Key information over five years

2015

2014

2013

2012

2011

Statement of financial position

Total assets

567,043

579,982

477,308

509,516

538,794

Total shareholders’ equity

554,723

565,113

469,201

501,187

531,765

Total debt from credit institutions

-

-

-

-

-

Performance per share

Dividends (in €)

88.22

129.43

136.91

150.20

149.03

Net earnings (in €)

15.06

3.01

(6.29)

3.42

151.44

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

2,038.11

2,113.01

2,341.19

2,505.94

2,658.82

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

2,059.70

2,140.47

2,341.69

2,506.94

2,660.32

Result

Net result

4,034

612

(1,260)

683

30,289

Total Expense Ratio (TER)

0.58%

0.54%

0.58%

0.54%

0.57%

Real Estate Expense Ratio (REER)

2.93%

2.25%

1.70%

1.69%

1.92%

Fund return (% ROE)

Income return

4.2%

5.7%

5.6%

5.9%

5.7%

Capital growth

(3.7)%

(5.6)%

(5.9)%

(5.8)%

0.1%

Total Fund return

0.5%

0.1%

(0.3)%

0.1%

5.8%

Portfolio figures

Investment property

478,197

553,353

445,979

473,249

514,624

Investment property under construction

-

6,201

-

-

1,068

Gross initial yield

6.4%

8.2%

7.9%

7.6%

7.5%

Total number of properties

16

30

25

25

26

Average monthly rent per square metre (in €)

178

169

180

182

179

Financial occupancy rate (average)

80.1%

89.9%

90.4%

91.4%

92.3%

Sustainability (A, B or C label)

66.6%

85.5%

79.9%

85.5%

80.6%

Property performance (all properties)

Direct property return

4.9%

6.6%

6.7%

6.8%

6.5%

Indirect property return

(3.4)%

(5.3)%

(6.1)%

(5.8)%

0.1%

Total property return

1.4%

1.3%

0.7%

1.0%

6.6%

IPD Property Index office real estate (all properties)

Direct return IPD Property Index

6.0%

6.8%

6.8%

6.5%

7.0%

Indirect return IPD Property Index

(1.8)%

(3.3)%

(9.4)%

(8.5)%

(4.6)%

Total return IPD Property index

4.0%

3.3%

(3.3)%

(2.5)%

2.2%