Financial results

Key figures

For a detailed calculation of the key figures see the lexicon and APM terminology document.

Operational key figures30.09.2023 31.12.202231.12.202131.12.202031.12.2019
Fair value of investment properties (in millions €)1.425 1.3331.2091.018893
Leasable space (in thousands m²)1.431 1.2591.1111.046946
Yield on fair value available for lease* (%)6,2% 6,0%6,4%6,9%7,2%
Yield on fair value available for lease including estimated rental value on vacancy* (%)6,8% 6,7%6,8%7,4%7,7%
Average duration of lease agreements (up to first expiry date) (year)4,5 4,94,344,3
Occupancy rate entire portfolio (%)91% 90%94%93%93%
Occupancy rate office portfolio (%)81% 76%87%88%90%
Occupancy rate logistics portfolio Belgium (%)93% 96%99%95%94%
Occupancy rate logistics portfolio The Netherlands (%)100% 100%100%98%100%
Logistics to Office real estate ratio77/23 27/7332/6837/6339/61

* Yield is calculated as the ratio of contractual rents (whether or not increased by the estimated rental value of unoccupied rental premises) and the fair value of investment properties.

Financial results - Group share30.09.202330.09.2022 2022202120202019
EPRA earnings (000 €)31.85835.382 45.46745.17640.35546.820
Result on disposals of investment properties-4.123551 4781981981.670
Changes in fair value of investment properties13.13429.020 -26.10666.02066.02015.454
Other result on portfolio-3.066-8.003 3.920-11.205-11.205-9.083
Changes in fair value of financial assets and liabilities-1.23431.205 32.2574.2174.217-2.311
Minority interests regarding the above-3.629-5.135 -4.302-6.306-6.306-2.654
Net result - Group Share (000 €)32.94183.021 51.71498.10043.43165.765
Weighted average number of shares30.825.12226.431.527 26.664.87825.983.00625.164.12624.516.858
Net result per share (€)1,113,14 1,943,781,732,68
EPRA earnings per share (€)1,071,34 1,711,741,61,91
Gross dividend per share (€)-- -1,531,531,53
Balance sheet data30.09.2023 31.12.202231.12.202131.12.202031.12.2019
Shareholders’ equity (000 €)734.382 721.410636.535554.414524.433
Liabilities (000 €)787.736 707.370600.422493.579394.430
Debt ratio (%)49,4% 48%45,00%42,99%39,00%
Number of shares at the end of the period30.825.122 29.235.06726.300.90825.500.67224.657.003
Net value (fair value) per share (€)22,83 23,7223,6721,4621,25
Share price (€)13,70 19,2428,2022,5525,60
Premium (+) / discount (-) to net value (fair Value) (%)-40,0% -19%19%5%20%