Key information over five years

Statement of financial position

Total assets

4,783,924

4,016,566

3,170,333

2,727,725

2,609,004

Total shareholders’ equity

4,751,642

3,995,034

3,151,198

2,715,283

2,599,612

Total debt from credit institutions

-

-

-

-

-

Performance per share

Dividends (in €)

90.82

94.03

98.33

97.88

94.87

Net earnings (in €)

508.28

569.66

319.75

128.47

(0.93)

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

3,710.00

3,290.91

2,823.04

2,602.68

2,572.97

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

3,714.31

3,295.61

2,823.04

2,602.68

2,573.56

Result

Net result

637,610

666,343

347,475

133,154

(941)

Total Expense Ratio (TER)

0.53%

0.53%

0.53%

0.56%

0.57%

Real Estate Expense Ratio (REER)

1.26%

1.32%

1.40%

1.53%

1.62%

Fund return

Income return

2.8%

3.4%

3.8%

3.9%

3.6%

Capital growth

12.8%

17.1%

8.6%

1.2%

(3.6)%

Total Fund return

15.6%

20.5%

12.5%

5.1%

0.0%

Portfolio figures

Investment property

4,143,094

3,547,470

2,833,309

2,561,354

2,535,854

Investment property under construction

463,040

353,078

205,579

65,896

57,213

Gross initial yield

4.6%

5.1%

5.7%

6.0%

5.7%

Total number of residential units

16,172

15,329

14,455

14,181

14,467

Average monthly rent per unit (in €)

1,020

1,001

966

927

899

Financial occupancy rate (average)

97.8%

97.7%

97.6%

96.5%

96.4%

Sustainability (A, B or C label)

94.6%

93.3%

92.6%

92.3%

92.1%

Property performance (all properties)

Direct property return

3.3%

3.9%

4.5%

4.5%

4.2%

Indirect property return

13.0%

17.4%

8.9%

1.3%

(3.6)%

Total property return

16.7%

21.8%

13.7%

5.8%

0.6%

IPD Property Index residential real estate (all properties)

Direct return IPD Property Index

3.8%

4.2%

4.5%

4.5%

4.4%

Indirect return IPD Property Index

12.6%

10.6%

6.3%

0.6%

(4.0)%