Our portfolio is composed of retail properties on the outskirts of urban areas in Belgium, France and Spain, characterised by a predominance of the food sector.
Portfolio growth
(in millions EUR)
Consolidated results (€000s) | 30/09/2023 | 30/09/2022 |
---|---|---|
Rental income | 51,322 | 47,849 |
Rental related charges | -223 | 684 |
Recovery of property charges | 956 | 681 |
Rental related charges and taxes not recovered | -312 | -108 |
Other revenue and rental related charges | -26 | -239 |
Property result | 51,716 | 48,867 |
Property charges | -4,633 | -4,004 |
Corporate overheads | -4,657 | -4,481 |
Other operating income and charges | 1 | -1 |
Operating result before result on portfolio | 42,427 | 40,381 |
Operating margin | 82.7% | 84.4% |
Financial income | 765 | 134 |
Net interest charges | -6,157 | -5,710 |
Other financial charges | -685 | -554 |
Taxes | -342 | -477 |
EPRA Earnings | 36,009 | 33,773 |
Result on sales of investment properties | 0 | -159 |
Change in the fair value of investment properties | -745 | 23,800 |
Portfolio result | -745 | 23,641 |
Change in fair value of financial assets and liabilities | -1,543 | 38,135 |
Deffered tax | 85 | -4,896 |
NET RESULT | 33,806 | 90,653 |
EPRA Earnings per share (€) | 5.46 | 5.12 |
Net results per share (€) | 5.13 | 13.74 |
Number of shares | 6,595,985 | 6,595,985 |
Consolidated balance sheet (€000s) | 30/09/2023 | 30/09/2022 |
---|---|---|
ASSETS | 786,469 | 783,312 |
Intangible assets | 236 | 24 |
Investment properties | 740,856 | 738,933 |
Other tangible assets | 49 | 35 |
Other non-current assets | 30,670 | 31,514 |
Current financial assets | 867 | 885 |
Trade receivables | 5,556 | 4,956 |
Cash and cash equivalents | 5,423 | 4,356 |
Other current assets | 2,811 | 2,611 |
EQUITY AND LIABILITIES | 786,469 | 783,312 |
Equity | 444,763 | 437,011 |
Non-current financial debts | 262,670 | 268,677 |
Other non-current liabilities | 2,806 | 2,476 |
Deferred taxes liabilities | 6,085 | 6,170 |
Current financial debts | 57,829 | 58,038 |
Other current liabilities | 12,316 | 10,939 |
IFRS NAV (€/share) | 67.43 | 66.25 |
EPRA NTA (€/share) | 63,59 | 62,35 |
Debt ratio (in accordance with the Royal Decree) | 44.0% | 44.9% |
EPRA LTV | 43.4% | 44.4% |
Consolidated result per share (EUROS) | 30/09/2023 | 30/09/2022 |
---|---|---|
EPRA EARNINGS | 5.46 | 5.12 |
Earnings per share (EPS) | 5.13 | 13.74 |