Key information over five years

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)%