Financial results

Key figures

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

Operational key figures31.12.201831.12.201731.12.201631.12.201531.12.2014
Fair value of investment properties (000 €)866.504662.539610.944634.416609.476
Leasable space (m²)1.022.688794.896705.068717.073674.156
Yield* (%)7,4%7,3%7,6%7,9%7,6%
Yield if fully let* (%)7,9%8,4%8,3%8,8%8,8%
Average duration of lease agreements (up to first expiry date) (year)4,63,93,93,74,0
Occupancy rate (%)93%86%91%90%87%
Office to logistics real estate ratio40/6046/5449/5151/4955/45

* 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

2018

2017

201620152014
EPRA earnings (000 €)31.16827.43029.04430.85923.038

Result on portfolio 

(000 €)

4.561-7.363-10.009-5.465-6.404

Changes in fair value of financial assets and liabilities

(ineffective hedges) (000 €)

-1.6151.1191.547558-344

Net result

(000 €)

34.11421.18620.58225.95216.290
Weighted average number of shares19.176.98117.409.85016.784.52116.200.91114.672.873
Net result per share (€)1,781,221,231,601,11
EPRA earnings per share (€)1,631,581,751,901,57
Gross dividend per share (€)1,401,401,401,711,40
Balance sheet data31.12.201831.12.201731.12.201631.12.201531.12.2014
Shareholders’ equity (000 €)477.208359.366326.085321.736314.168
Liabilities (000 €)409.956320.052299.078326.663304.423
Debt ratio (%)43,5%44,6%45,7%48,2%46,6%
Number of shares at year-end24.288.99718.405.62416.784.52116.239.35016.143.906
Net value (fair value) per share (€)19,6219,5219,4319,8119,46
Share price (€)20,6022,4923,9024,3722,50
Premium (+) / discount (-) to net value (fair Value) (%)5%15%23%23%16%