Growth by 11% ofthe real estate portfolio: € 735 million as at 30 September 2018 (€ 663 million as at 31 December 2017) due to acquisitions in line with the strategy.
An authentic deed to purchase land zone B of the former Ford site in Genk, was executed as at 24 September 2018; development potential of more than 250.000 m² logistics real estate on the Ford site in Genk.
Fouding of perimeter company Genk Green Logistics nv as IRREC.
Greenhouse BXL with third Greenhouse Flex (co-working lounge) operational. 80% already leased as at 30 September 2018 and commercialisation fully under way.
Rise in the occupancy rate of the total real estate portfolio by 4% to 90% as at 30 September 2018 (86% as at 31 December 2017); office portfolio occupancy rate 86% and logistics portfolio 94%.
Increase in fair value of the existing real estate portfolio in the first nine months of 2018 by 1%, 1,5% in the offices and 0,5% in the logistics portfolio.
Ratio of real estate segments as at 30 September 2018: 57% logistics real estate and 43% office buildings.
Increase of the EPRA earnings by 12% in the first nine months of 2018 as a result of higher rental income from five acquisitions in the logistics portfolio in 2017 and three logistics sites in 2018.
EPRA earnings per share increased by 3%: € 1,21 in the first nine months of 2018 (€ 1,17 in the first nine months of 2017).
Expected EPRA earnings for 2018 between € 1,61 and € 1,65 per share, with a gross dividend of € 1,40, which amounts to a gross dividend yield of 6,1%.
Issue of commercial paper for an amount of € 30 million (maximum 70 million) to further diversify the financing sources.
Average interest rate of the financing: 2,4% in the first nine months of 2018 (2,6% in the first nine months of 2017).
New interest rate swaps concluded in the third quarter for a notional amount of € 50 million. Hedge ratio of 82% as at 30 September 2018.
Debt ratio: 47,9% as at 30 September 2018 (44,6% as at 31 December 2017).