Key financial information
All amounts in € thousands unless otherwise stated
Highlights 2014
- Dividend return of 5.7%
- Relatively high occupancy rate of 89.9%; market average 84%
- Acquisition and redevelopment of Valina office building in Amsterdam city centre
- Acquisition Beurs-WTC Rotterdam and Citroën buildings in Amsterdam
- Total of new and renewed leases of 22,507 m2 and an annual rent of € 4.1 million
- Like-for-like rent increase of 0.4%
- Rent in arrears of 0.9%
- Secured pipeline of € 5.4 million
- 85.5% green labels (A, B or C label)
- GRESB 'Green Star' status two years ahead of schedule
| Performance per share | 2014 | 2013 |
| Dividends (in €) | 129.43 | 136.91 |
| Net earnings (in €) | 3.01 | (6.29) |
| Net asset value IFRS (in €, at year-end) | 2,113.01 | 2,341.19 |
| Net asset value INREV (in €, at year-end) | 2,140.47 | 2,341.69 |
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| Balance sheet | 2014 | 2013 |
| Total assets | 579,982 | 477,308 |
| Total shareholders’ equity | 565,113 | 469,201 |
| Total debt from credit institutions | - | - |
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| Result | 2014 | 2013 |
| Net result | 612 | (1,260) |
| Total Expense Ratio (TER) | 0.54% | 0.58% |
| Real Estate Expense Ratio (REER) | 2.25% | 1.70% |
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Property performance (all properties)
Portfolio movements
Financial occupancy rate
| Portfolio figures | 2014 | 2013 |
| Investment property | 553,353 | 445,979 |
| Investment property under construction | 6,201 | - |
| Gross initial yield | 8.2% | 7.9% |
| Total number of properties | 30 | 25 |
| Average monthly rent per square metre (in €) | 169 | 180 |
| Financial occupancy rate (average) | 89.9% | 90.4% |
| Sustainability (A, B or C label) | 85.5% | 79.9% |
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