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.