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At home
with Vesteda

Annual report 2019

Foreword

A year of consolidation
Dear stakeholders,

It is our pleasure to present you with our annual report for 2019. In this report, we account for our performance in 2019, in both financial and social terms, and report on how we intend to realise our ambitions for the future. We would also like to share our vision of the Dutch housing market and the role we want to play as an active and socially-engaged residential real estate investor. Please note that most of this report was written prior to the outbreak of the coronavirus (COVID-19). Vesteda has taken measures regarding the operational activities of the company to prevent the further spread of the virus. It is clear that the impact on the Global and Dutch economy will be severe, but at this point (18 March 2020) it is too early to determine the exact impact for Vesteda.

What we do

Our portfolio

Number of
residential units

27,290

Investment portfolio
value (incl. IFRS 16)

€7.8bln

Occupancy rate

98.4%

Gross rental income

€329mln

Portfolio by type of
residential unit (weight in value)
Portfolio by rental segment
(weight in value)

Portfolio by region
(weight in value)

Energy labels
(weight in units)

Pipeline and additions to the portfolio

Westerwal - Groningen
171 Apartments – expected delivery 2021

Pipeline

Willemsbuiten - Tilburg
42 Family houses - expected delivery 2020

Pipeline

Project Milestone - Eindhoven
World’s first housing project based on 3D-concrete printing

Pipeline

The Ox - Amsterdam
168 Apartments – expected delivery 2021

Pipeline

Koningsoord – Berkel Enschot
33 Homes – delivered in 2019

Investment portfolio

De Enter - Amsterdam
96 Apartments - delivered in 2019

Investment portfolio

Hooghkamer - Voorhout
55 Natural gas free family homes added in 2019

Investment portfolio

Our portfolio distribution - top 10

In € million As % of
total portfolio
1Amsterdam 1,790 23%
2Rotterdam 628 8%
3Utrecht 361 5%
4Almere 338 4%
5Maastricht 251 3%
6Eindhoven 210 3%
7Amstelveen 194 3%
8Diemen 190 2%
9Amersfoort 189 2%
10Breda 160 2%
Primary regions
Secondary regions
Other
€ 1,200 mln
€ 600 mln
€ 120 mln

Facts and figures

Tenant satisfaction

6.9

Ambition to become the best landlord in the Netherlands

Pipeline

€381mln

1,233 units in pipeline

Total expense ratio

30bps

Internally managed fund with efficient cost structure

Financing

22.5%

Interest rate: 2.0%

Solid funding structure

Credit rating

BBB+

Rated by Standard & Poor's

Attractive risk profile

Sustainability

★★★★★

5 stars GRESB rating

#3 ranking

Committed to remaining a top player in the field of sustainability