Composition of the property portfolio

Property assets

Amounts in EUR x Million	Book value
Investment property	3,760
Assets held for sale	12
	3,772

Assets under construction	540

Total	4,312

Composition of the portfolio

Amounts in EUR x Million	Number of homes	Bookvalue
Residential portfolio (individually rented)	11,155	3,696
Commercial/other	-	76
Total	11,155	3,772

Composition of the residential portfolio by type

Amounts in EUR x Million	Number of homes	Bookvalue
Single-family	3,603	1,152
Multi-family	7,552	2,544
Total	11,155	3,696

Composition of the residential portfolio by region*

Amounts in EUR x Million	Number of homes	Bookvalue
Amsterdam & Utrecht	3,283	1,265
Rotterdam & The Hague	1,914	619
Central Circle - North Wing - Satellites	1,643	542
Central Circle - East - Regional Cities	1,568	457
Central Circle - South Wing - Satellites	1,127	347
Central Circle - South Wing - Remainder	541	162
Regional Economic Centres	494	130
Central Circle - East - Satellites	296	87
Central Circle - East - Remainder	136	40
Central Circle - North Wing - Remainder	107	34
Remaining Regions	46	13
Total	11,155	3,696

^{Region *
Central Circle - North Wing:}^{- Amsterdam and Utrecht
- Satellite cities, including Almere, Amersfoort, Haarlem, and IJsselstein.
- Remainder, including Blaricum, Uithoorn and Veenendaal.}^{Central Circle –South Wing:}^{- Rotterdam and The Hague
- Satellite cities, including Berkel en Rodenrijs, Delft, Leiden,and Nootdorp.
- Remainder, including Alphen aan denRijn, Barendrecht, and Gouda.}

^{Central Circle East:}^{- Regional cities: Eindhoven, Breda, Tilburg, 's-Hertogenbosch, Arnhem, Nijmegen, Apeldoorn, Ede.
- Satellite cities, including Elst, Nuenen, and Oosterhout.
- Remainder, including Culemborg, Geldermalsen, and Velp}^{National Periphery:}^{- Regional Economic Centres: Groningen, Leeuwarden, Zwolle, Deventer, Enschede.
- Remaining Regions}

Composition of the residential portfolio by rent class

Amounts in EUR x Million	Number of homes	Bookvalue
Low	534	125
Lower-Mid	4,234	1,175
Upper-Mid	4,838	1,652
High	1,549	683
	11,155	3,635

_{Excluding e.g. parking lots and indoor storage.}

Yield according to the MSCI Residential Index

	ARC Fund total	MSCI Total	ARC Fund SI**	MSCI SI**
Income return 2023	3.5%	3.1%	3.5%	3.3%
Capital growth 2023	(5.6%)	(8.9%)	(6.0%)	(8.8%)
Total return 2023	(2.3%)	(6.1%)	(2.8%)	(5.8%)

Income return 3 year average	3.3%	2.9%	3.3%	3.1%
Capital growth 3 year average	0.5%	0.3%	0.3%	0.3%
Total return 3 year average	3.8%	3.2%	3.6%	3.4%

Income return 5 year average	3.3%	2.9%	3.3%	3.1%
Capital growth 5 year average	3.8%	3.2%	2.6%	2.8%
Total return 5 year average	7.3%	6.2%	6.0%	6.0%

Income return 7 year average	3.5%	3.1%	3.5%	3.3%
Capital growth 7 year average	6.7%	6.2%	5.1%	5.6%
Total return 7 year average	10.4%	9.5%	8.8%	9.1%

Income return 10 year average	3.9%	3.5%	3.9%	3.7%
Capital growth 10 year average	6.2%	6.2%	5.0%	5.6%
Total return 10 year average	10.3%	9.9%	9.1%	9.5%

** SI = Standing investments

Composition of the committed pipeline by residential type

Amounts in EUR x Million	Number of homes	Bookvalue
Single-family	42	12
Multi-family	2,227	874
Total	2,269	886

Composition of the committed pipeline by region*

Amounts in EUR x Million	Number of homes	Bookvalue
Rotterdam & The Hague	818	354
Amsterdam & Utrecht	411	173
Central Circle - North Wing - Satellites	544	200
Central Circle - South Wing - Satellites	295	105
Central Circle - East - Regional Cities	201	54
Total	2,269	886

^{Region *}
^{Central Circle: Big Four}^{- Four largest centres in the Netherlands (Amsterdam, Utrecht, The Hague and Rotterdam) and their suburbs Central Circle: Remainder - Remaining urban regions in the Randstad, Brabant and Gelderland (including, Leiden, Delft, Arnhem, Nijmegen, ‘s-Hertogenbosch and Eindhoven)}
^{Regional Economic Centrals}^{- Urban regions of Zwolle, Groningen and Deventer}
^{Remaining Regions}^{- Remaining regions}

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Key figures 2023

Materiality matrix and material themes