Consolidated Key Figures

The fiscal year 2020 relates to the period running from January 1st 2020 to December 31th 2020.

Real Estate Portfolio



31/12/2021

31/12/2019

Fair Value of the real estate portfolio

(KEUR)

208,430

251,654

Total gross surface area

(m2)

74,208

84,054

Contractual Rents on an annual basis

(KEUR)

12,863

14,253

Estimated Rental Value of vacant property

(KEUR)

642

840

Gross portfolio yield

6.17%

5.66%

Occupancy rate

97.59%

97.32%

Balance sheet



31/12/2020

31/12/2019

Shareholders' equity (excl. minority interests)

(KEUR)

117,506

128,032

Debt Ratio (under the RREC Act)


49.26%

48.73%

Consolidated Profit-and-loss Account



31/12/2020

31/12/2019

Net rental income

(KEUR)

11,135

15,100

Operating result before result on the portfolio

(KEUR)

8,914

11,853

Operating margin


80.1%

78,5%

Portfolio result

(KEUR)

-12,731

-28,906

Financial result

(KEUR)

-2,024

-3,645

Taxes

(KEUR)

527

207

Net result (group share)

(KEUR)

-5,315

-20,478

Adjustment for portfolio result

(KEUR)

12,731

28,906

Adjustment for changes in the Fair Value of the financial assets

and liabilities (non-effective interest rate hedging)

(KEUR)

-24

892

ERPA result

(KEUR)

6,517

9,043

Key figures per share



31/12/2020

31/12/2019

Total number of shares outstanding at the end of period


7,153,322

7,153,322

Weighted average number of shares


7,153,322

6,906,775

Net result per share

(EUR)

-0.74

-2.91

EPRA earnings per share

(EUR)

0.91

1.29

Closing price of the share at the end of period

(EUR)

11.35

16.25

IFRS NAV per share

(EUR)

16.43

17.90

Premium/discount to IFRS NAV (end of period)


-30.5%

-9.2%

EPRA NAV per share

(EUR)

16.71

18.19

Premium/discount to EPRA NAV (end of period)


-32.1%

-10.7%

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