Financial results
Key figures
For a detailed calculation of the key figures see the lexicon and APM terminology document.
| Operational key figures | 30.09.2021 | 31.12.2020 | 31.12.2019 | 31.12.2018 | 31.12.2017 | |
|---|---|---|---|---|---|---|
| Fair value of investment properties (in millions €) | 1.115 | 1.018 | 893 | 867 | 663 | |
| Leasable space (in thousands m²) | 1.049 | 1.046 | 946 | 1.023 | 795 | |
| Yield on fair value available for lease* (%) | 6,6% | 6,9% | 7,2% | 7,4% | 7,3% | |
| Yield on fair value available for lease including estimated rental value on vacancy* (%) | 7,1% | 7,4% | 7,7% | 7,9% | 8,4% | |
| Average duration of lease agreements (up to first expiry date) (year) | 3,9 | 4,0 | 4,3 | 4,6 | 3,9 | |
| Occupancy rate entire portfolio (%) | 94% | 93% | 93% | 93% | 91% | |
| Occupancy rate office portfolio (%) | 87% | 88% | 90% | 88% | 85% | |
| Occupancy rate logistics portfolio (%) | 99% | 96% | 96% | 98% | 98% | |
| Office to logistics real estate ratio | 35/65 | 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 | 30.09.2021 | 30.09.2020 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
| EPRA earnings (000 €) | 33.766 | 29.475 | 40.355 | 46.820 | 31.168 | 27.430 | |
| Result on disposals of investment properties | 198 | 1.470 | 1.670 | 5.364 | 0 | 0 | |
| Changes in fair value of investment properties | 45.924 | 9.958 | 15.454 | 22.307 | 7.033 | -7.274 | |
| Other result on portfolio | -5.943 | -5.347 | -9.083 | -5.661 | -2.472 | -89 | |
| Changes in fair value of financial assets and liabilities | 1.771 | -2.345 | -2.311 | -3.065 | -1.615 | 1.119 | |
| Minority interests regarding the above | -1.878 | 0 | -2.654 | 0 | 0 | 0 | |
| Net result - Group Share (000 €) | 73.838 | 33.211 | 43.431 | 65.765 | 34.114 | 21.186 | |
| Weighted average number of shares | 25.875.874 | 25.051.126 | 25.164.126 | 24.516.858 | 19.176.981 | 17.409.850 | |
| Net result per share (€) | 2,85 | 1,33 | 1,73 | 2,68 | 1,78 | 1,22 | |
| EPRA earnings per share (€) | 1,30 | 1,18 | 1,6 | 1,91 | 1,63 | 1,58 | |
| Gross dividend per share (€) | - | - | 1,53 | 1,53 | 1,40 | 1,40 |
| Balance sheet data | 30.09.2021 | 31.12.2020 | 31.12.2019 | 31.12.2018 | 31.12.2017 | |
|---|---|---|---|---|---|---|
| Shareholders’ equity (000 €) | 607.129 | 554.414 | 524.433 | 477.208 | 359.366 | |
| Liabilities (000 €) | 548.802 | 493.579 | 394.430 | 409.956 | 320.052 | |
| Debt ratio (%) | 43% | 43% | 39,00% | 43,50% | 44,60% | |
| Number of shares at the end of the period | 26.300.908 | 25.500.672 | 24.657.003 | 24.288.997 | 18.405.624 | |
| Net value (fair value) per share (€) | 22,74 | 21,46 | 21,25 | 19,62 | 19,52 | |
| Share price (€) | 23,65 | 22,55 | 25,60 | 20,60 | 22,49 | |
| Premium (+) / discount (-) to net value (fair Value) (%) | 4% | 5% | 20% | 5% | 15% |