Skip to website navigation Skip to article navigation Skip to content

The Fund at a glance

A page refresh occures when a subject is selected.

Skip article navigation.

Key performance over five years

All amounts in € thousands, unless otherwise stated

2021

2020

2019

2018

2017

Statement of financial position

     

Total assets

1,336,368

1,252,079

1,168,142

782,645

644,945

Total shareholders’ equity

1,238,539

1,154,720

1,077,155

771,241

631,446

Total debt from credit institutions

-

-

-

-

-

      

Performance per share

     

Dividends (in €)

80.38

65.77

49.65

52.98

59.81

Net earnings (in €)

219.23

140.45

514.04

266.98

277.97

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

3,172.38

3,034.73

2,959.53

2,506.33

2,295.87

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

3,172.38

3,034.73

2,959.53

2,511.10

2,306.55

      

Result

     

Net result

84,976

51,844

172,585

75,962

71,746

Total Global Expense Ratio after tax (TGER)

0.53%

0.52%

0.53%

0.56%

0.55%

Real Estate Expense Ratio (REER)

1.23%

1.36%

1.70%

2.50%

3.16%

Distributable result

30,782

27,389

20,060

15,074

15,437

Pay-out ratio

100%

100%

100%

100%

100%

      

Fund return

     

Income return

2.6%

2.4%

2.3%

2.1%

2.7%

Capital growth

4.6%

2.3%

17.7%

9.2%

10.3%

Total Fund return

7.3%

4.8%

20.3%

11.5%

13.2%

      

Portfolio figures

     

Investment property

1,315,856

1,105,935

826,323

536,054

468,661

Investment property under construction

-

115,763

263,180

210,857

127,432

Gross initial yield

4.6%

5.0%

5.8%

6.8%

8.0%

Total number of properties

18

18

18

18

17

Average monthly rent per square metre (in €)

225

216

195

177

180

Financial occupancy rate (average)

90.4%

92.8%

90.0%

89.2%

86.3%

Sustainability (A, B or C label)

99.6%

80.1%

75.5%

73.0%

73.1%

      

Property performance (all properties)

     

Income return

3.3%

2.7%

2.3%

3.0%

3.6%

Capital growth

4.5%

2.8%

19.8%

10.00%

11.00%

Total property return

8.0%

5.5%

22.5%

13.3%

14.9%

      

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

     

Income return

3.3%

3.5%

3.9%

4.2%

4.9%

Capital growth

5.0%

1.2%

12.7%

10.6%

7.60%

Total return MSCI (NPI)

8.5%

4.7%

17.1%

15.2%

12.8%