SOLID RESULTS BASED UPON PORTFOLIO GROWTH OF €167 MILLION (+ 30%) IN FINANCIAL YEAR 2017:
- EPRA result per share of € 2.58 compared with € 2.47 in 2016 (increase of 4.5%)
- Proposed gross dividend of € 2.17 per share compared with € 2.11 in 2016 (increase of 3%)
- Increase of the fair value of the property portfolio by € 552 million to € 719 million in 2017 (growth of € 167 milliion or 30%)
- Average term of leases on first expiry date of 7.5 years
- Debt ratio of 51.9% – Average term of finances of 5.5 years – Average term of interest rate hedges of 7.7 years
Prospects for 2018:
- EPRA result per share grows by 5% / dividend per share grows by 3%
- Property portfolio grows to exceed € 800 million
- Occupancy rate remains above 95% - term of leases amounts to more than 7 years
- Operating margin of 92% on an annual basis
