Annex 1: Key figures past ten years

 

2017

2016

2015

2014

2013

2012

2011

2011

2010

2009

2008

 

IFRS

IFRS

IFRS

IFRS

IFRS

IFRS

IFRS

DG

DG

DG

DG

Statement of financial position

           

Year-end, amounts in € million

           

Total assets

5,084

4,375

3,839

3,667

3,782

4,158

4,497

4,513

4,707

4,932

5,107

Equity

3,819

3,045

2,629

2,262

2,280

2,423

2,670

2,671

2,793

2,941

3,264

Debt capital

1,177

1,237

1,098

1,265

1,350

1,523

1,649

1,649

1,695

1,758

1,725

Leverage (%)

23

28

29

35

36

37

37

37

36

36

34

            

Portfolio value

           

Year-end, amounts in € million

           

Development portfolio

248

135

77

13

23

12

24

76

163

254

279

Investment portfolio

4,778

4,207

3,726

3,593

3,655

3,970

4,265

4,248

4,402

4,484

4,699

Total portfolio

5,019

4,342

3,803

3,605

3,678

3,982

4,289

4,324

4,565

4,738

4,978

            

Units

           

Year-end

           

Number of residential units

22,454

22,629

22,599

22,990

23,791

25,100

25,828

25,828

26,732

27,243

27,624

Number of commercial m2

38,722

35,406

34,319

36,359

36,640

50,491

55,410

55,410

57,515

51,663

43,179

Number of parking/garage spaces

9,226

9,094

9,293

9,335

9,527

10,217

10,427

10,427

10,177

9,699

9,457

            

Occupancy rate

           

Year-end

           

Investment portfolio (%)

97.6

97.8

97.9

96.6

96.1

95.6

95.7

95.7

95.2

95.3

97.1

            

Net rental income

           

Amounts in € million

           

Investment portfolio, at start of year

4,207

3,726

3,593

3,655

3,970

4,265

4,402

4,402

4,484

4,699

4,799

Net rental income

184

182

176

176

181

177

173

173

175

180

176

Net rental income (%)

4.4

4.9

4.9

4.8

4.6

4.2

3.9

3.9

3.9

3.8

3.6

            

Tenant satisfaction

           

Rating (out of 10)

           

Investment portfolio

6.9

7.0

6.9

6.9

6.9

7.0

7.0

7.0

6.9

7.0

7.0

            

Operating result

           

Amounts in € million

           

Realised result from letting

138

141

122

110

104

98

88

89

110

109

110

Realised result from project development

-

1

-

4

(1)

(1)

(4)

(13)

(27)

-

(3)

Unrealised results

544

391

169

22

(163)

(234)

(138)

(123)

(177)

(372)

(119)

Total operating result

682

533

291

136

(60)

(137)

(49)

(47)

(94)

(263)

(12)

            

Operating return

           

As % of opening equity

           

Realised return from letting

4.5

5.3

5.4

4.8

4.3

3.6

3.1

3.2

3.7

3.4

3.3

Realised return from project development

-

0.1

-

0.2

(0.1)

-

(0.1)

(0.5)

(0.9)

-

(0.1)

Unrealised return

17.9

14.9

7.5

1.0

(6.7)

(8.7)

(4.9)

(4.4)

(6.0)

(11.4)

(3.6)

Total operating return

22.4

20.3

12.9

6.0

(2.5)

(5.1)

(1.9)

(1.7)

(3.2)

(8.0)

(0.4)

            

Employees

           

Year-end

           

FTE

176

181

179

189

227

253

305

305

332

346

337

            

Result

           

Amounts in € million

           

Total operating result

682

533

291

136

(60)

(137)

(49)

(47)

(94)

(263)

(12)

Derivatives

18

4

25

(4)

41

(30)

11

11

21

(35)

(92)

- revaluation

6

4

11

(16)

41

(30)

11

11

21

(35)

(92)

- unwind

12

-

14

12

-

-

-

-

-

-

-

Revaluation of PPE

1

-

-

-

-

-

-

-

-

-

-

Total comprehensive result

701

537

316

132

(19)

(167)

(38)

(36)

(73)

(298)

(104)

            

Return

           

As % of opening equity

           

Total operating return

22.4

20.3

12.9

6.0

(2.5)

(5.1)

(1.9)

(1.7)

(3.2)

(8.0)

(0.4)

Revaluation of derivatives

0.6

0.1

1.1

(0.2)

1.7

(1.1)

0.4

0.4

0.7

(1.1)

(2.7)

Total return

23.0

20.4

14.0

5.8

(0.8)

(6.2)

(1.5)

(1.3)

(2.5)

(9.1)

(3.1)

            

Distribution to investors

           

Amounts in € million

           

Opening equity

3,045

2,629

2,262

2,280

2,423

2,670

2,799

2,793

2,941

3,264

3,368

Paid distribution to investors

206

121

107

100

74

120

109

109

84

146

80

Distribution to investors (%)

6.8

4.6

4.7

4.4

3.1

4.5

3.9

3.9

2.9

4.5

2.4

            

Distribution to investors

           

Amounts in € participation

           

Opening equity

118.03

101.93

94.07

92.77

96.47

104.15

109.29

109.06

114.87

127.49

131.52

Paid distribution to investors

7.98

4.71

4.43

4.07

2.95

4.68

4.25

4.25

3.28

5.69

3.12

Distribution to investors (%)

6.8

4.6

4.7

4.4

3.1

4.5

3.9

3.9

2.9

4.5

2.4