Key figures
Amounts in EUR x 1 million | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
Fund returns (as a percentage of the INREV NAV as at 1 January) | |||||
Income return | 4.2% | 4.4% | 4.7% | 5.0% | 5.2% |
Capital gains | 6.6% | 3.6% | 2.7% | 7.9% | 7.7% |
Total return | 10.8% | 8.0% | 7.4% | 12.9% | 12.9% |
Dividend yield (dividend from operations / INREV NAV as at 1 January) | 4.2% | 4.4% | 4.7% | 5.1% | 5.0% |
Dividend | |||||
Dividend from divestments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Total dividend | 16.5 | 14.3 | 13.5 | 11.3 | 9.0 |
Total comprehensive income of the year | 42.3 | 26.3 | 21.3 | 28.9 | 22.9 |
Real estate returns (as a percentage of the average real estate portfolio value) | |||||
Direct return/Cash yield | 5.3% | 5.3% | 5.6% | 6.4% | 6.4% |
Indirect return by selling (2) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Indirect return by value changes | 6.9% | 3.2% | 2.9% | 7.6% | 7.6% |
Total return | 10.8% | 8.0% | 7.4% | 12.9% | 12.9% |
Cash yield (= 1 + 2) | 5.3% | 5.3% | 5.6% | 6.4% | 6.4% |
Gross initial yield | 5.4% | 5.8% | 6.0% | 6.6% | 6.6% |
Amounts in EUR x 1 million | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
Dividend from divestments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Total dividend | 16.5 | 14.3 | 13.5 | 11.3 | 9.0 |
Real estate results | |||||
Net rental income | 18.6 | 15.8 | 14.6 | 12.9 | 10.5 |
Other income | 0.6 | 1.0 | 1.0 | 0.4 | 0.0 |
Realised capital gains (2) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Unrealised capital gains | 25.7 | 11.9 | 7.8 | 17.5 | 13.7 |
Total income | 44.9 | 28.7 | 23.4 | 30.8 | 24.2 |
Balance sheet | |||||
Investment property as at 31 December before revaluation | 358.7 | 315.4 | 266.7 | 229.6 | 175.5 |
Fair value adjustments investment property | 24.5 | 9.6 | 7.4 | 16.4 | 12.5 |
Investment property as at 31 December after revaluation | 383.2 | 325.0 | 274.1 | 246.0 | 188.1 |
Total assets (balance sheet total) | 467.1 | 382.2 | 327.3 | 283.5 | 230.0 |
Total Equity | 458.6 | 375.9 | 321.9 | 276.1 | 222.5 |
Key indicators/ratios | |||||
Equity capital divided by balance sheet total | 98.2% | 98.4% | 98.3% | 97.4% | 96.7% |
Occupancy rate (as a percentage of the theoretical rental income) | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
Cost percentage (as a percentage of the theoretical rental income) | 7.6% | 6.2% | 5.1% | 3.5% | 3.2% |
INREV NAV as at 1 January | 391.9 | 321.9 | 276.2 | 222.5 | 176.3 |
INREV NAV as at 31 December | 462.9 | 375.9 | 321.9 | 276.2 | 222.5 |
Letting portfolio (number of units) | 1,738 | 1,594 | 1,394 | 1,274 | 1,036 |
Letting portfolio (number of properties) | 85 | 79 | 69 | 63 | 52 |