Statement of financial position

Total assets

1,071,440

1,073,286

994,754

961,989

996,404

Total shareholders’ equity

1,051,301

1,055,026

975,551

945,699

979,393

Total debt from credit institutions

-

-

-

-

-

Performance per share

Dividends (in €)

120.59

106.99

104.20

105.74

129.60

Net earnings (in €)

97.05

281.09

112.14

10.78

123.15

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

2,824.34

2,847.73

2,673.69

2,665.07

2,760.03

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

2,841.57

2,861.09

2,690.41

2,680.09

2,777.17

Result

Net result

35,976

104,095

40,293

3,826

43,659

Total Global Expense Ratio (TGER)

0.50%

0.51%

0.54%

0.54%

0.52%

Real Estate Expense Ratio (REER)

0.68%

0.70%

1.14%

1.09%

0.86%

Distributable result

45,964

42,134

36,269

36,414

40,439

Pay-out ratio

100%

100%

100%

100%

100%

Fund return

Income return

4.4%

4.2%

3.9%

3.8%

4.2%

Capital growth

(0.8)%

6.1%

0.5%

(3.4)%

0.1%

Total Fund return

3.6%

10.5%

4.4%

0.3%

4.3%

Portfolio figures

Investment property

1,043,864

1,020,257

971,612

951,258

965,495

Investment property under construction

2

-

-

-

-

Gross initial yield

5.8%

5.5%

5.9%

5.9%

5.4%

Total number of properties

61

60

59

59

59

Average monthly rent per square metre (in €)

289

280

246

237

236

Financial occupancy rate (average)

97.7%

97.1%

96.6%

95.8%

96.5%

Sustainability (A, B or C label)

98.3%

97.2%

98.6%

98.5%

98.4%

Property performance (all properties)

Income return

5.1%

4.7%

4.7%

4.6%

4.9%

Capital growth

(1.0)%

6.5%

0.3%

(3.5)%

0.4%

Total property return

4.0%

11.5%

5.0%

1.0%

5.3%

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

Income return

5.3%

5.0%

4.5%

4.8%

4.8%

Capital growth

(4.0)%

(0.7)%

(3.3)%

(8.7)%

(2.9)%