Key information over five years

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)%