Key information in 2017 All amounts in € thousands unless otherwise stated Highlights 2017Total Fund return of 7.8%One new investor; two investors increased commitments€ 77 million invested; four assets acquired, one redevelopment completed and one asset soldNew and extended lease contracts totalling 32,022 m²; rental value € 6.0 million per yearAverage financial occupancy rate of 95.6%Four-star GRESB rating (74 points)Outperformance IPD Property Index (all properties) with 2.3%-point Performance per share Performance per share20172016Dividends (in €)117.77114.76Net earnings (in €)190.59215.61Net asset value IFRS (in €, at year-end)2,717.592,640.21Net asset value INREV (in €, at year-end)2,739.672,650.14 Statement of financial position Statement of financial position20172016Total assets898,815832,920Total shareholders’ equity888,896824,201Total debt from credit institutions-- Result Result20172016Net result61,05964,250Total Expense Ratio (TER)0.53%0.52%Real Estate Expense Ratio (REER)0.79%0.82% Fund return PERCENTAGE Total fund return 2017: 7.8% Total fund return 2016: 8.4% Property performance (all properties) Portfolio movements Financial occupancy rate Portfolio figures Portfolio figures20172016Investment property864,868765,613Investment property under construction11,94112,711Gross initial yield5.7%5.8%Total number of properties4947Average rent per square metre per year (in €)234233Financial occupancy rate (average)95.6%94.7%Sustainability (A, B or C label)98.8%85.2%