Key information over five years

2015

2014

2013

2012

2011

Statement of financial position

Total assets

3,170,333

2,727,725

2,609,004

2,686,859

2,819,839

Total shareholders’ equity

3,151,198

2,715,283

2,599,612

2,675,679

2,810,652

Total debt from credit institutions

-

-

-

-

-

Performance per share

Dividends (in €)

98.33

97.88

94.87

92.96

94.70

Net earnings (in €)

319.75

128.47

(0.93)

18.79

98.89

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

2,823.04

2,602.68

2,572.97

2,675.68

2,810.65

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

2,823.04

2,602.68

2,573.56

2,676.88

2,812.45

Result

Net result

347,475

133,154

(941)

18,790

98,893

Total Expense Ratio (TER)

0.53%

0.56%

0.57%

0.56%

0.54%

Real Estate Expense Ratio (REER)

1.40%

1.53%

1.62%

1.51%

1.34%

Fund return (% ROE)

Income return

3.8%

3.9%

3.6%

3.4%

3.4%

Capital growth

8.6%

1.2%

(3.6)%

(2.8)%

0.1%

Total Fund return

12.5%

5.1%

0.0%

0.6%

3.5%

Portfolio figures

Investment property

2,833,309

2,561,354

2,535,854

2,597,675

2,666,196

Investment property under construction

205,579

65,896

57,213

60,146

35,600

Gross initial yield

5.7%

6.0%

5.7%

5.6%

5.4%

Total number of residential units

14,455

14,181

14,467

14,580

14,686

Average monthly rent per unit (in €)

966

927

899

838

830

Financial occupancy rate (average)

97.6%

96.5%

96.4%

96.9%

96.6%

Sustainability (A, B or C label)

92.6%

92.3%

92.1%

91.1%

85.0%

Property performance (all properties)

Direct property return

4.5%

4.5%

4.2%

4.0%

4.0%

Indirect property return

8.9%

1.3%

(3.6)%

(2.7)%

0.1%

Total property return

13.7%

5.8%

0.6%

1.3%

4.1%

IPD Property Index residential real estate (all properties)

Direct return IPD Property Index

4.5%

4.5%

4.4%

4.2%

4.1%

Indirect return IPD Property Index

6.3%

0.6%

(4.0)%

(3.7)%

(2.1)%

Total return IPD Property Index

11.0%

5.2%

0.2%

0.3%

1.9%