Cofinimmo - Annual Financial Report 2014

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Maturity of leases
The average remaining duration of all leases in effect on 31.12.2014
is 11.0 years1, if every tenant were to exercise their first break option.
This number increases to 12.1 years in case no break option was to
be exercised and all tenants were to remain in their rented space
until the contractual end of the leases.
Almost 48% of the leases of the overall portfolio have a term longer
than nine years, of which 27% of healthcare real estate alone.
Evolution of the weighed residual lease length
(in number of years)
2008 2009 2010 2011 2012 2013 2014
14
12
10
8
6
4
12.1
11.0
4.8
Global portfolio - Until the end of
the leases
Global portfolio - Until the first possible
break option
Offices - Until the first possible break option
Maturity of leases (in %)
Leases > 9 years 48.0%
Offices (public sector) 4.7%
Healthcare real estate 27.3%
Property of distribution networks - Pubstone 14.1%
Offices (private sector) 0.2%
Other 1.7%
Leases 6-9 years 13.7%
Offices 6.3%
Healthcare real estate 5.3%
Property of distribution networks - Cofinimur I 2.1%
Leases < 6 years 38.3%
Offices 30.3%
Healthcare real estate 6.2%
Property of distribution networks - Cofinimur I 1.6%
Other 0.2%
1 Until the first possible break option.
MANAGEMENT REPORT / Transactions and performances in 2014
Weighed residual lease length per segment1 (in years)
0 5 10 15 20 25
4.8
6.1
13.7
24.9
15.8
7.1
12.0
11.0
21.4
Offices
Healthcare Belgium
Healthcare France
Healthcare Netherlands
Healthcare Germany
Cafés/restaurants (Pubstone)
Insurance agencies (Cofinimur I)
Other
Global portfolio
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