Outlook

This forecast takes into account the granting of the 99-year leasehold on the Brederode complex (for more information, please consult the related press release). This point in the forecast has therefore been updated as compared to the forecast published on 16 February 2017 in the press release of the annual results 2016.

 

(in € thousand) Realised   Forecasts

 

  2016 2017 2018 2019
Rental income 137 752 144 978 139 463 133 430
Charges linked to letting - 715 - 806 - 771 - 779
Net rental result 137 037 144 172 138 692 132 651
Net property charges -14 257 -12 705 -7 950 -11 143
Property operating result 122 780 131 468 130 741 121 509
Corporate overheads -10 447 -12 611 -12 577 -12 667
Other operating income and charges (excl. goodwill impairment)(a) - 596 -2 730 -2 080  30
Operating result before result on portfolio 111 738 116 126 116 084 108 871
Financial result (excl. the changes in fair value of the financial assets and liabilities and close-out costs)(a) -22 131 -21 543 -21 343 -22 056
Corporate taxes -2 364 -1 598 -1 599 -1 599
EPRA earnings 87 243 92 985 93 142 85 216
EPRA earnings (in € per share) 3.68 3.63 3.60 3.26
         
Average number of shares  23 692 223 25 591 195 25 864 969 26 132 537
 
(a) This is an Alternative Performance Measure.