Key figures

Property key figures (as at 30.06.2018)

  30.06.2018 30.06.2017
Fair value of investment properties (in thousands €) 378.555 364.263
Gross initial yield on properties available for lease 5,30% 5,30%
Gross potential yield on properties available for lease 5,40% 5,40%
Occupany rate of the portfolio 97% 98%
EPRA Vacancy rate (in %) 3,10% 1,60%
EPRA Net Initial Yield (NIY) (in %) 4,60% 4,60%
EPRA Topped-up NIY (in %) 4,70% 4,80%

 

Financial key figures (as at 30.06.2018)

  30.06.2018 30.06.2017
Shareholders' equity (in thousands €) 267.548 260.567
Net asset value (in € per share) 52,68 51,31
EPRA NAV (a) (in € per share) 53,17 51,79
EPRA NNNAV (a) ( in € per share) 52,68 51,31
Average annualised financing cost (b) (in %) 1,72% (c) 3,10%
Weighted average duration of debts (in years) 4,8 2,9
Debt ratio (in %) 29% 28%
     
  30.06.2018
(6 months)
30.06.2017
(6 months)
Number of shares issued 5.078.525 5.078.525
Average number of shares during the period 5.078.525 5.078.525
Net result (in € per share) 1,25 4,08
EPRA Result (a) (in € per share) 1,38 1,24

 

Share key figures (as at 30.06.2018)

  30.06.2018
(6 months)
31.12.2017
(12 months)
30.06.2017
(6 months)
Number of shares issued 5.078.525 5.078.525 5.078.525
Average number of shares during the period 5.078.525 5.078.525 5.078.525
Share price on closing date (in €) 49,50 45,00 46,26
Net value (fair value) (in €) 52,68 54,05 51,31
Net value (investment value) (in €) 54,57 55,83 53,09
Gross dividend (in € per share) - 2,62 -
Gross yield (d) - 5,80% -
Premium (+) / Discount (-) with regard to net value (fair value) (in %) -6% -17% -10%

 

In Short

Name Vastned Retail Belgium
State Public regulated real estate company under Belgian Law or public RREC
Legal Form Public Limited Company
Street Generaal Lemanstraat 74
City Berchem - Antwerpen
Postal code 2600
Country België
Telephone + 32 3 361 05 90
E-mail info@vastned.be
RPM/RPR Antwerp
VAT BE 0431.391.860
Date of constitution 15 June 1987
Duration Unlimited
Financial year 1 January - 31 December
Listing Euronext Brussel
Statutory Auditor Ernst & Young Réviseurs d'Entreprises, represented by Joeri Klaykens
Property Experts Cushman & Wakefield
CB Richard Ellis
Liquidity Provider Bank Degroof
Financial Service Bank Degroof
Supervision Financial Services and Markets Authority

 

(a) This is an Alternative Performance Measure. For more information, please consult the chapter “Alternative Performance Measures” on page 160 and next of the Annual Financial Report 2017.
(b) Including margin and hedging costs. This is an Alternative Performance Measure. For more information, please consult the chapter “Alternative Performance Measures” on page 160 and next of the Annual Financial Report 2017.
(c) Calculated over a 6-month period.
(d) Gross dividend divided by the closing share price.