair Value) (%)20% 5%15%23%23%