Financial results

Key figures

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

Operational key figures30.09.2019 31.12.201831.12.201731.12.201631.12.2015
Fair value of investment properties (in millions €)925 867663611634
Leasable space (in thousands m²)1.054 1.023795705717
Yield on fair value available for lease* (%)7,2% 7,4%7,3%7,6%7,9%
Yield on fair value available for lease including estimated rental value on vacancy* (%)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 entire portfolio (%)91% 93%91%91%90%
Occupancy rate office portfolio (%)89% 88%85%86%85%
Occupancy rate logistics portfolio (%)93% 98%98%96%95%
Office to logistics real estate ratio38/62 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

30.09.2019 2018

2017

20162015
EPRA earnings (000 €)35.694 31.16827.43029.04430.859

Result on portfolio 

(000 €)

12.149 4.561-7.363-10.009-5.465

Changes in fair value of financial assets and liabilities

(ineffective hedges) (000 €)

-6.046 -1.6151.1191.547558

Net result - Group Share

(000 €)

41.797 34.11421.18620.58225.952
Weighted average number of shares24.469.630 19.176.98117.409.85016.784.52116.200.911
Net result per share (€)1,71 1,781,221,231,60
EPRA earnings per share (€)1,46 1,631,581,751,90
Gross dividend per share (€)- 1,401,401,401,71
Balance sheet data30.09.2019 31.12.201831.12.201731.12.201631.12.2015
Shareholders’ equity (000 €)500.469 477.208359.366326.085321.736
Liabilities (000 €)455.881 409.956320.052299.078326.663
Debt ratio (%)44,1% 43,5%44,6%45,7%48,2%
Number of shares at the end of the period24.657.003 24.288.99718.405.62416.784.52116.239.350
Net value (fair value) per share (€)20,27 19,6219,5219,4319,81
Share price (€)26,35 20,6022,4923,9024,37
Premium (+) / discount (-) to net value (fair Value) (%)30% 5%15%23%23%