Key Financial Figures

 

in thousands of €

INVESTMENT PROPERTIES

2020

2019

2018

2017

2016

2015

Own portfolio

 

 

 

 

 

 

Total lettable area (m2)

205,069

146,079

288,372

445,958

416,158

548,838

Occupancy rate (%)

100.0%

100.0%

99.2%

100.0%

97.0%

97.3%

Fair value of property portfolio

920,151

792,944

576,143

627,737

550,262

677,084

 

 

 

 

 

 

 

VGP Join ventures portfolio (100%)

 

 

 

 

 

 

Total lettable area (m2)

2,405,909

1,764,640

1,333,476

830,905

593,454

 

Occupancy rate (%)

98.4%

99.8%

99.4%

100.0%

100.0%

 

Fair value of property portfolio1

2,922,562

1,978,265

1,360,263

877,761

644,900

 

             

BALANCE SHEET

 

 

 

 

 

 

Shareholders’ equity

1,305,736

699,780

543,467

466,230

390,305

361,978

Gearing

 

 

 

 

 

 

Net debt/total assets

25.2%

37.2%

34.6%

42.3%

39.4%

35.7%

 

 

 

 

 

 

 

INCOME STATEMENT - ANALYTICAL FORM

 

 

 

 

 

 

Gross rental income

12,078

11,653

16,627

17,046

16,806

17,073

Property operating expenses

(3,784)

(2,555)

(1,123)

(1,941)

(2,000)

(1,097)

Net rental and related income

8,294

9,098

15,504

15,105

14,806

15,976

Property and facility management/development income

14,699

10,492

9,965

8,057

3,825

2,547

Net valuation gains / (losses) on investment properties

366,361

188,166

98,552

94,628

118,900

103,981

Administration and other expenses

(29,296)

(21,100)

(18,167)

(19,353)

(15,446)

(13,451)

Share in the result of joint Venture and associates

63,338

65,703

45,220

29,229

7,897

191

Operating profit

423,396

252,359

151,074

127,666

129,982

109,244

Net financial result

(8,591)

(14,238)

(13,970)

(10,466)

(16,906)

(10,154)

Taxes

(39,865)

(32,506)

(15,998)

(21,205)

(21,790)

(12,529)

Profit of the year

374,940

205,615

121,106

95,995

91,286

86,561