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) | 31/03/2023 | 31/03/2022 |
|---|---|---|
| Rental income | 25,066 | 23,627 |
| Rental-related charges | -155 | 413 |
| Recovery of property charges | 469 | 341 |
| Taxes and charges not recovered | -44 | -18 |
| Other revenue and expenditure relating to rental | 176 | -99 |
| Property result | 25,511 | 24,263 |
| Property charges | -2,312 | -2,174 |
| Corporate overheads | -2,326 | -2,189 |
| Other income and operating costs | 1 | 0 |
| Operating result before result on portfolio | 20,875 | 19,900 |
| Operating margin | 83.3% | 84.2% |
| Financial income | 1,061 | 0 |
| Net interest charges | -3,950 | -2,950 |
| Other financial charges | -332 | -246 |
| Taxes | -174 | -485 |
| EPRA Earnings | 17,480 | 16,220 |
| Net gains and losses on sales of investment property | 0 | -159 |
| Net capital gains realized on the sale of financial assets and liabilities | 0 | 10 |
| Changes in the fair value of investment property | 7,438 | 12,318 |
| Changes in fair value of financial assets and liabilities | -2,413 | 15,908 |
| Deffered tax | -266 | -336 |
| NET RESULT | 22,238 | 43,961 |
| EPRA Earnings per share (euros) | 2.65 | 2.46 |
| Earnings per share (EPS) (euros) | 3.37 | 6.66 |
| Number of shares | 6,595,985 | 6,595,985 |
| Consolidated balance sheet (€000s) | 31/03/2023 | 31/03/2022 |
|---|---|---|
| ASSETS | 792,526 | 783,312 |
| Intangible assets | 30 | 24 |
| Investment properties | 748,587 | 738,933 |
| Other tangible assets | 41 | 35 |
| Other non-current financial assets | 28,659 | 31,514 |
| Current financial assets | 1,331 | 885 |
| Trade receivables | 3,087 | 4,956 |
| Cash and cash equivalents | 2,948 | 4,356 |
| Other current financial assets | 7,845 | 2,611 |
| EQUITY AND LIABILITIES | 792,526 | 783,312 |
| Equity | 433,195 | 437,011 |
| Non-current financial debts | 236,374 | 268,677 |
| Other non-current financial liabilities | 2,821 | 2,476 |
| Deferred taxes | 6,437 | 6,170 |
| Current financial debts | 101,950 | 58,038 |
| Other current liabilities | 11,750 | 10,939 |
| Liabilities | 359,332 | 346,301 |
| Consolidated result per share (EUROS) | 31/03/2023 | 31/03/2022 |
|---|---|---|
| EPRA earnings per share | 2.65 | 2.46 |
| Earnings per share (EPS) | 3.37 | 6.66 |