Consolidated Key Figures

The first half of 2019 relates to the period running from January 1st 2020 to June 30th 2020.

Real Estate Portfolio



30/06/2020

31/12/2019

Fair Value of the real estate portfolio

(KEUR)

223,885

251,654

Total gross surface area

(m2)

81,786

84,054

Contractual Rents on an annual basis

(KEUR)

13,151

14,253

Estimated Rental Value of vacant property

(KEUR)

642

840

Gross portfolio yield

5.87%

5.66%

Occupancy rate

98.02%

97.32%

Balance sheet



30/06/2020

31/12/2019

Shareholders' equity (excl. minority interests)

(KEUR)

119,085

128,032

Debt Ratio (under the RREC Act)


47.62%

48.73%

Consolidated Profit-and-loss Account



30/06/2020

31/12/2019

Net rental income

(KEUR)

5,685

7,771

Operating result before result on the portfolio

(KEUR)

4,632

6,032

Operating margin


80.41%

77.63%

Portfolio result

(KEUR)

-6,744

-23,815

Financial result

(KEUR)

-1,036

-2,745

Taxes

(KEUR)

0

-27

Net result (group share)

(KEUR)

-3,142

-20,549

Adjustment for portfolio result

(KEUR)

6,744

23,815

Adjustment for changes in the Fair Value of the financial assets

and liabilities (non-effective interest rate hedging)

(KEUR)

-192

1,349

ERPA result

(KEUR)

3,409

4,614

Key figures per share



30/06/2020

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)

-0.44

-2.98

EPRA earnings per share

(EUR)

0.48

0.67

Closing price of the share at the end of period

(EUR)

11.30

14.85

IFRS NAV per share

(EUR)

16.65

17.89

Premium/discount to IFRS NAV (end of period)


-32.10%

-17.01%

EPRA NAV per share

(EUR)

16.93

18.29

Premium/discount to EPRA NAV (end of period)


-33.30%

-18.80%

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