Key figures

Property key figures (as at 30.06.2017)

  30.06.2017 31.12.2016 restated(a) 31.12.2016(b)
Fair value of portfolio (in € million) 2 477.1  not restated 2 511.7
Gross initial yield on properties available for lease 6.13% 5.95% 6.07%
Gross potential yield on properties available for lease 6.49% 6.41% 6.40%
“Spot” occupancy rate of properties available for lease 93.94% 92.22% 94.79%
Weighted average duration of current leases up to next break  7.67 years(c)  8.10 years(c)  8.07 years
Weighted average duration of current leases up to final expiry 8.22 years 8.61 years 8.67 years
Reversion rate of properties available for lease -9.98%(d) -9.53%(d) -9.50%
EPRA Vacancy Rate(e) 5.20% not restated 5.71%
EPRA Net Initial Yield (NIY) 5.83% not restated 5.65%
EPRA Topped-up NIY 6.04% not restated 5.81%

Financial key figures (as at 30.06.2017)

  30.06.2017 31.12.2016
Shareholders' equity (in € million) 1 472.97 1 401.35
Net asset value (in € per share)   57.58 54.78
EPRA NAV(f) (in € per share)   57.95 55.49
EPRA NNNAV(f) (in € per share)   57.3 54.3
Average annualised financing cost(g) (in %) 2.13%(h) 2.26%
Weighted average duration of debts (in years) 4.97 3.66
Debt ratio according to the Royal Decree (in %) 41.01% 44.65%
Loan-to-value(i) (in %) 39.02% 42.33%
  30.06.2017 (6 months) 30.06.2016 (6 months)
Number of shares issued   25 579 214 23 021 293
Average number of shares during the period 25 579 214 23 021 293
Net result (in € per share)   3.69 0.41
EPRA earnings (in € per share) 1.92 1.89
Return on shareholders' equity(j) (in € per share) 7.00 2.22
Return on shareholders' equity(j) (in %) 13.28% 4.10%

Share key figures (as at 30.06.2017)

  30.06.2017 (6 months) 31.12.2016 (12 months) 30.06.2016 (6 months)
Number of shares issued 25 579 214 25 579 214 23 021 293
Average number of shares during the period 25 579 214 23 692 223 23 021 293
Highest share price (in €) 54.12 61.20 61.06
Lowest share price (in €) 50.31 48.60 48.60
Closing share price (in €) 52.06 53.36 57.90
Number of shares traded(k) 9 050 262 16 916 343 8 840 935
Average daily volume(k) 71 262 65 822 69 614
Free float velocity(k) 47% 87% 51%
Distribution ratio (in relation to the EPRA earnings) - 94% -
Gross dividend(l) (in € per share) - 3.45 -
Gross yield(m) 6.63% 6.47% 5.96%
Return on share price(n) -3.36% 3.88% 12.15%

CSR key figures(o) (as at 31.12.2016)

  31.12.2016 31.12.2015 31.12.2014
Gas | Normalised direct energy consumption (kWh/m²) 68.38 75.26 78.17
Electricity | Indirect energy consumption      
 - Consumption common areas (kWh/m²) 42.91 46.29 45.15
 - Consumption private areas (kWh/m²) 52.45 56.22 57.60
Water | Consumption (l/m²) 265.53 290.36 318.51
CO2 | Direct and indirect energy emissions (kg CO2e/m²) 14.65 14.41 13.15
 
(a) Figures restated on the basis of the new definitions of the real-estate indicators mentioned on page 18 of the Half-Yearly Financial Report 2017.
(b) Figures as published in the Annual Financial Report 2016.
(c) Excluding the Noord Building and the WTC II buildings, the weighted average duration of leases up to next break would be 9.21 years as at 31 December 2016 and 8.86 years as at 30 June 2017.
(d) Excluding the Noord Building and the WTC II buildings, the reversion would be -4.99% as at 31 December 2016 and -5.03% as at 30 June 2017.
(e) Corresponding to the availability rate of properties available for lease.
(f) This is an Alternative Performance Measure. For more information, please consult the chapter “EPRA Best Practices” on page 41 of the Half-Yearly Financial Report 2017.
(g) Including margin and hedging costs. This is an Alternative Performance Measure. For more information, please consult Appendix I to the Half-Yearly Financial Report 2017.
(h) Calculated over a 6-month period.
(i) Loan-to-value (“LTV”): [(nominal financial debts – cash)/fair value of portfolio].
(j)Calculated over a 12-month period ending at the closing of the half-year, taking into account the gross dividend reinvestment, if applicable the participation in the optional dividend and, if applicable the participation in the capital increase. This is an Alternative Performance Measure. For more information, please consult Appendix I to the Half-Yearly Financial Report 2017.
(k) Source: Kempen & Co. Based on trading on all platforms.
(l) Subject to a withholding tax of 27% until December 2016 and of 30% as from January 2017.
(m) Gross dividend divided by the closing share price.
(n) Calculates over a 12-month period ending at the closing of the fiscal year, taking into account the gross dividend reinvestment, if applicable the participation in the optional dividend and, if applicable the participation in the capital increase.
(n) Portefeuille de Befimmo hors Fedimmo. Pour de plus amples informations, veuillez consulter la Méthodologie en page 97 du Rapport Financier Annuel 2016.