Languages

Investors

Financial results

Consolidated comprehensive result - Form Royal Decree of 13.07.2014 (x 1,000 EUR)

Download the consolidated comprehensive result figures

A. NET RESULT 31.12.2020 31.12.2019 31.12.2018 31.12.2017 31.12.2016
Rental income  251 521  232 601  212 170  204 043  203 051
Writeback of lease payments sold and discounted  9 444  8 784  8 815  12 473  11 265
Rental-related expenses - 2 030   623 -  897 -  181 -  121
Net rental income  258 935  242 008  220 088  216 335  214 195
Recovery of property charges   573   251 -  6  1 725   50
Recovery income of charges and taxes normally payable by the tenant on let properties  33 667  44 537  41 653  43 753  42 368
Costs payable by the tenant and borne by the landlord on rental damage and redecoration at end of lease -  330 - 1 252 - 2 462 - 4 572 - 1 602
Charges and taxes normally payable by the tenant on let properties - 36 888 - 50 929 - 47 545 - 47 298 - 44 352
Property result  255 956  234 615  211 729  209 943  210 659
Technical costs - 6 051 - 5 939 - 6 421 - 5 396 - 5 901
Commercial costs - 2 344 - 1 808 - 1 791 - 1 583 - 1 508
Taxes and charges on unlet properties - 2 765 - 3 579 - 4 489 - 5 128 - 4 469
Property management costs - 23 579 - 20 622 - 17 573 - 18 052 - 18 659
Property charges - 34 740 - 31 948 - 30 275 - 30 159 - 30 537
Property operating result  221 217  202 667  181 455  179 784  180 122
Corporate management costs - 10 105 - 8 838 - 7 351 - 7 737 - 8 043
Operating result before result on the portfolio  211 112  193 829  173 923  172 047  172 079
Gains or losses on disposals of investment properties  4 583  12 394  28 436  1 443  2 691
Changes in fair value of investment properties - 13 696  79 069 - 6 259  10 261  11 626
Other result on the portfolio - 33 815 - 28 751 - 18 150 - 15 822 - 13 902
Operating result  168 184  256 541  177 951  167 929  172 494
Financial income  8 186  9 021  8 958  5 594  5 207
Net interest charges - 24 541 - 24 128 - 30 307 - 29 926 - 32 309
Other financial charges -  744 -  634 -  498 -  626 -  848
Changes in fair value of financial assets and liabilities - 22 756 - 23 765 - 3 013  1 678 - 38 286
Financial result - 39 855 - 39 505 - 24 860 - 23 280 - 66 236
Share in the result of associated companies and joint ventures - 2 473 -  797   841  1 205   701
Pre-tax result  125 856  216 239  153 932  145 854  106 959
Corporate tax - 7 907 - 5 572 - 2 806 - 3 864 - 5 906
Exit tax - 2 315 -  378   327 -  69  1 182
Taxes - 10 223 - 5 950 - 2 480 - 3 933 - 4 724
Net result  115 633  210 289  151 452  141 921  102 235
Minority interests  3 588 - 5 674 - 5 839 - 4 559 - 4 842
Net result - Group share  119 222  204 615  145 613  137 362  97 393
B. OTHER ELEMENTS OF THE GLOBAL RESULT RECYCABLE IN THE INCOME STATEMENT 31.12.2020 31.12.2019 31.12.2018 31.12.2017 31.12.2016
Impact on fair value of estimated transaction costs resulting from hypothetical disposal of investment properties          
Change in the effective part of the fair value of authorised cash flow hedging instruments as defined under IFRS         578  
Impact of the recycling on the income statement of hedging instruments which relationship with the hedged risk was terminated 0 0 -  578  11 281  5 914
Share in the other elements of the global result of associated companies and joint ventures 0 0   63   78   51
Convertible bonds  7 721 - 9 930   300 0 0
Other elements of the global result  7 721 - 9 930 -  215  11 937  5 965
Minority interests   0 0 0 0
Other elements of the global result - Group share  7 721 - 9 930 -  215  11 937  5 965
C. GLOBAL RESULT 31.12.2020 31.12.2019 31.12.2018 31.12.2017 31.12.2016
Global result  123 354  200 359  151 237  153 858  108 200
Minority interests  3 588 - 5 674 - 5 839 - 4 559 - 4 842
Global result - Group share  126 943  194 685  145 398  149 299  103 358