Outlook

(in € thousand) Realised   Forecasts  
  2017 2018 2019 2020
Rental income 143 161 144 714 136 751 137 992
Charges linked to letting - 729 - 770 - 489 - 492
Net rental result 142 431 143 943 136 262 137 500
Net property charges -11 932 -12 700 -13 016 -13 926
Property operating result 130 499 131 243 123 245 123 574
Corporate overheads -12 199 -12 891 -13 199 -13 736
Other operating income and charges (excl. goodwill impairment)(a) -1 252 -1 903 -2 101 -2 787
Operating result before result on portfolio 117 048 116 450 107 946 107 051
Financial result (excl. the changes in fair value of the financial assets and liabilities and close-out costs) -19 750 -22 137 -22 264 -24 278
Corporate taxes -1 642 -1 281 -1 301 -1 320
EPRA earnings 95 657 93 031 84 381 81 453
EPRA earnings (in € per share) 3.74 3.64 3.26 3.12
         
Average number of shares 25 579 214 25 590 782 25 855 514 26 122 985
 

(a) This is an Alternative Performance Measure.