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Portfolio - dynamics

In 2025, the ARC Fund standing portfolio increased to 11,181 homes with a value of €4.5 billion, compared to 11,171 homes with a value of €4.1 billion in 2024. We also invested €142.7 million in the pipeline.

Financial performance in 2022

In 2022, the portfolio value (including assets under construction) increased by EUR 36 million (0.8%; 2021: 13.3%). This result is driven by a combination of acquisitions on the one hand, and negative revaluations on the other.

Financial performance in 2023

In 2023, the portfolio value (including assets under construction) decreased by EUR 100 million (-/-7.1%; 2022: -/-2.0%) due to four quarters of negative revaluations. Investor interest remained low amidst rising interest rates.

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

Financial performance in 2025

In 2025, the portfolio value (including assets under construction) increased by 6.0% (2024: 5.8%) due to positive revaluations, additions and new investments (term payments) offset by sales, resulting in a higher investment property position on a