Annual financial press release 31-12-2017
22-02-2018

SOLID RESULTS BASED UPON PORTFOLIO GROWTH OF €167 MILLION (+ 30%) IN FINANCIAL YEAR 2017:

  • EPRA result per share of € 2.58 compared with € 2.47 in 2016 (increase of 4.5%)
  • Proposed gross dividend of € 2.17 per share compared with € 2.11 in 2016 (increase of 3%)
  • Increase of the fair value of the property portfolio by € 552 million to € 719 million in 2017 (growth of € 167 milliion or 30%)
  • Average term of leases on first expiry date of 7.5 years 
  • Debt ratio of 51.9% – Average term of finances of 5.5 years  – Average term of interest rate hedges of 7.7 years

Prospects for 2018:

  • EPRA result per share grows by 5% / dividend per share grows by 3%
  • Property portfolio grows to exceed  € 800 million 
  • Occupancy rate remains above 95% - term of leases amounts to more than 7 years
  • Operating margin of 92% on an annual basis