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KEY FIGURES
Global information
(x 1,000,000 EUR)
31.12.2015
31.12.2014
Portfolio of investment properties (in fair value)
3,134.4
3,199.2
(x 1,000 EUR)
31.12.2015
31.12.2014
Property result
207,534
208,074
Operating result before result on the portfolio
174,341
177,742
Financial result (excluding IAS 39 impact)
-37,235
-51,432
IAS 39 impact
-30,403
-136,143
Net current result - Group share
97,706
-15,655
Result on the portfolio - Group share
6,261
-37,016
Net result - Group share
103,967
-52,671
31.12.2015
31.12.2014
Operating costs/average value of the portfolio under management
1
0.93%
0.85%
Operating margin
84.0%
85.4%
Weighted residual lease term
2
(in years)
10.5
11.0
Occupancy rate
3
94.9%
95.2%
Gross rental yield at 100% occupancy
6.9%
6.9%
Net rental yield at 100% occupancy
6.4%
6.5%
Debt ratio
4
38.6%
48.1%
Cost of debt
5
2.9%
3.4%
Average debt maturity (in years)
5.3
3.4
1
Average value of the portfolio plus the value of sold receivables relating to buildings for which maintenance costs payable by the owner are still met by the Group through total cover
insurance premiums.
2
Up until the date of the tenant’s first break option.
3
Calculated according to the actual rents and, for unoccupied buildings, the rental value estimated by the independent real estate experts.
4
Legal ratio calculated in accordance with the legislation regarding RREC as financial and other debts divided by total assets.
5
Including bank margins.
16
Management report /
Key figures