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Management Report /
Data according to the EPRA Principles
60
/
Investment properties – Rental data
(x €1,000)
2013
SEGMENT
Gross rental
income of the
period
1
Net rental income
of the period
Available rental
space (in m
2
)
Passing rent at
the end of
the period
ERV
2
at the end
ofthe period
Vacancy rate at
the end of
the period
Offices
104,652
101,582
763,644
105,228
107,149
9.75%
Healthcare real estate Belgium
46,432
46,401
403,636
47,689
44,252
0.00%
Healthcare real estate France
28,476
28,477
234,298
28,066
29,007
1.93%
Healthcare real estate
Netherlands
835
835
5,821
854
844
0.00%
Healthcare real estate
75,743
75,713
643,755
76,609
74,103
0.00%
Pubstone - Belgium
20,002
20,002
316,268
19,963
18,373
0.00%
Pubstone - Netherlands
10,054
10,054
47,203
7,892
8,932
0.00%
Cofinimur I - France
7,747
7,747
59,572
10,299
8,167
1.03%
Property of distribution
networks
37,803
37,803
423,042
38,153
35,472
0.24%
Other
4,527
4,515
23,026
4,395
3,558
0.00%
TOTAL PORTFOLIO
222,724
219,613
1,853,467
224,385
220,282
5.04%
Investment properties – Valuation data
(x €1,000)
2013
SEGMENT
Fair value
of the portfolio
Changes in the fair
value over the period
EPRA Net
Initial Yield
Changes in the fair
value over the period
Offices
1,447,104
-22,332
6.05%
-1.52%
Healthcare real estate Belgium
747,969
5,982
6.18%
0.81%
Healthcare real estate France
418,130
2,906
6.29%
0.70%
Healthcare real estate Netherlands
11,250
-136
7.07%
-1.18%
Healthcare real estate
1,177,349
8,754
6.23%
0.75%
Pubstone - Belgium
272,243
886
6.43%
0.33%
Pubstone - Netherlands
150,650
386
6.46%
0.26%
Cofinimur I - France
109,925
1,333
6.57%
1.23%
Property of distribution networks
532,818
2,605
6.47%
0.49%
Other
59,205
1,040
6.76%
1.79%
TOTAL PORTFOLIO
3,216,476
-9,933
6.20%
-0.31%
Reconciliation with IFRS consolidated income statement
Investment properties under development
130,533
-16,327
TOTAL
3,347,009
-26,260
1
Writeback of lease payments sold and discounted included.
2
ERV = Estimated Rental Value.
3
First break option for the tenant.
Investment properties – Lease data
(x €1,000)
Figures depending on the lease ends
Segment
Average lease length (in years)
Passing rents of the leases
maturing in:
ERV
2
of the leases maturing in:
Until the break
3
Until the end
of the lease
Year 1
Year 2 Years 3-5
Year 1
Year 2 Years 3-5
Offices
6.9
7.7
7,229
3,138 35,984
6,151
2,882
31,151
Healthcare real estate
Belgium
21.7
21.7
-
-
-
-
-
-
Healthcare real estate France
7.0
7.0
537
-
-
700
-
-
Healthcare real estate
Netherlands
13.7
13.7
-
-
-
-
-
-
Healthcare real estate
16.3
16.3
537
-
-
700
-
-
Pubstone - Belgium
16.8
20.8
-
-
-
-
-
-
Pubstone - Netherlands
16.8
20.8
-
-
-
-
-
-
Cofinimur I - France
7.8
7.8
1,024
-
203
1,073
-
212
Property of distribution
networks
15.0
18.1
1,024
-
203
1,073
-
212
Other
13.0
14.2
-
-
-
-
-
-
TOTAL PORTFOLIO
11.6
12.5
8,790
3,138
36,187
7,924
2,882
31,363