Key Figures

in thousands of €

INVESTMENT PROPERTIES 2018 2017 2016 2015 2014
Own portfolio          
TOTAL LETTABLE AREA (m2) 288,372 445,958 416,158 548,838 268,232
OCCUPANCY RATE (%) 99.2% 100.0% 97.0% 97.3% 94.0%
FAIR VALUE PROPERTY PORTFOLIO 576,143 627,737 550,262 677,084 416,089
 

VGP European Logistics portfolio (100%)          
TOTAL LETTABLE AREA (m2) 1,333,476 830,877 593,454    
OCCUPANCY RATE (%) 99.4% 100.0% 100.0%    
FAIR VALUE PROPERTY PORTFOLIO 1,360,263 877,761 644,900    

 

BALANCE SHEET 2018 2017 2016 2015 2014
SHAREHOLDERS´ EQUITY 543,467 466,230 390,305 361,978 215,417
GEARING          
   NET DEBT/SHAREHOLDERS´EQUITY 0.77 0.94 0.87 0.71 0.72
   NET DEBT/TOTAL ASSETS 34.6% 42.3% 39.4% 35.7% 33.2%

 

INCOME STATEMENT - ANALYTICAL FORM 2018 2017 2016 2015 2014
GROSS RENTAL INCOME                                                                          16,627 17,046 16,806 17,073 9,596
PROPERTY OPERATING EXPENSES 
AND NET SERVICE CHARGE INCOME /(EXPENSES)
(1,123) (1,941) (2,000) (1,097) (1,615)
NET RENTAL AND RELATED INCOME  15,504 15,105 14,806 15,976 7,981
PROPERTY, AND FACILITY MANAGEMENT/ DEVELOPMENT INCOME 9,965 8,057 3,825 2,547 3,407
NET VALUATION GAINS/(LOSSES) ON INVESTMENT PROPERTY 98,552 94,628 118,900 103,981 53,920
ADMINISTRATIVE EXPENSES (18,167) (19,353) (15,446) (13,451) (6,556)
SHARE IN THE RESULTS OF JOINT VENTURE AND ASSOCIATES 45,220 29,229 7,897 191 14,473
OPERATING PROFIT 151,074 127,666 129,982 109,244 73,225
NET FINANCIAL RESULT (13,970) (10,466) (16,906) (10,154) (7,675)
TAXES  (15,998) (21,205) (21,790) (12,529) (16,191)
PROFIT OF THE YEAR  121,106 95,995  91,286  86,561  49,359