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Sla artikel navigatie over.Real estate sensitivity analysis
A. Real Estate Sensitivity Analysis by movement in gross current yield
Movement in gross current yield | |||||
2024 (EUR x 1,000) | -25 bps | -12,5 bps | 0 bps | +12,5 bps | +25 bps |
As at 31 December 2024 | |||||
Market value property | 4,364,801 | 4,245,233 | 4,132,042 | 4,024,730 | 3,922,850 |
Gross current yield based on theoretical rent | 4.4% | 4.6% | 4.7% | 4.8% | 4.9% |
Revaluation of investment property in EUR | 232,759 | 113,191 | - | (107,312) | (209,191) |
Revaluation of investment property in % | 5.6% | 2.7% | 0.0% | (2.6%) | (5.1%) |
Effect on total return | 7.0% | 3.4% | 0.0% | (3.2%) | (6.3%) |
Loan-to-value | 21.0% | 22.1% | 23.2% | 24.4% | 25.7% |
Movement in gross current yield | |||||
2023 (EUR x 1,000) | -25 bps | -12,5 bps | 0 bps | +12,5 bps | +25 bps |
As at 31 December 2023 | |||||
Market value property | 3,973,935 | 3,870,069 | 3,771,494 | 3,677,816 | 3,588,679 |
Gross current yield based on theoretical rent | 4.7% | 4.8% | 4.9% | 5.0% | 5.2% |
Revaluation of investment property in EUR | 202,441 | 98,575 | - | (93,678) | (182,815) |
Revaluation of investment property in % | 5.4% | 2.6% | 0.0% | (2.5%) | (4.8%) |
Effect on total return | 5.7% | 2.8% | 0.0% | (2.6%) | (5.1%) |
Loan-to-value | 20.8% | 21.3% | 21.8% | 22.3% | 22.8% |
B. Sensitivity to a 1% parallel shift in interest rates
EUR x 1,000 | +1% | -1% |
2024 | ||
Interest expenses on financial liabilities | (500) | 500 |
Total impact on net result | (500) | 500 |
EUR x 1,000 | +1% | -1% |
2023 | ||
Interest expenses on financial liabilities | (3,039) | 3,039 |
Total impact on net result | (3,039) | 3,039 |
Sensitivity to a 1% parallel shift in interest rates is only applicable for facilities with a floating interest rate.
C. Undiscounted amount by contractual maturity of financial instruments
EUR X 1,000 | < 1 year | 1-5 years | > 5 years |
As at 31 December 2024 | |||
Cash and cash equivalents | 105,772 | - | - |
Trade and other receivables | 12,400 | - | - |
(Un)Secured debt securities | (125,000) | (500,000) | (435,000) |
Trade and other payables | (196,821) | - | - |
EUR X 1,000 | < 1 year | 1-5 years | > 5 years |
As at 31 December 2023 | |||
Cash and cash equivalents | 16,271 | - | - |
Trade and other receivables | 8,422 | - | - |
(Un)Secured debt securities | - | (805,000) | (135,000) |
Trade and other payables | (60,020) | - | - |