Financial results
Key figures
For a detailed calculation of the key figures see the lexicon and APM terminology document.
| Operational key figures | 31.03.2018 | 31.12.2017 | 31.12.2016 | 31.12.2015 | 31.12.2014 |
|---|---|---|---|---|---|
| Fair value of investment properties (000 €) | 666.869 | 662.539 | 610.944 | 634.416 | 609.476 |
| Leasable space (m²) | 794.896 | 794.896 | 705.068 | 717.073 | 674.156 |
| Yield* (%) | 7,3% | 7,6% | 7,9% | 7,6% | |
| Yield if fully let* (%) | 8,4% | 8,3% | 8,8% | 8,8% | |
| Average duration of lease agreements (up to first expiry date) (year) | 3,9 | 3,9 | 3,7 | 4,0 | |
| Occupancy rate (%) | 86%** | 86%** | 91% | 90% | 87% |
| Office to logistics real estate ratio | 46/54 | 46/54 | 49/51 | 51/49 | 55/45 |
* 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.
** Without the Greenhouse BXL redevelopment project the occupancy rate amounts to 91%.
Financial results | Q1 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|
| EPRA earnings (000 €) | 6.696 | 27.430 | 29.044 | 30.859 | 23.038 |
Result on portfolio (000 €) | 2.230 | -7.363 | -10.009 | -5.465 | -6.404 |
Changes in fair value of financial assets and liabilities (ineffective hedges) (000 €) | 243 | 1.119 | 1.547 | 558 | -344 |
Net result (000 €) | 9.169 | 21.186 | 20.582 | 25.952 | 16.290 |
| Weighted average number of shares | 18.405.624 | 17.409.850 | 16.784.521 | 16.200.911 | 14.672.873 |
| Net result per share (€) | 0,50 | 1,22 | 1,23 | 1,60 | 1,11 |
| EPRA earnings per share (€) | 0,36 | 1,58 | 1,75 | 1,90 | 1,57 |
| Gross dividend per share (€) | 0,35 | 1,40 | 1,40 | 1,71 | 1,40 |
| Balance sheet data | 31.03.2018 | 31.12.2017 | 31.12.2016 | 31.12.2015 | 31.12.2014 |
|---|---|---|---|---|---|
| Shareholders’ equity (000 €) | 368.535 | 359.366 | 326.085 | 321.736 | 314.168 |
| Liabilities (000 €) | 326.051 | 320.052 | 299.078 | 326.663 | 304.423 |
| Debt ratio (%) | 43,7% | 44,6% | 45,7% | 48,2% | 46,6% |
| Number of shares at year-end | 18.405.624 | 18.405.624 | 16.784.521 | 16.239.350 | 16.143.906 |
| Net value (fair value) per share (€) | 20,02 | 19,52 | 19,43 | 19,81 | 19,46 |
| Share price (€) | 23,05 | 22,49 | 23,90 | 24,37 | 22,50 |
| Premium (+) / discount (-) to net value (fair Value) (%) | 15% | 15% | 23% | 23% | 16% |