Key historical financial data

Main consolidated economic and financial data (figures as at 31 December 2020):

MAIN DATA 2020 2019 2018 2017
Income statement
GROSS RENTS Euro million 44.4 Euro million 37.3 Euro million 36.3 Euro million 34.2 Euro million
Net Operating Income (NOI) Euro million 40.3 Euro million 33.4 Euro million 32.3 Euro million 30.5 Euro million
EBITDA Euro million 31.5 Euro million 23.5 Euro million 25.0 Euro million 21.6 Euro million
Utile netto Euro million 15.6 Euro million 32.0 Euro million 46.3 Euro million 28.9 Euro million
EPRA Earnings Euro million 17.5Euro million 14.0Euro million 15.1Euro million 15.3Euro million
Recurring FFO Euro million 24.2 Euro million 17.6 Euro million 17.7 Euro million 16.8 Euro million
EPRA Earnings per share Euro 0.49 Euro 0.39 Euro 0.42 Euro 0.42 Euro
Recurring FFO per share Euro 0.67 Euro 0.49 Euro 0.49 Euro 0.47 Euro
Balance sheet
IFRS Net Asset Value Euro million 445.5 Euro million 440.1 Euro million 418.7 Euro million 383.4 Euro million
EPRA Net Tangible Assets Euro million 448.3 Euro million 443.7 Euro million 421.6 Euro million 384.6*Euro million
IFRS Net Asset Value per share Euro 12.34 Euro 12.19 Euro 11.63 Euro 10.65 Euro
EPRA Net Tangible Assets per share Euro 12.42Euro 12.29Euro 11.71Euro 10.68* Euro
Cash flow
Capex (pro-quota) Euro million 9.5 Euro million 9.8 Euro million 5.1 Euro million 1.3 Euro million
Acquisitions (pro-quota) Euro million - Euro million 138.2 Euro million 103.7 Euro million 105.7 Euro million
Disposals (pro-quota) Euro million 7.8 Euro million 131.2 Euro million 79.7 Euro million 38.5 Euro million
Dividend (fiscal year) Euro million 10.8 Euro million 10.8 Euro million 10.8 Euro million 9.7 Euro million
Dividend per share (fiscal year) Euro million 0.30 Euro million 0.30 Euro million 0.30 Euro million 0.27 Euro million
Performance indicator
Return on Equity % 3.5% 7.6% 11.8% 8.0%
Indebtness
Gross debt Euro million 339.0 Euro million 358.1 Euro million 291.3 Euro million 263.1 Euro million
Cash Euro million 48.7 Euro million 42.7 Euro million 82.2 Euro million 27.0 Euro million
Net debt Euro million 291.4 Euro million 315.4 Euro million 209.1 Euro million 236.1 Euro million
Net Loan to Value (LTV) % 38.3% 38.8% 33.5% 37.1%
Interest Cover Ratio (ICR) x 4.1x 3.4x 4.0x 3.2x
Average "all in" cost of debt % 1.98% 2.01% 2.03% 1.97%
Average debt maturity years 2.4 3.4 4.4 3.7
Real estate portfolio
Number of assets in the portfolio - 67 72 77 78
Value of the portfolio (consolidated) Euro million 758.1 Euro million 767.7 Euro million 623.5 Euro million 575.6 Euro million
Value of the portfolio (pro-quota) Euro million 688.3 Euro million 688.4 Euro million 654.4 Euro million 589.9 Euro million
Commercial surface (pro-quota) sqm 151,000 165,000 172,000 172,000
WALT years 4.3 5.3 6.2 7.2
EPRA Net Initial Yield % 5.1% 4.6% 5.2% 5.3%
EPRA Topped-up Net Initial Yield % 5.3% 5.3% 5.3% 5.5%
EPRA Vacancy Rate % 2.5% 2.0% 4.6% 4.8%

* EPRA NAV