Key information in 2017 All amounts in € thousands unless otherwise stated Highlights 2017Total Fund return of 13.1%One new investor€ 36 million invested, no divestmentsDelivery and start of construction of Hourglass in AmsterdamLong-term lease renewal of major lease for Centre Court (The Hague) finalised in February 2018Average financial occupancy rate of 86.3%Decrease of like-for-like rent due to lease extensions with reduced rentsRetained five-star GRESB rating (86 points; +8)Outperformance IPD Property Index (all properties) with 2.1%-point Performance per share Performance per share20172016Dividends (in €)59.8173.18Net earnings (in €)277.97118.22Net asset value IFRS (in €, at year-end)2,295.872,084.17Net asset value INREV (in €, at year-end)2,306.552,101.63 Statement of financial position Statement of financial position20172016Total assets644,945536,257Total shareholders’ equity631,446525,988Total debt from credit institutions-- Result Result20172016Net result71,74630,506Total Expense Ratio (TER)0.54%0.55%Real Estate Expense Ratio (REER)3.20%2.66% Fund return PERCENTAGE Total fund return 2017: 13.1% Total fund return 2016: 5.5% Property performance (all properties) Portfolio movements Financial occupancy rate Portfolio figures Portfolio figures20172016Investment property468,661458,762Investment property under construction127,43244,645Gross initial yield6.6%6.7%Total number of properties1717Average rent per square metre per year (in €)180183Financial occupancy rate (average)86.3%81.3%Sustainability (A, B or C label)73.1%73.0%