Retail Estates SA2013年年度报告.pdf

1、Annual report 201315 yearsSummaryrisk management 2letter to the shareholders 10management report 14retail estates nv on the stock exchange 54retail estate report 62financial report 90permanent document 158miscellaneous 180information sheet 185REAL ESTATE PORTFOLIO31/03/1331/03/1231/03/11Total shop p

2、remises499451448Total lettable area in m 521,452428,548419,346Estimated fair value in EUR(incl fixed assets held for sale)683,081,000550,631,000516,365,000Estimated investment value in EUR(incl fixed assets held for sale)698,845,000564,777,000528,815,000Total annual rental income in EUR on 31 March

3、201345,144,885 37,154,000 34,260,000Average rent prices per m 87.1686.8584.76Occupancy rate98.13%98.19%98.15%Balance sheet informationShareholders equity269,588,000241,336,000229,607,000Debt ratio R.D.21 June 2006(max 65%)in%55.75%51.08%53.38%RESUL TSNet rental income41,402,000 35,473,000 33,845,000

4、Property result40,959,000 35,203,000 33,469,000Property charges-2,549,000-2,165,000-2,204,000General costs and other operating cost and income-2,263,000-2,194,000-2,067,000Operating result before result on the portfolio36,147,000 30,844,000 29,199,000Result on the portfolio8,902,000 9,346,000 10,400

5、,000Operating result 45,029,000 40,191,000 39,599,000Financial result-14,771,000-12,977,000-12,623,000Net result29,582,000 27,360,000 26,692,000Net current result(excl result on the portfolio)20,700,000 18,014,000 16,292,000DATA PER SHARENumber of shares5,813,1225,437,0745,061,663Number of shares en

6、titled to dividend(weighted average)5,813,1225,395,4084,981,959Net asset value(fair value)46.3844.3945.36Net asset value(fair value)excl dividend43.4841.5942.66Net asset value(investment value)49.0946.9947.82Gross dividend per share2.92.82.7Net dividend per share2.1752.2122.295Gross dividend yield o