Outlook

(in € thousand) Realised   Forecasts  
  2018 2019 2020 2021
Rental income 144 067 137 831 138 306 141 802
Charges linked to letting - 501 - 565 - 661 - 667
Net rental result 143 566 137 267 137 645 141 135
Net property charges -13 588 -13 674 -15 861 -15 647
Property operating result 129 978 123 592 121 784 125 488
Corporate overheads -14 282 -14 949 -15 840 -16 162
Other operating income and charges (excl. goodwill impairment)(a) -447 -531 -3 051 -3 184
Operating result before result on portfolio 115 249 108 113 102 894 106 142
Financial result (excl. the changes in fair value of the financial assets and liabilities and close-out costs) -20 545 -22 609 -21 885 -24 213
Corporate taxes -566 -1 031 -1 143 -1 340
EPRA earnings 94 139 84 473 79 866 80 589
EPRA earnings (in € per share) 3.68 3.30 3.12 3.15
         
Average number of shares 25 579 214 25 579 214 25 579 214 25 579 214
 

(a) This is an Alternative Performance Measure.