Key figures
Consolidated Key Figures
The fiscal year 2023 relates to the period running from January 1st 2023 to December 31st 2023.
Real Estate Portfolio
31/12/2023 | 31/12/2022 | ||
|---|---|---|---|
Fair Value of the real estate portfolio | (KEUR) | 224,406 | 233,254 |
Total gross surface area | (m2) | 77,436 | 80,338 |
Contractual Rents on an annual basis | (KEUR) | 14,092 | 14,777 |
Estimated Rental Value of vacant property | (KEUR) | 104 | 643 |
Gross portfolio yield | 6.43% | 6.34% | |
Occupancy rate | 99.24% | 99.35% |
Balance sheet
31/12/2023 | 31/12/2022 | ||
|---|---|---|---|
Shareholders' equity (excl. minority interests) | (KEUR) | 118,899 | 125,380 |
Debt Ratio (under the RREC Act) | 52.19% | 53.64% |
Consolidated Profit-and-loss Account
31/12/2023 | 31/12/2022 | ||
|---|---|---|---|
Net rental income | (KEUR) | 14,164 | 12,530 |
Operating result before result on the portfolio | (KEUR) | 11,529 | 9,731 |
Operating margin | 81.4% | 77.7% | |
Portfolio result | (KEUR) | -4,656 | -972 |
Financial result | (KEUR) | -7,833 | 3,876 |
Taxes | (KEUR) | -1,495 | -38 |
Net result (group share) | (KEUR) | -2,455 | 12,598 |
Adjustment for portfolio result | (KEUR) | 4,656 | 972 |
Adjustment for changes in the Fair Value of the financial assets and liabilities (non-effective interest rate hedging) | (KEUR) | 4,066 | -6,203 |
Adjustment for deferred taxes in respect of EPRA adjustments | (KEUR) | 1,409 | -99 |
ERPA result | (KEUR) | 7,676 | 7,447 |
Key figures per share
31/12/2023 | 31/12/2022 | ||
|---|---|---|---|
Total number of shares outstanding at the end of period | 7,798,886 | 7,582,737 | |
Weighted average number of shares | 7,704,136 | 7,479,258 | |
Net result per share | (EUR) | -0.32 | 1.68 |
EPRA earnings per share | (EUR) | 1.00 | 1.00 |
Closing price of the share at the end of period | (EUR) | 10.10 | 9.14 |
IFRS NAV per share | (EUR) | 15.25 | 16.53 |
Premium/discount to IFRS NAV (end of period) | -33.8% | -44.7% | |
EPRA NAV per share | (EUR) | 15.09 | 15.65 |
Premium/discount to EPRA NAV (end of period) | -33.1% | -41.6% |
