Financial results

Key figures

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

Operational key figures31.03.2022 31.12.202131.12.202031.12.201931.12.2018
Fair value of investment properties (in millions €)1.256 1.2091.018893867
Leasable space (in thousands m²)1.134 1.1111.0469461.023
Yield on fair value available for lease* (%)6,1% 6,4%6,9%7,2%7,4%
Yield on fair value available for lease including estimated rental value on vacancy* (%)6,7% 6,8%7,4%7,7%7,9%
Average duration of lease agreements (up to first expiry date) (year)4,4 4,344,34,6
Occupancy rate entire portfolio (%)91% 94%93%93%93%
Occupancy rate office portfolio (%)82% 87%88%90%88%
Occupancy rate logistics portfolio (%)97% 100%96%96%98%
Office to logistics real estate ratio31/69 32/6837/6339/6140/60

* 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 share31.03.202231.03.2021 2021202020192018
EPRA earnings (000 €)13.3349.653 45.17640.35546.82031.168
Result on disposals of investment properties00 1981981.6705.364
Changes in fair value of investment properties11.44422.385 66.02066.02015.45422.307
Other result on portfolio-3.223-3.407 -11.205-11.205-9.083-5.661
Changes in fair value of financial assets and liabilities11.6481.532 4.2174.217-2.311-3.065
Minority interests regarding the above-101-163 -6.306-6.306-2.6540
Net result - Group Share (000 €)33.10230.000 98.10043.43165.76534.114
Weighted average number of shares26.300.90825.500.672 25.983.00625.164.12624.516.85819.176.981
Net result per share (€)1,261,18 3,781,732,681,78
EPRA earnings per share (€)0,510,36 1,741,61,911,63
Gross dividend per share (€)-- 1,531,531,531,40
Balance sheet data31.03.2022 31.12.202131.12.202031.12.201931.12.2018
Shareholders’ equity (000 €)670.121 636.535554.414524.433477.208
Liabilities (000 €)634.165 600.422493.579394.430409.956
Debt ratio (%)45% 45%42,99%39,00%43,50%
Number of shares at the end of the period26.300.908 26.300.90825.500.67224.657.00324.288.997
Net value (fair value) per share (€)24,94 23,6721,4621,2519,62
Share price (€)27,35 28,2022,5525,6020,60
Premium (+) / discount (-) to net value (fair Value) (%)10% 19%5%20%5%