Financial results

Key figures

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

Operational key figures31.03.2020 31.12.201931.12.201831.12.201731.12.2016
Fair value of investment properties (in millions €)932 893867663611
Leasable space (in thousands m²)978 9461.023795705
Yield on fair value available for lease* (%)6,9% 7,2%7,4%7,3%7,6%
Yield on fair value available for lease including estimated rental value on vacancy* (%)7,6% 7,7%7,9%8,4%8,3%
Average duration of lease agreements (up to first expiry date) (year)  4,34,63,93,9
Occupancy rate entire portfolio (%)91% 93%93%91%91%
Occupancy rate office portfolio (%)89% 90%88%85%86%
Occupancy rate logistics portfolio (%)93% 96%98%98%96%
Office to logistics real estate ratio38/62 39/6140/6046/5449/51

 

* 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

31.03.202031.03.2019 20192018

2017

2016
EPRA earnings (000 €)8.9089.202 46.82031.16827.43029.044

Result on portfolio 

(000 €)

5.5101.310 22.0104.561-7.363-10.009

Changes in fair value of financial assets and liabilities

(ineffective hedges) (000 €)

-1.160-1.955 -3.065-1.6151.1191.547

Net result - Group Share

(000 €)

13.2588.557 65.76534.11421.18620.582
Weighted average number of shares24.657.00324.288.997 24.516.85819.176.98117.409.85016.784.521
Net result per share (€)0,540,35 2,681,781,221,23
EPRA earnings per share (€)0,360,38 1,911,631,581,75
Gross dividend per share (€)-  1,531,401,401,40
Balance sheet data31.03.2020 31.12.201931.12.201831.12.201731.12.2016
Shareholders’ equity (000 €)537.805 524.433477.208359.366326.085
Liabilities (000 €)436.028 394.430409.956320.052299.078
Debt ratio (%)40,0% 39,0%43,5%44,6%45,7%
Number of shares at the end of the period24.657.003 24.657.00324.288.99718.405.62416.784.521
Net value (fair value) per share (€)21,79 21,2519,6219,5219,43
Share price (€)23,80 25,6020,6022,4923,90
Premium (+) / discount (-) to net value (fair Value) (%)9% 20%5%15%23%