Annex 1: Key figures 2013-2022
2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|
Statement of financial position (€ million, unless otherwise stated, year-end) | ||||||||||
Total assets (excl. IFRS 16) | 9,567 | 9,714 | 8,285 | 7,928 | 7,337 | 5,084 | 4,375 | 3,839 | 3,667 | 3,782 |
Equity | 7,298 | 7,553 | 6,294 | 6,022 | 5,517 | 3,819 | 3,045 | 2,629 | 2,262 | 2,280 |
Net debt | 2,180 | 1,991 | 1,916 | 1,825 | 1,739 | 1,172 | 1,237 | 1,098 | 1,265 | 1,350 |
Leverage (%, excl. IFRS 16) | 22.8 | 20.5 | 23.1 | 23.0 | 23.7 | 23.1 | 28.3 | 28.6 | 34.5 | 35.7 |
Portfolio value (€ million, year-end) | ||||||||||
Development portfolio | 225 | 177 | 174 | 194 | 257 | 257 | 135 | 77 | 13 | 23 |
Investment portfolio | 9,448 | 9,540 | 8,213 | 7,818 | 7,024 | 4,778 | 4,207 | 3,726 | 3,593 | 3,655 |
Total portfolio | 9,673 | 9,717 | 8,387 | 8,012 | 7,281 | 5,035 | 4,342 | 3,803 | 3,605 | 3,678 |
Units (year-end) | ||||||||||
Number of residential units | 27,661 | 27,570 | 27,482 | 27,290 | 27,809 | 22,454 | 22,629 | 22,599 | 22,990 | 23,791 |
Number of parking/garage spaces | 10,425 | 10,039 | 9,885 | 9,716 | 9,830 | 9,226 | 9,094 | 9,293 | 9,335 | 9,527 |
Commercial space (COG, sqm) | 44,323 | 44,936 | 44,924 | 44,631 | 45,106 | 38,722 | 35,406 | 34,319 | 36,359 | 36,640 |
Net rental income (€ million, unless otherwise stated) | ||||||||||
Investment portfolio, at start of year | 9,540 | 8,213 | 7,818 | 7,024 | 4,778 | 4,207 | 3,726 | 3,593 | 3,655 | 3,970 |
Time weighted average portfolio | 9,901 | 8,636 | 8,050 | 7,560 | 5,967 | 4,473 | 3,969 | 3,642 | 3,613 | 3,631 |
Net rental income | 270 | 260 | 251 | 252 | 210 | 184 | 182 | 176 | 176 | 181 |
Net rental income (%) | 2.7 | 3.0 | 3.1 | 3.3 | 3.5 | 4.1 | 4.6 | 4.8 | 4.9 | 5.0 |
Result (€ million) | ||||||||||
Realised result from letting & sales | 207 | 212 | 191 | 202 | 207 | 138 | 141 | 122 | 110 | 104 |
Realised result from project development | - | - | - | - | - | - | 1 | - | 4 | (1) |
Unrealised results | (218) | 1,233 | 276 | 653 | 825 | 544 | 391 | 169 | 22 | (163) |
Result before tax | (11) | 1,445 | 467 | 855 | 1,032 | 682 | 533 | 291 | 136 | (60) |
Tax | (1) | (1) | (1) | (1) | - | - | - | - | - | - |
Derivatives | - | - | - | - | - | 18 | 4 | 25 | (4) | 41 |
- revaluation | - | - | - | - | - | 6 | 4 | 11 | (16) | 41 |
- unwind | - | - | - | - | - | 12 | - | 14 | 12 | - |
Revaluation of PPE | 1 | - | - | 1 | 2 | 1 | - | - | - | - |
Settlement pre-hedge contracts | 1 | 1 | 1 | (6) | - | - | - | - | - | - |
Total comprehensive result | (10) | 1,445 | 467 | 849 | 1,034 | 701 | 537 | 316 | 132 | (19) |
Return (% of time weighted average equity) | ||||||||||
Realised return from letting | 2.6 | 3.2 | 3.1 | 3.6 | 4.6 | 4.1 | 5.1 | 5.0 | 4.8 | 4.4 |
Realised return from project development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | (0.1) |
Unrealised return | (2.8) | 18.7 | 4.5 | 11.4 | 18.4 | 16.3 | 14.2 | 7.0 | 1.0 | (6.9) |
Total operating return | (0.1) | 21.9 | 7.6 | 15.0 | 23.0 | 20.4 | 19.3 | 12.0 | 6.0 | (2.5) |
Revaluation of derivatives and Other comprehensive income | 0.0 | 0.1 | - | (0.1) | - | 0.5 | 0.2 | 1.0 | (0.2) | 1.7 |
Total comprehensive return | (0.1) | 22.0 | 7.6 | 14.9 | 23.0 | 20.9 | 19.5 | 13.0 | 5.8 | (0.8) |
Distribution to participants (€ million, unless otherwise stated) | ||||||||||
Opening equity | 7,553 | 6,294 | 6,022 | 5,517 | 3,819 | 3,045 | 2,629 | 2,262 | 2,280 | 2,423 |
Time weighted average equity | 7,842 | 6,589 | 6,169 | 5,708 | 4,481 | 3,350 | 2,766 | 2,426 | 2,284 | 2,364 |
Paid distribution* | 195 | 186 | 195 | 344 | 415 | 206 | 121 | 107 | 100 | 74 |
Distribution as % of time weighted average equity | 2.5 | 2.8 | 3.2 | 6.0 | 9.3 | 6.1 | 4.4 | 4.4 | 4.4 | 3.1 |
Distribution to participants (€ per participation) | ||||||||||
Opening equity | 210.40 | 175.32 | 167.74 | 153.69 | 135.44 | 118.03 | 101.93 | 94.07 | 92.77 | 96.47 |
Time weighted average equity | 219.78 | 183.55 | 171.85 | 159.01 | 158.92 | 129.88 | 107.23 | 100.91 | 92.93 | 94.09 |
Paid distribution based on number of participations at start of year* | 5.43 | 5.19 | 5.42 | 9.58 | 14.72 | 7.98 | 4.71 | 4.43 | 4.07 | 2.95 |
Other | ||||||||||
Occupancy rate (%, year-end) | 98.6% | 98.8 | 97.5 | 98.4 | 97.5 | 97.6 | 97.8 | 97.9 | 96.6 | 96.1 |
Employees (FTE, year-end) | 217 | 217 | 217 | 194 | 188 | 176 | 181 | 179 | 189 | 227 |
* Excludes equity redemptions from Redemption Available Cash (RAC). 2018 and 2019 figures include capital repayments related to portfolio sales.