Financial results
Key figures
For a detailed calculation of the key figures see the lexicon and APM terminology document.
| Operational key figures | 30.09.2022 | | 31.12.2021 | 31.12.2020 | 31.12.2019 | 31.12.2018 |
|---|
| Fair value of investment properties (in millions €) | 1.359 | | 1.209 | 1.018 | 893 | 867 |
| Leasable space (in thousands m²) | 1.140 | | 1.111 | 1.046 | 946 | 1.023 |
| 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* (%) | 6,4% | | 6,8% | 7,4% | 7,7% | 7,9% |
| Average duration of lease agreements (up to first expiry date) (year) | 4,8 | | 4,3 | 4 | 4,3 | 4,6 |
| Occupancy rate entire portfolio (%) | 94% | | 94% | 93% | 93% | 93% |
| Occupancy rate office portfolio (%) | 83% | | 87% | 88% | 90% | 88% |
| Occupancy rate logistics portfolio (%) | 100% | | 100% | 96% | 96% | 98% |
| Office to logistics real estate ratio | 26/74 | | 32/68 | 37/63 | 39/61 | 40/60 |
* 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 share | 30.09.2022 | 30.09.2021 | | 2021 | 2020 | 2019 | 2018 |
|---|
| EPRA earnings (000 €) | 35.382 | 33.766 | | 45.176 | 40.355 | 46.820 | 31.168 |
| Result on disposals of investment properties | 551 | 198 | | 198 | 198 | 1.670 | 5.364 |
| Changes in fair value of investment properties | 29.020 | 45.924 | | 66.020 | 66.020 | 15.454 | 22.307 |
| Other result on portfolio | -8.002 | -5.943 | | -11.205 | -11.205 | -9.083 | -5.661 |
| Changes in fair value of financial assets and liabilities | 31.205 | 1.771 | | 4.217 | 4.217 | -2.311 | -3.065 |
| Minority interests regarding the above | -5.135 | -1.878 | | -6.306 | -6.306 | -2.654 | 0 |
| Net result - Group Share (000 €) | 83.021 | 73.838 | | 98.100 | 43.431 | 65.765 | 34.114 |
| Weighted average number of shares | 26.431.527 | 25.875.874 | | 25.983.006 | 25.164.126 | 24.516.858 | 19.176.981 |
| Net result per share (€) | 3,14 | 2,85 | | 3,78 | 1,73 | 2,68 | 1,78 |
| EPRA earnings per share (€) | 1,34 | 1,30 | | 1,74 | 1,6 | 1,91 | 1,63 |
| Gross dividend per share (€) | - | - | | 1,53 | 1,53 | 1,53 | 1,40 |
| Balance sheet data | 30.09.2022 | | 31.12.2021 | 31.12.2020 | 31.12.2019 | 31.12.2018 |
|---|
| Shareholders’ equity (000 €) | 698.001 | | 636.535 | 554.414 | 524.433 | 477.208 |
| Liabilities (000 €) | 770.647 | | 600.422 | 493.579 | 394.430 | 409.956 |
| Debt ratio (%) | 50% | | 45% | 42,99% | 39,00% | 43,50% |
| Number of shares at the end of the period | 26.577.334 | | 26.300.908 | 25.500.672 | 24.657.003 | 24.288.997 |
| Net value (fair value) per share (€) | 25,45 | | 23,67 | 21,46 | 21,25 | 19,62 |
| Share price (€) | 23,30 | | 28,20 | 22,55 | 25,60 | 20,60 |
| Premium (+) / discount (-) to net value (fair Value) (%) | -8,5% | | 19% | 5% | 20% | 5% |
