Portfolio - composition

At the end of 2024, the ARC Fund standing portfolio consisted of 11,171 homes with a book value of €4.1 billion. The average book value per home increased by 4.5%.

Figure 14: Total portfolio by type

^{Composition by book value}

Multi-family homes account for 68% of the portfolio, while single-family homes make up 30% of the portfolio. The committed pipeline includes almost exclusively multi-family housing projects. Approximately 2% of the total investment portfolio value consists of commercial real estate units embedded in residential buildings in the portfolio. The four largest cities in the Netherlands continue to be well represented, accounting for 51% of the portfolio.

Figure 15: Total portfolio by region

^{Composition by book value}

Figure 16: Residential portfolio by rental price

^{Composition by book value}

The ARC Fund's focus remains on the mid-priced segment, which accounts for 75% of the portfolio's rental income. As a result of the recent implementation of the Affordable Rent Act, we now define the lower-mid-priced segment as 'middle-rent' and the upper-mid-priced segment as 'free market affordable'. Together, these two segments form the mid-priced segment. The middle-rent segment includes homes with a monthly rent of €879 to €1,157 and accounts for 31% of the portfolio. The free market affordable segment starts at €1,157. The upper limit is dependent on the region and ranges from €1,250 (Remaining Regions) to €1,600 (Amsterdam and Utrecht). The free market affordable segment accounts for 44% of the portfolio. See table on page 126 of the annex for a complete overview.

^{* Please refer to the KPI tables in the Annexes. KPIs include limited assurance by external auditor. A separate assurance report is included on page 93.}

Figure 17: Total portfolio by age

At year-end 2024, the weighted average building year of the portfolio was 2012. 72% of properties were constructed within the last 15 years. Additionally, we have achieved our goal of realising energy label A or B for all assets in the portfolio, in alignment with SFDR standards for Article 8 funds (Light Green). The construction year isn't corrected for renovations.

Figure 18: Distribution of energy labels

^{* Please refer to the KPI tables in the Annexes. KPIs include limited assurance by external auditor. A separate assurance report is included on page 93.}