Statement of financial position

Total assets

7,072,702

7,770,061

7,838,349

7,080,958

6,699,661

Total shareholders’ equity

6,913,937

7,612,690

7,681,103

6,931,287

6,529,288

Total debt from credit institutions

-

-

-

-

-

Performance per share

Dividends (in €)

116.54

100.91

102.56

110.50

97.29

Net earnings (in €)

(326.89)

25.29

532.49

314.40

489.06

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

4,784.13

5,226.26

5,301.91

4,875.16

4,671.54

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

4,792.36

5,236.61

5,311.69

4,879.63

4,675.53

Result

Net result

(476,739)

37,144

766,056

442,538

671,208

Total Global Expense Ratio after tax (TGER)

0.50%

0.51%

0.53%

0.52%

0.53%

Real Estate Expense Ratio (REER)

1.16%

0.99%

0.89%

0.92%

0.99%

Distributable result

174,459

149,502

147,007

157,361

135,413

Pay-out ratio

100%

100%

100%

100%

100%

Fund return

Income return

2.4%

1.9%

2.1%

2.4%

2.3%

Capital growth

(8.5)%

(1.3)%

8.9%

4.4%

9.1%

Total Fund return

(6.3)%

0.6%

11.1%

6.8%

11.5%

Portfolio figures

Investment property

6,918,751

7,340,522

7,098,313

6,369,668

6,209,139

Investment property under construction

96,001

373,173

639,153

453,085

388,303

Gross initial yield

4.4%

3.9%

3.7%

3.9%

3.9%

Total number of residential units

19,059

18,820

18,134

17,760

18,227

Average monthly rent per unit (in €)

1,269

1,203

1,160

1,130

1,104

Financial occupancy rate (average)

98.8%

98.4%

97.8%

98.4%

97.9%

Sustainability (A, B or C label)

100.0%

100.0%

100.0%

100.0%

100.0%

Property performance (all properties)

Income return

2.9%

2.4%

2.7%

2.8%

2.8%

Capital growth

(8.6)%

(1.4)%

8.9%

4.4%

9.3%

Total property return

(5.8)%

1.0%

11.8%

7.3%

12.4%

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

Income return

3.1%

2.6%

2.9%

2.9%

3.2%

Capital growth

(8.8)%

(1.0)%

12.2%

5.3%

10.1%