Key Figures

in thousands of €

INVESTMENT PROPERTIES

2019

2018

2017

2016

2015

Own portfolio

 

 

 

 

 

Total lettable area (m²)

146,079

288,372

445,958

416,158

548,838

Occupancy rate (%)

100.0%

99.2%

100.0%

97.0%

97.3%

Fair value of property portfolio

792,944

576,143

627,737

550,262

677,084

 

 

 

 

 

 

Joint Venture’s portfolio (100%)

 

 

 

 

-

Total lettable area (m²)

1,764,640

1,333,476

830,905

593,454

-

Occupancy rate (%)

99.8%

99.4%

100.0%

100.0%

-

Fair value of property portfolio[1]

1,978,266

1,360,263

877,761

644,900

-

 

 

 

 

 

 

BALANCE SHEET

2019

2018

2017

2016

2015

Shareholders' equity

699,781

543,467

466,230

390,305

361,978

Gearing

 

 

 

 

 

Net debt / total assets

37.2%

34.6%

42.3%

39.4%

35.7%

 

 

 

 

 

 

INCOME STATEMENT

2019

2018

2017

2016

2015

Gross rental income

11,653

16,627

17,046

16,806

17,073

Property operating expenses

(2,556)

(1,123)

(1,941)

(2,000)

(1,097)

Net rental and related income

9,097

15,504

15,105

14,806

15,976

Property and facility management / development income

10,492

9,965

8,057

3,825

2,547

Net valuation gains / (losses) on investment property

188,165

98,552

94,628

118,900

103,981

Administrative costs

(21,100)

(18,167)

(19,353)

(15,446)

(13,451)

Share in the results of joint ventures and associates

65,703

45,220

29,229

7,897

191

Operating profit

252,357

151,074

127,666

129,982

109,244

Net financial result

(14,238)

(13,970)

(10,466)

(16,906)

(10,154)

Taxes

(32,506)

(15,998)

(21,205)

(21,790)

(12,529)

Profit for the year

205,613

121,106

95,995

91,286

86,561

 

[1]                Includes buildings under construction and development land which are/will be developed by VGP on behalf of the Joint Ventures.