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2018 at a glance

Key information over five years

All amounts in € thousands unless otherwise stated

 

2018

2017

2016

2015

2014

Statement of financial position

     

Total assets

782,645

644,945

536,257

567,043

579,982

Total shareholders’ equity

771,241

631,446

525,988

554,723

565,113

Total debt from credit institutions

-

-

-

-

-

      

Performance per share

     

Dividends (in €)

52.98

59.81

73.18

88.22

129.43

Net earnings (in €)

266.98

277.97

118.22

15.06

3.01

Net asset value IFRS (in €, at year-end)

2,506.33

2,295.87

2,084.17

2,038.11

2,113.01

Net asset value INREV (in €, at year-end)

2,511.10

2,306.55

2,101.63

2,059.70

2,140.47

      

Result

     

Net result

75,962

71,746

30,506

4,034

612

Total Expense Ratio (TER)

0.55%

0.54%

0.55%

0.58%

0.54%

Real Estate Expense Ratio (REER)

2.51%

3.20%

2.66%

2.93%

2.25%

      

Fund return

     

Income return

2.3%

2.9%

3.6%

4.2%

5.7%

Capital growth

9.2%

10.2%

1.9%

(3.7)%

(5.6)%

Total Fund return

11.5%

13.1%

5.5%

0.5%

0.1%

      

Portfolio figures

     

Investment property

536,054

468,661

458,762

478,197

553,353

Investment property under construction

210,857

127,432

44,645

-

6,201

Gross initial yield

6.8%

8.0%

6.7%

6.4%

8.2%

Total number of properties

18

17

17

16

30

Average monthly rent per square metre (in €)

177

180

183

178

169

Financial occupancy rate (average)

89.2%

86.3%

81.3%

80.1%

89.9%

Sustainability (A, B or C label)

73.0%

73.1%

73.0%

66.6%

85.5%

      

Property performance (all properties)

     

Direct property return

3.0%

3.6%

4.5%

4.9%

6.6%

Indirect property return

10.0%

11.0%

2.4%

(3.4)%

(5.3)%

Total property return

13.3%

14.9%

7.0%

1.4%

1.3%

      

MSCI (Netherlands Property Index) office real estate (all properties)

     

Direct return MSCI (NPI)

4.2%

4.9%

5.5%

6.0%

6.7%

Indirect return MSCI (NPI)

10.6%

7.6%

4.0%

(2.2)%

(3.5)%

Total return MSCI (NPI)

15.2%

12.8%

9.7%

3.7%

3.0%

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