Key Figures

Key figures

in thousands of €

Investment Properties1H 2018201720162015201420132012
Own portfolio
TOTAL LETTABLE AREA (m2) 320,122 445,958 416,158 548,838 268,232 761,724 674,595
OCCUPANCY RATE (%) 99.2% 100.0% 97.0% 97.3% 94.0% 96.2% 94.5%
FAIR VALUE PROPERTY PORTFOLIO 515,932 627,737 682,525 677,084 416,089 225,804 101,629
VGP European Logistics portfolio (100%)
TOTAL LETTABLE AREA (m2) 1,269,614 830,877 593,454
OCCUPANCY RATE (%) 99.4% 100.0% 100.0%
FAIR VALUE PROPERTY PORTFOLIO 1,291,244 935,435 594,198
balance sheet1H 2018201720162015201420132012
SHAREHOLDERS´ EQUITY 505,711 466,230 390,305 361,978 215,417 166,057 151,260
GEARING
   NET DEBT/SHAREHOLDERS´EQUITY 0.70 0.94 0.87 0.71 0.72 0.55 N.A.
   NET DEBT/TOTAL ASSETS 33.8% 42.3% 39.4% 35.7% 33.2% 24.9% N.A.
INCOME STATEMENT - ANALYTICAL FORM1H 2018201720162015201420132012
GROSS RENTAL INCOME 8,970 17,046 16,806 17,073 9,596 4,613 3,071
PROPERTY OPERATING EXPENSES AND NET SERVICE CHARGE INCOME /(EXPENSES) (981) (1 053) (668) (550) (1,082) (818) (780)
NET RENTAL AND RELATED INCOME 7,989 15,993 16,138 16,523 8,514 3,795 2,291
PROPERTY AND FACILITY MANAGEMENT / DEVELOPMENT INCOME 4,585 8,057 3,825 2,547 3,407 3,875 2,724
OTHER INCOME/(EXPENSES) INCL. ADMINISTRATIVE COSTS (8,025) (20,241) (16,778) (13,998) (7,089) (4,850) (4,418)
SHARE IN THE RESULTS OF ASSOCIATES 24,777 29,229 7,897 191 14,473 1,526 (1,615)
OPERATING RESULT (BEFORE RESULT ON PORTFOLIO)     11,082 5,263 19,305 4,346 (1,018)
NET CURRENT RESULT     (4,702) 621 9,463 4,095 1,294
NET VALUATION GAINS/(LOSSES) ON INVESTMENT PROPERTY 61,734 94,628 118,900 103,981 53,920 27,872 12,347
DEFERRED TAXES     (22,912) (18,041) (14,024) (7,665) (2,062)
RESULT ON PROPERTY PORTFOLIO     95,988 85,940 39,896 20,207 10,285
               
PROFIT OF THE YEAR 74,789 95,995 91,286 86,561 49,359 24,302 11,579

 

BREAKDOWN OF PORTFOLIO LETTABLE AREA (in thousands of m²)
                                                                                                                                                                            

AS AT 30 JUNE 2017 (JV at 100%)

                                                                         

No. of parks
                        
Land area
 (‘000 m²)   
Completed
                      

Under
Construction
             

Remaining
Potential  

Total GLA
                       

Total GAV
(€ millions)     
                                                         

Germany 16 2,533 m² 501 m² 300 m² 436 m² 1,237 m² € 732.9
Czech Republic 10 1,293 m² 213 m² 143 m² 188 m² 543 m² € 254.2
Spain 2 497 m² 181 m² 23 m² 246 m² 450 m² € 205.5
Slovakia 2 640 m² 69 m² 18 m² 215 m² 302 m² € 53.6
Hungary 2 207 m² 61 m² 12 m² 12 m² 85 m² € 50.5
Romania 2 376 m² 72 m² - m² 97 m² 169 m² € 38.2
Latvia 1 147 m² - m² 20 m² 40 m² 60 m² € 9.5
Estonia 1 155 m² 66 m² 11 m² - m² 77 m² € 50.1
Total 36 5,848 m² 1,162 m² 528 m² 1,234 m² 2,924 m² € 1,394.5


Download table of key figures (pdf)