Key information over five years
All amounts in € thousands unless otherwise stated
| 2017 | 2016 | 2015 | 2014 | 2013 |
Statement of financial position | | | | | |
Total assets | 644,945 | 536,257 | 567,043 | 579,982 | 477,308 |
Total shareholders’ equity | 631,446 | 525,988 | 554,723 | 565,113 | 469,201 |
Total debt from credit institutions | - | - | - | - | - |
| | | | | |
Performance per share | | | | | |
Dividends (in €) | 59.81 | 73.18 | 88.22 | 129.43 | 136.91 |
Net earnings (in €) | 277.97 | 118.22 | 15.06 | 3.01 | (6.29) |
Net asset value IFRS (in €, at year-end) | 2,295.87 | 2,084.17 | 2,038.11 | 2,113.01 | 2,341.19 |
Net asset value INREV (in €, at year-end) | 2,306.55 | 2,101.63 | 2,059.70 | 2,140.47 | 2,341.69 |
| | | | | |
Result | | | | | |
Net result | 71,746 | 30,506 | 4,034 | 612 | (1,260) |
Total Expense Ratio (TER) | 0.54% | 0.55% | 0.58% | 0.54% | 0.58% |
Real Estate Expense Ratio (REER) | 3.20% | 2.66% | 2.93% | 2.25% | 1.70% |
| | | | | |
Fund return | | | | | |
Income return | 2.9% | 3.6% | 4.2% | 5.7% | 5.6% |
Capital growth | 10.2% | 1.9% | (3.7)% | (5.6)% | (5.9)% |
Total Fund return | 13.1% | 5.5% | 0.5% | 0.1% | (0.3)% |
| | | | | |
Portfolio figures | | | | | |
Investment property | 468,661 | 458,762 | 478,197 | 553,353 | 445,979 |
Investment property under construction | 127,432 | 44,645 | - | 6,201 | - |
Gross initial yield | 6.6% | 6.7% | 6.4% | 8.2% | 7.9% |
Total number of properties | 17 | 17 | 16 | 30 | 25 |
Average monthly rent per square metre (in €) | 180 | 183 | 178 | 169 | 180 |
Financial occupancy rate (average) | 86.3% | 81.3% | 80.1% | 89.9% | 90.4% |
Sustainability (A, B or C label) | 73.1% | 73.0% | 66.6% | 85.5% | 79.9% |
| | | | | |
Property performance (all properties) | | | | | |
Direct property return | 3.6% | 4.5% | 4.9% | 6.6% | 6.7% |
Indirect property return | 11.0% | 2.4% | (3.4)% | (5.3)% | (6.1)% |
Total property return | 14.9% | 7.0% | 1.4% | 1.3% | 0.7% |
| | | | | |
IPD Property Index office real estate (all properties) | | | | | |
Direct return IPD Property Index | 4.9% | 5.5% | 6.0% | 6.7% | 6.8% |
Indirect return IPD Property Index | 7.6% | 4.0% | (2.2)% | (3.5)% | (9.4)% |
Total return IPD Property index | 12.8% | 9.7% | 3.7% | 3.0% | (3.3)% |