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%.
Investment portfolio
The total theoretical rent stood at €176 million at year-end 2024, an increase of €8 million compared with year-end 2023.
Economic value
The total number of residential units stood at 11,171 at year-end 2024, an increase of 16 units compared with year-end 2023. In 2024, we added 772 new-build homes and we sold 756 units.
Largest properties/districts
*The Vacancy determiniation includes the vacancy of residential properties.
Portfolio - operation
The portfolio gross rental income in 2024 was €172.3 million, compared to €164.2 million in 2023. This growth is a result of project completions in preceding quarters and the annual rental increase.
Portfolio - dynamics
In 2024, the ARC Fund standing portfolio increased to 11,171 homes with a value of €4.1 billion, compared to 11,155 homes with a value of €3.8 billion in 2023. In 2024, we invested €162.7 million in the pipeline.
Financial performance in 2024
In 2024, the portfolio value (including assets under construction) increased by €252 million (5.8%; 2023: -/-7.1%) due to positive revaluations, additions and new investments (term payments) offset by sales, resulting in a higher investment property
Fund performance
The total fund return for 2024, expressed as a percentage of the NAV based on the INREV Guidelines as of 1 January 2024, was 11.6% (2023: -/-5.1%).
Like-for-Like
We conduct a performance analysis based on like-for-like (LfL) figures to compare the performance of the ARC fund year over year.
MSCI Netherlands Residential Annual Property Index
The MSCI property index measures the returns on real estate properties and property portfolios.