Consolidated Key Figures

The fiscal year 2021 relates to the period running from January 1st 2021 to December 31st 2021.

Real Estate Portfolio



31/12/2021

31/12/2020

Fair Value of the real estate portfolio

(KEUR)

209,120

208,430

Total gross surface area

(m2)

69,883

68,930

Contractual Rents on an annual basis

(KEUR)

11,248

12,863

Estimated Rental Value of vacant property

(KEUR)

774

318

Gross portfolio yield

5,95%

6,17%

Occupancy rate

98,20%

97,59%

Balance sheet



31/12/2021

31/12/2020

Shareholders' equity (excl. minority interests)

(KEUR)

116,326

117,506

Debt Ratio (under the RREC Act)


50,29%

48,79%

Consolidated Profit-and-loss Account



31/12/2021

31/12/2020

Net rental income

(KEUR)

11,534

11,135

Operating result before result on the portfolio

(KEUR)

9,139

8,914

Operating margin


79,2%

80,1%

Portfolio result

(KEUR)

-6,207

-12,731

Financial result

(KEUR)

-1,233

-2,024

Taxes

(KEUR)

628

527

Net result (group share)

(KEUR)

2,327

-5,315

Adjustment for portfolio result

(KEUR)

6,207

12,731

Adjustment for changes in the Fair Value of the financial assets

and liabilities (non-effective interest rate hedging)

(KEUR)

-862

-24

ERPA result

(KEUR)

6,991

6,518

Key figures per share



31/12/2021

31/12/2020

Total number of shares outstanding at the end of period


7,346,676

7,153,322

Weighted average number of shares


7,260,859

7,153,322

Net result per share

(EUR)

0.32

-0.74

EPRA earnings per share

(EUR)

0.96

0.91

Closing price of the share at the end of period

(EUR)

11.00

11.35

IFRS NAV per share

(EUR)

15.83

16.43

Premium/discount to IFRS NAV (end of period)


-30,5%

-30,5%

EPRA NAV per share

(EUR)

15.83

16.71

Premium/discount to EPRA NAV (end of period)


-30,5%

-32,1%

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