Key Figures

in thousands of €

Investment Properties1H 2018201720162015201420132012
Own portfolio
TOTAL LETTABLE AREA (m2)320,122445,958416,158548,838268,232761,724674,595
OCCUPANCY RATE (%)99.2%100.0%97.0%97.3%94.0%96.2%94.5%
FAIR VALUE PROPERTY PORTFOLIO515,932627,737682,525677,084416,089225,804101,629
 

VGP European Logistics portfolio (100%)
TOTAL LETTABLE AREA (m2)1,269,614830,877593,454
OCCUPANCY RATE (%)99.4%100.0%100.0%
FAIR VALUE PROPERTY PORTFOLIO1,291,244935,435594,198
balance sheet1H 2018201720162015201420132012
SHAREHOLDERS´ EQUITY505,711466,230390,305361,978215,417166,057151,260
GEARING
   NET DEBT/SHAREHOLDERS´EQUITY0.700.940.870.710.720.55N.A.
   NET DEBT/TOTAL ASSETS33.8%42.3%39.4%35.7%33.2%24.9%N.A.
INCOME STATEMENT - ANALYTICAL FORM1H 2018201720162015201420132012
GROSS RENTAL INCOME8,97017,04616,80617,0739,5964,6133,071
PROPERTY OPERATING EXPENSES AND NET SERVICE CHARGE INCOME /(EXPENSES)(981)(1 053)(668)(550)(1,082)(818)(780)
NET RENTAL AND RELATED INCOME 7,98915,99316,13816,5238,5143,795 2,291
PROPERTY, FACILITY MANAGEMENT AND PROPERTY DEVELOPMENT INCOME4,5858,0573,8252,5473,4073,8752,724
NET VALUATION GAINS/(LOSSES) ON INVESTMENT PROPERTY61,73494,628118,900103,98153,92027,87212,347
OTHER INCOME/(EXPENSES) INCL. ADMINISTRATIVE COSTS(8,025)(20,241)(16,778)(13,998)(7,089)(4,850)(4,418)
SHARE IN THE RESULTS OF JOINT VENTURE AND ASSOCIATES24,77729,2297,89719114,4731,526(1,615)
OPERATING PROFIT91,060127,666129,982109,24473,22532,21811,329
NET FINANCIAL RESULT(6,083)(10,466)(16,906)-10,154-7,6757022,902
TAXES (10,188)(21,205)(21,790)(12,529)(16,191)(8,618)(2,652)
PROFIT OF THE YEAR 74,78995,995 91,286 86,561 49,359 24,302 11,579 

 

BREAKDOWN OF PORTFOLIO AS AT 30 JUNE 2018 (JV at 100%)

                                                               

No. of parks  
Land area
 (‘000 m²)   
LETTABLE AREA (in thousands m2                                                                                                                                     
Completed
                      

Under
Construction
             

Remaining
Potential  

Total GLA
                       

Total GAV
(€ millions)     
                                                         

Germany213,119 m²812 m²168 m²437 m²1,416 m²€1,019.8
Czech Republic152,094 m²334 m²104 m²459 m²896 m²€ 343.0
Spain3577 m²204 m²84 m²197 m²485 m²€ 248.5
Slovakia2640 m²69 m²18 m²215 m²302 m²€ 56.3
Hungary2207 m²74 m²0 m²12 m²86 m²€ 57.5
Romania3567 m²86 m²20 m²164 m²280 m²€ 57.4
Latvia1148 m²0 m²62 m²0 m²62 m²€ 24.6
Total47 7,352m²1,589 m²455 m²1,484 m²3,528 m²€ 1,807.2

Divided between Own (22 parks) and JV (25  parks). Three parks are owned by both Own and JV namely Berlin (Own: 5.1%/JV: 94.9%), Hamburg (Own: 5.1%/JV: 94.9%), and Olomouc (Own: 94.9%/ JV 5.1%)