Interim report 30-09-2018
07-11-2018
  • EPRA earnings of € 25.2 million in the first 9 months of 2018, for an increase of 27% compared with the same period the previous year
  • EPRA earnings per share of € 2.08, up by 10% compared with the first 9 months of 2017
  • Operating margin amounted to 92.7% in the first 9 months of 2018
  • Occupancy rate of 97.9% at the end of Q3 2018, compared with 96.6% at the end of Q2 2018
  • Average term of leases on first expiry date of 8.6 years compared with 7.4 years at the end of Q2 2018
  • Increase in fair value of the property portfolio of 10% to € 872 million compared with € 793 million at the end of Q2 2018. In 2018, the property portfolio increased by € 153 million or 21% compared with the end of Q4 2017.
  • Debt ratio of 51.2% at the end of Q3 2018 – Average term of loans of 4.6 years – Average term of rate hedges of 7.4 years
  • Outlook for 2018:
    • EPRA earnings per share expected to grow over 10% for 2018
    • Property portfolio expected to exceed € 900 million at year end
    • Occupancy rate > 98% end 2018 – Above the annual target of 95%
    • Average term leases on first expiry date > 8 years at the end of 2018 – Above the target of 7 years
    • Operating margin of 92% on annual basis