Cofinimmo - Annual Financial Report 2014

For more details on the rental data, see the chapter “Property report” of this

Annual Financial Report.

Writeback of lease payments sold and discounted included.

ERV = Estimated Rental Value.

For more details on the valuation data, see the Management report, chapter

“Offices” on page 44, chapter “Healthcare real estate” on page 52 and chapter

“Property of distribution networks” on page 60.

DATA ACCORDING TO THE EPRA PRINCIPLES

Investment properties – Rental data

(x €1,000)

2014

SEGMENT

Gross rental

income

of the period

Net rental

income

of the period

Available

rental space

(in m

)

Passing rent

at the end

of the period

ERV

at the end

of the period

Vacancy rate

at the end

of the period

Offices

93,763

90,355

654,115

87,814

94,130

9.96%

Healthcare real estate

Belgium

48,926

48,894

429,087

50,950

49,152

0.00%

Healthcare real estate France

26,796

26,795

210,544

24,880

28,112

2.49%

Healthcare real estate

Netherlands

1,462

38,193

5,594

5,254

0.39%

Healthcare real estate

Germany

4,637

833

0.00%

Healthcare real estate

77,253

77,220

682,461

82,257

83,351

0.86%

Pubstone - Belgium

19,856

312,811

19,583

18,229

1.06%

Pubstone - Netherlands

10,255

48,076

10,271

9,177

1.29%

Cofinimur I - France

7,973

59,868

7,731

8,311

3.60%

Property of distribution

networks

38,084

420,755

37,585

35,717

1.71%

Other

4,502

4,452

23,026

4,411

4,237

0.18%

TOTAL PORTFOLIO

213,602

210,111

1,780,357

212,065

217,435

4.93%

Investment properties – Valuation data

(x €1,000)

2014

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

1,246,275

-12,826

5.75%

-1.02%

Healthcare real estate Belgium

804,955

6,672

6.14%

0.84%

Healthcare real estate France

375,417

454

6.20%

0.12%

Healthcare real estate Netherlands

75,890

1,754

7.15%

2.37%

Healthcare real estate Germany

11,400

868

6.95%

8.25%

Healthcare real estate

1,267,662

9,748

6.22%

0.78%

Pubstone - Belgium

272,202

-508

6.30%

-0.19%

Pubstone - Netherlands

149,396

-1,899

6.27%

-1.26%

Cofinimur I - France

111,740

1,137

6.41%

1.03%

Property of distribution networks

533,338

-1,270

6.31%

-0.24%

Other

62,943

3,727

6.38%

6.29%

TOTAL PORTFOLIO

3,110,218

-621

6.06%

-0.02%

Reconciliation with IFRS consolidated income

statement

Investment properties under development

88,965

-4,834

TOTAL

3,199,183

-5,455

130