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Figures per share
1
(in €)
Results per share
31.12.2014
31.12.2013
Net current result – Group share – excluding IAS39 impact
6.70
6.78
IAS39 impact
-7.57
-0.82
Net current result – Group share
-0.87
5.96
Realised result on the portfolio
-2.06
-2.62
Net result – Group share
-2.93
3.34
Net asset value per share
31.12.2014
31.12.2013
Revalued net asset value in fair value
2
after distribution of the dividend for the year 2013
85.80
85.77
Revalued net asset value in investment value
3
after distribution of the dividend for the year
2013
90.08
90.24
Diluted net asset value per share
4
31.12.2014
31.12.2013
Diluted revalued Net Asset Value in fair value
2
after distribution of dividend for the year 2013
92.01
90.58
Diluted revalued Net Asset Value in investment value
3
after distribution of dividend for the year
2013
95.54
94.40
EPRA performance indicators
5
(in € per share)
31.12.2014
31.12.2013
EPRA Earnings
6.70
6.78
EPRA Net Asset Value (NAV)
96.08
98.85
EPRA Adjusted Net Asset Value (NNNAV)
92.01
95.74
(in %)
31.12.2014
31.12.2013
EPRA Net Initial Yield (NIY)
6.1%
6.2%
EPRA “Topped-up” NIY
6.0%
6.2%
EPRA Vacancy Rate
4.9%
5.0%
EPRA Cost ratio (direct vacancy costs included)
18.5%
18.9%
EPRA Cost ratio (direct vacancy costs excluded)
15.9%
16.0%
1
Ordinary and preference shares.
2
Fair value: after deduction of transactions costs (mainly transfer taxes) from the
value of investment properties.
3
Investment value: before deduction of transactions costs.
4
By assuming the theoretical conversion of the convertible bonds issued by
Cofinimmo, the mandatory convertible bonds issued by Cofinimur I and the stock
options.
5
These data are not compulsory according to the RREC regulation and are not
subject to verification by public authorities. The Auditor verified that the “EPRA
Earnings”, “EPRA NAV” and “EPRA NNNAV” ratios are calculated according to the
definitions included in the “2014 EPRA Best Practices Recommendations” and
that the financial data used in the calculation of these ratios comply with the
accounting data included in the audited consolidated financial statements.
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