Financial results
Key figures
For a detailed calculation of the key figures see the lexicon and APM terminology document.
| Operational key figures | 31.03.2021 | 31.12.2020 | 31.12.2019 | 31.12.2018 | 31.12.2017 |
|---|---|---|---|---|---|
| Fair value of investment properties (in millions €) | 1.045 | 1.018 | 893 | 867 | 663 |
| Leasable space (in thousands m²) | 1.046 | 1.046 | 946 | 1.023 | 795 |
| Yield on fair value available for lease* (%) | 6,8% | 6,9% | 7,2% | 7,4% | 7,3% |
| Yield on fair value available for lease including estimated rental value on vacancy* (%) | 7,3% | 7,4% | 7,7% | 7,9% | 8,4% |
| Average duration of lease agreements (up to first expiry date) (year) | 3,8 | 4,0 | 4,3 | 4,6 | 3,9 |
| Occupancy rate entire portfolio (%) | 93% | 93% | 93% | 93% | 91% |
| Occupancy rate office portfolio (%) | 88% | 88% | 90% | 88% | 85% |
| Occupancy rate logistics portfolio (%) | 96% | 96% | 96% | 98% | 98% |
| Office to logistics real estate ratio | 37/63 | 37/63 | 39/61 | 40/60 | 46/54 |
* 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 share | 31.03.2021 | 31.03.2020 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|
| EPRA earnings (000 €) | 9.653 | 8.908 | 40.355 | 46.820 | 31.168 | 27.430 |
| Result on disposals of investment properties | 0 | -16 | 1.670 | 5.364 | 0 | 0 |
| Changes in fair value of investment properties | 22.385 | 7.151 | 15.454 | 22.307 | 7.033 | -7.274 |
| Other result on portfolio | -3.407 | -1.625 | -9.083 | -5.661 | -2.472 | -89 |
| Changes in fair value of financial assets and liabilities | 1.532 | -1.160 | -2.311 | -3.065 | -1.615 | 1.119 |
| Minority interests regarding the above | -163 | 0 | -2.654 | 0 | 0 | 0 |
| Net result - Group Share (000 €) | 30.000 | 13.258 | 43.431 | 65.765 | 34.114 | 21.186 |
| Weighted average number of shares | 25.500.672 | 24.657.003 | 25.164.126 | 24.516.858 | 19.176.981 | 17.409.850 |
| Net result per share (€) | 1,18 | 0,54 | 1,73 | 2,68 | 1,78 | 1,22 |
| EPRA earnings per share (€) | 0,38 | 0,36 | 1,6 | 1,91 | 1,63 | 1,58 |
| Gross dividend per share (€) | - | - | 1,53 | 1,53 | 1,40 | 1,40 |
* Subject to approval by the annual general meeting to be held in 2021.
| Balance sheet data | 31.03.2021 | 31.12.2020 | 31.12.2019 | 31.12.2018 | 31.12.2017 |
|---|---|---|---|---|---|
| Shareholders’ equity (000 €) | 584.992 | 554.414 | 524.433 | 477.208 | 359.366 |
| Liabilities (000 €) | 499.275 | 493.579 | 394.430 | 409.956 | 320.052 |
| Debt ratio (%) | 41% | 43% | 39,00% | 43,50% | 44,60% |
| Number of shares at the end of the period | 25.500.672 | 25.500.672 | 24.657.003 | 24.288.997 | 18.405.624 |
| Net value (fair value) per share (€) | 22,65 | 21,46 | 21,25 | 19,62 | 19,52 |
| Share price (€) | 21,15 | 22,55 | 25,60 | 20,60 | 22,49 |
| Premium (+) / discount (-) to net value (fair Value) (%) | -7% | 5% | 20% | 5% | 15% |