Retail Estates SA2006年年度报告.pdf

1、E X C E R P T O F T H E A N N U A L R E P O R T 2 0 0 6KEY FIGURESThe fi nancial year of Retail Estates runs from 1 April to 31 March.The key fi gures below are consolidated fi gures incorporating the subsidiaries Retail Estates Luxemburg sa,Sablon nv and Wickes Land Development nv.TOTAL PORTFOLIO 3

2、1/03/0631/03/05Shop premises181189Total gross m2 of shop premises182 210184 821Estimated fair value in EUR(excl Distri-Land)169 111 543159 552 210Total annual rental income in EUR13 684 67413 398 965Average rent prices per m276.1073.58Occupancy rate98.69%98.78%Total m2 premises under construction6 0

3、245 672KEY FIGURES31/03/0631/03/05Net result per share5.463.49Distributable result per share2.302.24Operating return on equity6.1%6.7%Return on equity14.6%10.1%Number of shares3 568 7243 568 594Gross dividend per share2.302.24NAV per share37.3234.17Closing price45.6736.50Average price41.9734.85Gross

4、 dividend yield on closing price5.0%6.1%Net dividend yield on closing price4.2%5.2%0501001502000605 ESTIMATED FAIR VALUETOTAL RENTAL INCOMEOPERATIONAL RESULT PER SHAREGROSS DIVIDEND PER SHARE159 552 210169 111 543036912150605 13 684 67413 398 965mio 0.00.51.01.52.02.506052.312.370.00.51.01.52.02.506

5、052.302.24mio A N N U A L R E P O R T 2 0 0 6 R E TA I L E S TAT E S4 4LETTER TO THE SHAREHOLDERSDear Sir/Madam,In the past financial year investments in retail properties have been able to count on exceptional interest from investors both in the real estate market itself and on European stock marke

6、ts.Capital gains on investments in retail property and listed real estate companies are reaching historically high levels.The unprecedented low level of interest rates and a broad expectation that the economic recovery will be sustained along with increased consumer confidence are linked to this.In