EPRA indicators

EPRA indicators - Consolidated           31.12.2019 31.12.2018
EPRA earnings in € thousand 84 377 94 139
  in € per share 3.29 3.68
EPRA NAV in € thousand 1 644 662 1 458 489
  in € per share 60,80 57,02
EPRA NNNAV in € thousand 1 583 604 1 430 736
  in € per share 58,54 55,93
EPRA indicators - Real-estate operator           31.12.2019 31.12.2018
EPRA earnings in € thousand 83 605 94 139
  in € per share 3,26 3,68
EPRA Net Initial Yield (NIY) in % 4.9% 5.7%
EPRA Topped-up NIY in % 5.1% 5.8%
EPRA Vacancy Rate in % 4.1% 4.3%
EPRA Cost Ratio* incl. vacancy costs 21,7% 19,7%
  excl. vacancy costs  20,0% 17,8%
EPRA Like-for-Like
in %
4,7% 2,4%

*For more information, please consult the pages 79 and 80 of the Report and also the explanation on the evolution of the revenus and net property charges.