Key historical financial data

Main consolidated economic and financial data (figures as at 31 December 2019):

MAIN DATA 2019 2018 2017
Income Statement
Gross Rents Euro million 37.3 Euro million 36.3 Euro million 34.2
Like for like rental growth % 1.0% 0.8% n.m.
Net Operating Income (NOI) Euro million 33.4 Euro million 32.3 Euro million 30.5
NOI Margin % 89.6% 89.1% 89.1%
EBITDA Euro million 23.5Euro million 25.0 Euro million 21.6
EBITDA Margin % 62.8% 69.0% 63.1%
Net Profit Euro million 32.0 46.3 28.9
EPRA Earnings Euro million 14.0Euro million 15.1Euro million 15.3Euro million
Recurring FFO Euro million 17.6 Euro million 17.7 Euro million 16.8 Euro million
EPRA Earnings per share Euro 0.39Euro 0.42Euro 0.42Euro
Rrcurring FFO per share Euro 0.49Euro 0.49Euro 0.47Euro
Balance Sheet
IFRS Equity Euro million 440.1 Euro million 418.7 Euro million 383.4 Euro million
EPRA NAV Euro million 443.9 Euro million 421.6 Euro million 384.6 Euro million
EPRA NNAV Euro million 438.8 Euro million 415.4 Euro million 380.2 Euro million
IFRS Equity per share Euro 12.19 Euro 11.63 Euro 10.65 Euro
EPRA NAV per share Euro 12.29 Euro 11.71 Euro 10.68 Euro
EPRA NNAV per share Euro 1215 Euro 11.54 Euro 10.56 Euro
Cash flow
Capex (pro-quota) Euro million 9.8 Euro million 5.1 Euro million 1.3 Euro million
Acquisitions (pro-quota) Euro million 138.2 Euro million 103.7 Euro million 105.7 Euro million
Disposals (pro-quota) 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 9.7 Euro million
Dividend per share (fiscal year) Euro million 0.30 Euro million 0.30 Euro million 0.27 Euro million
Performance indicators
Return on Equity % 7.6% 11.8% 8.0%
Indebtness
Gross debt Euro million 358.1 Euro million 291.3 Euro million 263.1 Euro million
Cash Euro million 42.7 Euro million 82.2 Euro million 27.0 Euro million
Net debt Euro million 315.4 Euro million 209.1 Euro million 236.1 Euro million
Loan to Value (LTV) % 38.8% 33.5% 37.1%
Interest Cover Ratio (ICR) x 3.4x 4.0x 3.2x
Average "all in" cost of debt % 2.01% 2.03% 1.97%
Average debt maturity anni 3.4 4.4 3.7
Real estate portfolio
Number of assets in the portfolio - 72 77 78
Value of the portfolio (consolidated) Euro million 767.7 Euro million 623.5 Euro million 575.6 Euro million
Value of the portfolio (pro-quota) Euro million 688.4 Euro million 654.4 Euro million 589.9 Euro million
Commercial surface (pro-quota) mq 165,000 172,000 172,000
WALT anni 5.3 6.2 7.2
EPRA Net Initial Yield % 4.6% 5.2% 5.3%
EPRA Topped-up Net Initial Yield % 5.3% 5.3% 5.5%
EPRA Vacancy Rate % 2.0% 4.6% 4.8%

Financial Guidance for 2020 (as of July 30th, 2020)
Considering that the impact of the COVID-19 crisis on COIMA RES’ operations has been limited so far, COIMA RES is confirming its 2020 guidance of EPRA Earnings per share of Euro 0.40. The guidance will be updated over the course of 2020 to reflect any meaningful update, also taking into account any potential future economic impact from the COVID-19 crisis.