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Key information over five years

All amounts in € thousands unless otherwise stated

 

2019

2018

2017

2016

2015

Statement of financial position

     

Total assets

1,168,142

782,645

644,945

536,257

567,043

Total shareholders’ equity

1,077,155

771,241

631,446

525,988

554,723

Total debt from credit institutions

-

-

-

-

-

      

Performance per share

     

Dividends (in €)

49.65

52.98

59.81

73.18

88.22

Net earnings (in €)

514.04

266.98

277.97

118.22

15.06

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

2,959.53

2,506.33

2,295.87

2,084.17

2,038.11

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

2,959.53

2,511.10

2,306.55

2,101.63

2,059.70

      

Result

     

Net result

172,585

75,962

71,746

30,506

4,034

Total Expense Ratio (TER)

0.51%

0.55%

0.54%

0.55%

0.58%

Real Estate Expense Ratio (REER)

1.70%

2.51%

3.20%

2.66%

2.93%

      

Fund return

     

Income return

2.3%

2.1%

2.7%

3.6%

4.2%

Capital growth

17.7%

9.2%

10.3%

1.9%

(3.7)%

Total Fund return

20.3%

11.5%

13.2%

5.5%

0.4%

      

Portfolio figures

     

Investment property

826,323

536,054

468,661

458,762

478,197

Investment property under construction

263,180

210,857

127,432

44,645

-

Gross initial yield

5.8%

6.8%

8.0%

6.7%

6.4%

Total number of properties

18

18

17

17

16

Average monthly rent per square metre (in €)

195

177

180

183

178

Financial occupancy rate (average)

90.0%

89.2%

86.3%

81.3%

80.1%

Sustainability (A, B or C label)

75.5%

73.0%

73.1%

73.0%

66.6%

      

Property performance (all properties)

     

Income return

2.3%

3.0%

3.6%

4.5%

4.9%

Capital growth

19.8%

10.0%

11.0%

2.40%

(3.4)%

Total property return

22.5%

13.3%

14.9%

7.0%

1.4%

      

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

     

Income return

3.9%

4.2%

4.9%

5.5%

6.0%

Capital growth

12.7%

10.6%

7.6%

4.0%

(2.2)%

Total return MSCI (NPI)

17.1%

15.2%

12.8%

9.7%

3.7%

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