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Financial statements

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Consolidated statement of comprehensive income

All amounts in € thousands, unless otherwise stated

 

Note

 

2022

 

2021

Gross rental income

6

271,232

 

250,405

 

Service charge income

6

7,596

 

6,808

 

Other income

 

513

 

549

 

Revenues

  

279,341

 

257,762

      

Service charge expenses

 

(8,288)

 

(7,212)

 

Property operating expenses

7

(79,822)

 

(64,192)

 
   

(88,110)

 

(71,404)

Net rental income

  

191,231

 

186,358

      

Result on disposal of investment property

12

 

(3,443)

 

-

      

Positive fair value adjustments completed investment property

12

149,305

 

595,771

 

Negative fair value adjustments completed investment property

12

(257,362)

 

(5,203)

 

Fair value adjustments on investment property under construction

13

2,395

 

30,837

 

Net valuation gain (loss)

  

(105,662)

 

621,405

      

Administrative expenses

8

 

(40,957)

 

(37,522)

Result before finance result

  

41,169

 

770,241

      

Finance expenses

9

(4,015)

 

(4,175)

 

Net finance result

  

(4,015)

 

(4,175)

      

Result before tax

  

37,154

 

766,066

Income taxes

10

 

(10)

 

(10)

Result for the year

  

37,144

 

766,056

      

Items that will not be reclassified subsequently to comprehensive income

  

-

 

-

Items that may be reclassified subsequently to comprehensive income

  

-

 

-

Total comprehensive income for the year, net of tax

 

37,144

 

766,056

      

Net result attributable to shareholders

  

37,144

 

766,056

Total comprehensive income attributable to shareholders

  

37,144

 

766,056

      
      

Earnings per share (€)

     

From continuing operations

     

Basic

19

 

25

 

532

Diluted

19

 

25

 

532