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10. Equity

The participation rights issued can be specified as follows:

   

Reserve

 

Fund equity

General paid in surplus

Property

Derivatives

Legal

Other

Total equity

As at 1 January 2023

35

1,414

3,569

(3)

1

2,282

7,298

        

Result for the year

-

-

(827)

-

-

171

(656)

Other comprehensive income

-

-

-

1

(2)

-

(1)

Total comprehensive income

-

-

(827)

1

(2)

171

(657)

        

Realised from property sales

-

-

(16)

-

-

16

-

Reclasses

-

1

-

(1)

5

(5)

-

Equity issued

1

116

-

-

-

-

117

Equity redemption

(1)

(166)

-

-

-

-

(167)

Distribution paid

-

(199)

-

-

-

-

(199)

        

As at 31 December 2023

35

1,166

2,726

(3)

4

2,464

6,392

        
        

Result for the year

-

-

866

-

-

261

1,127

Other comprehensive income

-

-

-

1

1

-

2

Total comprehensive income

-

-

866

1

1

261

1,129

        

Realised from property sales

-

-

(58)

-

-

58

-

Capital paid in

-

-

-

-

-

-

-

Equity issued

1

90

-

-

-

-

91

Equity redemption

(1)

(140)

-

-

-

-

(141)

Distribution paid

-

(200)

-

-

-

-

(200)

        

As at 31 December 2024

35

916

3,535

(2)

5

2,783

7,271

In 2024, Vesteda paid out €140 million in redemptions, consisting of the payout of the Redemption Available Cash of €50 million and one secondary transaction for a total of €90 million.

Appropriation of result for 2023

The result for the year 2023, amounting to €-656, has been appropriated to equity. This appropriation has been approved by the General Meeting of Participants held on 3 April 2024.

Proposals to investors

Proposed appropriation of result for 2024

The Management Board proposes that the profit for the year of €1,127 million be taken to equity. This proposal has been incorporated in the annual report.

Proposed distribution to participants

The Management Board proposes a distribution to participants of €195.2 million for the year 2024, of which €112.8 million was paid in the financial year 2024 and €37.6 million was paid in January 2025. The financial statements will be presented for adoption at the General Meeting of Participants on 3 April 2025. Following the adoption, the remaining €35.7 million will be paid as a final distribution for 2024.