Acquisitions and property sales
The Dutch residential investment market showed signs of recovery, as the investment volume in the residential real estate market increased by 59% compared with 2023.
Investments in quality and sustainability
We continued to actively create value and add quality to our existing portfolio, via renovations and sustainability improvements of selected assets.
Performance
The total theoretical rent stood at €421 million at year-end 2024, an increase of €27 million compared with year-end 2023.
Funding
Vesteda has a diversified unsecured funding structure, consisting of a combination of bank debt, Euro Commercial Paper (ECP), private placements, public bonds, and financing from the European Investment Bank (EIB).
Participants
Our goal is to provide our participants with an attractive risk-return, transparency and a high level of service. Participant satisfaction is one of our key performance indicators and has been stable at a high level over the past few years.
Notes to the results
The total theoretical rent increased by €23 million to €408 million in 2024. The average monthly rent (residential) increased to €1,189 at year-end 2024, from €1,133 at year-end 2023.
Environmental
Vesteda constantly aims to improve it’s sustainability performance, which helps us safeguard the attractiveness of the fund and optimise our long-term risk/return ratio.
Social
Ensuring sustainable and affordable housing is at the heart of our social responsibility, with tenant satisfaction playing a central role in fostering thriving communities.
Governance
References made to chapter Compliance & Integrity.
Regulation and disclosures
Vesteda is required to provide disclosures under Regulation (EU) 2019/2088 (the EU Sustainable Finance Disclosure Regulation, or SFDR).