Outlook

  (in € thousand) Realised   Forecasts  
    2019 2020 2021 2022
  Rental income 135 203 135 939 141 046
137 717
  Charges linked to letting - 417 - 620 - 625 - 630
  Net rental result 134 786 135 318 140 421 137 088
  Net property charges
-14 347
-16 313 -16 380 -14 115
  Property operating result 120 440 119 005 124 041 122 972
  Corporate overheads -14 559 -15 932 -16 677 -17 115
  Other operating income and charges (excl. goodwill impairment)(a) -1 177 -3 360 -9 305 -3 521
  Operating result before result on portfolio 104 703 99 713 98 059 102 337
  Financial result (excl. the changes in fair value of the financial assets and liabilities and close-out costs) -20 358 -20 319 -21 111 -23 033
  Corporate taxes - 741 -1 041 -1 239 -1 472
  EPRA earnings 83 605 78 353 75 710 77 831
Real-estate operator EPRA earnings (in € per share) 3.26 2.89 2.78 2.83
Coworking Contribution to the EPRA earnings of the coworking activity (in € per share) 0.03 - 0.01    
Total Total EPRA earnings (in € per share) (group share) 3.29 2.88    
  Average number of shares 25 676 219 27 061 683 27 273 429 27 498 001
 

(a) This is an Alternative Performance Measure.