Key Financial Figures
in thousands of €
| INVESTMENT PROPERTIES | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
| Own portfolio | |||||||||
| Total lettable area (m2) | 1,609,300 | 1,363,900 | 765,783 | 205,069 | 146,079 | 288,372 | 445,958 | 416,158 | 548,838 |
| Occupancy rate (%) | 98.8% | 98.5% | 99.3% | 100.0% | 100.0% | 99.2% | 100.0% | 97.0% | 97.3% |
| Fair value of property portfolio | 2,000,277 | 2,514,222 | 2,253,914 | 920,151 | 792,944 | 576,143 | 627,737 | 550,262 | 677,084 |
| VGP Joint ventures portfolio (100%) | |||||||||
| Total lettable area (m2) | 3,756,200 | 2,937,100 | 2,326,149 | 2,236,306 | 1,764,640 | 1,333,476 | 830,905 | 593,454 | |
| Occupancy rate (%) | 99.0% | 99.1% | 99.4% | 98.4% | 99.8% | 99.4% | 100.0% | 100.0% | |
| Fair value of property portfolio1 | 5,193,215 | 3,928,725 | 3,491,787 | 2,922,562 | 1,978,265 | 1,360,263 | 877,761 | 644,9 | |
| BALANCE SHEET | |||||||||
| Shareholders’ equity | 2,214,417 | 2,202,175 | 2,175,565 | 1,305,736 | 699,78 | 543,467 | 466,23 | 390,305 | 361,978 |
| Gearing | |||||||||
| Net debt/total assets | 40.3% | 34.4% | 29.8% | 25.2% | 37.2% | 34.6% | 42.3% | 39.4% | 35.7% |
| INCOME STATEMENT - ANALYTICAL FORM | |||||||||
| Gross rental and renewable energy income | 69,003 | 51,23 | 17,618 | 12,078 | 11,653 | 16,627 | 17,046 | 16,806 | 17,073 |
| Net Property operating expenses | -5,534 | -8,223 | -2,219 | -3,784 | -2,555 | -1,123 | -1,941 | -2 | -1,097 |
| Net rental and renewable energy income | 63,469 | 43,007 | 15,399 | 8,294 | 9,098 | 15,504 | 15,105 | 14,806 | 15,976 |
| Joint Venture management fee income | 26,925 | 21,537 | 21,303 | 14,699 | 10,492 | 9,965 | 8,057 | 3,825 | 2,547 |
| Net valuation gains / (losses) on investment properties | 87,958 | -97,23 | 610,261 | 366,361 | 188,166 | 98,552 | 94,628 | 118,9 | 103,981 |
| Administration expenses | -48,863 | -33,956 | -52,112 | -29,296 | -21,1 | -18,167 | -19,353 | -15,446 | -13,451 |
| Share in the result of Joint Ventures and associates | -10,715 | -45,927 | 186,703 | 63,338 | 65,703 | 45,22 | 29,229 | 7,897 | 191 |
| Operating result | 118,774 | -115,569 | 776,554 | 423,396 | 252,359 | 151,074 | 127,666 | 129,982 | 109,244 |
| Net financial result | -6,031 | -27,008 | -12,654 | -8,591 | -14,238 | -13,97 | -10,466 | -16,906 | -10,154 |
| Taxes | -25,451 | 20,035 | -113,844 | -39,865 | -32,506 | -15,998 | -21,205 | -21,79 | -12,529 |
| Result for the year | 87,292 | -122,542 | 650,055 | 374,94 | 205,615 | 121,106 | 95,995 | 91,286 | 86,561 |