Key information over five years

Total assets

6,699,661

5,793,075

4,783,924

4,016,566

3,170,333

Total shareholders’ equity

6,529,288

5,761,761

4,751,642

3,995,034

3,151,198

Total debt from credit institutions

-

-

-

-

-

Performance per share

Dividends (in €)

97.29

94.99

90.82

94.03

98.33

Net earnings (in €)

489.06

665.23

508.28

569.66

319.75

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

4,671.54

4,280.93

3,710.00

3,290.91

2,823.04

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

4,675.53

4,286.07

3,714.31

3,295.61

2,823.04

Result

Net result

671,208

878,013

637,610

666,343

347,475

Total Expense Ratio (TER)

0.53%

0.54%

0.53%

0.53%

0.53%

Real Estate Expense Ratio (REER)

0.99%

1.00%

1.26%

1.32%

1.40%

Fund return

Income return

2.3%

2.5%

2.7%

3.2%

3.8%

Capital growth

9.1%

15.4%

12.6%

17.0%

8.5%

Total Fund return

11.5%

18.2%

15.6%

20.6%

12.5%

Portfolio figures

Investment property

6,209,139

5,185,923

4,143,094

3,547,470

2,833,309

Investment property under construction

388,303

558,704

463,040

353,078

205,579

Gross initial yield

3.9%

4.1%

4.6%

5.1%

5.7%

Total number of residential units

18,227

17,174

16,172

15,329

14,455

Average monthly rent per unit (in €)

1,104

1,055

1,020

1001

966

Financial occupancy rate (average)

97.9%

97.5%

97.8%

97.7%

97.6%

Sustainability (A, B or C label)

100.0%

98.0%

94.6%

93.3%

92.6%

Property performance (all properties)

Income return

2.8%

3.1%

3.3%

3.9%

4.5%

Capital growth

9.3%

15.6%

13.0%

17.4%

8.9%

Total property return

12.4%

19.1%

16.7%

21.8%

13.7%

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

Income return

3.2%

3.4%

3.8%

4.2%

4.5%

Capital growth

10.1%

14.7%

12.6%

10.6%

6.3%