Realization of important milestones in strategic growth plan #connect2022
through focus on active rental policy and sustainable value creation via
in-house (re)developments, resulting in a solid foundation for the future
Solid financial results
- EPRA earnings per share of € 1,30 for 9M 2021, +10% compared to 9M 2020
- Increase of previously communicated expected EPRA earnings per share for 2021 from € 1,65 - € 1,68
to € 1,70 - € 1,72 - Confirmation of target gross dividend of € 1,53 for 2021, at the same level as in 2020
Focus on active rental policy results in strong key figures
- Occupancy rate of total real estate portfolio: + 1% to 94%
- Organic growth of rental income: 5%
- Major rental transactions in logistics portfolio in Genk, Herentals, Herstal, Oevel and Eindhoven
Investments as foundation for future value creation
- Focus on future development potential and futureproof modernization of the existing portfolio
- Increase in fair value of investment properties with € 97 million or 9,5%
Solid basis for the future
- Two real estate segments, diversified tenants, strong balance sheet and sufficient investment capacity due to € 120 million unused credit lines
- Realization of 25% growth in real estate portfolio since 2019
- Future potential increase in value over a period Q4 2021 – 2025 between € 238 – € 281 million through (re)development projects
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