Key financial information

All amounts in € thousands, unless otherwise stated

Highlights 2014

Dividend return of 4.5%
Outperformance IPD Property Index (0.7%-point)
Continued high average financial occupancy rate of 94.4%
Acquisitions for a total of € 57.0 million
Investments under construction of € 207.9 million
New and extended lease contracts totalling 32,590 m²; rent value € 9.3 million
New lease contracts redevelopments totalling 27,616 m²; rent value € 10.4 million
Average remaining lease time of 6.8 years
Divestment part of the assets in Ede € 13.0 million
Like-for-like rent decrease of 2.5%
Rent in arrears of 2.2%
Secured pipeline of € 76.0 million
79.1% green energy label (A, B or C label)
GRESB Green Star status two years ahead of schedule


Performance per share	2014	2013


Dividends (in €)	115.68	127.98
Net earnings (in €)	46.76	203.15
Net asset value IFRS (in €, at year-end)	2,527.09	2,594.04
Net asset value INREV (in €, at year-end)	2,544.13	2,608.41


Statement of financial position	2014	2013
Total assets	689,847	615,525
Total shareholders’ equity	670,322	605,784
Total debt from credit institutions	-	-


Result	2014	2013
Net result	11,185	47,149
Total Expense Ratio (TER)	0.57%	0.57%
Real Estate Expense Ratio (REER)	0.75%	0.78%


	2,014	2,013
Investment property	446,309	459,830
Investment property under construction	207,867	146,945
Gross initial yield	7.0%	6.9%
Total number of properties	41	39
Average monthly rent per square metre (in €)	190	210
Financial occupancy rate (average)	94.4%	92.9%
Sustainability (A, B or C label)	79.1%	60.1%