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Retail Fund

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Key information in 2018

All amounts in € thousands unless otherwise stated

Highlights 2018

  • € 66 million invested; € 2 million sold

  • One new investor as of July 2018

  • Fifteen properties acquired, one development completed and two properties sold

  • Two redevelopments in the portfolio in progress; completions are expected in 2019

  • New and extended lease contracts for a total of 32,022 m²; rental value € 6.0 million per year

  • 84.0% of the shopping centres BREEAM-NL In-use certified 

Performance per share

Performance per share

2018

2017

Dividends (in €)

118.16

117.77

Net earnings (in €)

147.75

190.59

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

2,766.60

2,717.59

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

2,789.93

2,739.67

Statement of financial position

Statement of financial position

2018

2017

Total assets

981,296

898,815

Total shareholders’ equity

969,680

888,896

Total debt from credit institutions

-

-

Result

Result

2018

2017

Net result

48,675

61,059

Total Expense Ratio (TER)

0.53%

0.53%

Real Estate Expense Ratio (REER)

0.86%

0.79%

Fund return

PERCENTAGE

Total fund return 2018: 5.6%

Total fund return 2017: 7.8%

Portfolio figures

Portfolio figures

2018

2017

Investment property (in € 1,000)

945,586

864,868

Investment property under construction (in € 1,000)

12,898

11,941

Gross initial yield

5.5%

5.7%

Total number of properties

63

49

Average rent per square metre per year (in €)

229

234

Financial occupancy rate (average)

95.2%

95.6%

Sustainability (A, B or C label)

95.6%

98.8%