Key Figures

2018
jan-dec

Number of apartments
50,407
Rentable area, thousand sqm
3,422
 
Vacancy rate residential, percent
9.6
Real vacancy rate residential, percent
1.4
Net letting, rental value, EUR million
-0.4
 
Fair value properties, EUR million
12,379
Fair value, per sqm
3,617
Capitalization rate, percent
3.67
Discount rate, percent
5.66
 
Cities
Percent of fair value
Berlin
23
Stockholm
16
Malmö
8
Hamburg
7
London
7
Toronto
7
New York
7
Montreal
5
Boston
4
Washington D.C.
3
Paris
3
Cologne-Düsseldorf
3
Copenhagen
2
Frankfurt-Mainz
2
Munich
2
Other
1
 
Total property return, per year, percent
7.6
whereof net operating income, percentage points
2.4
whereof change in fair value, percentage points
5.2

Comparable properties
 
Growth in rental income for comparable properties, percent
2.8
Growth in net operating income for comparable properties,
percent
7.3
 
Equity and hybrid capital ratio, percent
47
Equity to assets ratio, percent
43
Loan-to-value, percent
44
Loan-to-value, secured loans, percent
19
 
Debt maturity, years
5.7
Loans maturing whithin one year, EUR million
339
Liquidity, EUR million
461
Interest coverage ratio
2.8
Interest coverage ratio excluding realized value growth
1.8
Average interest rate, percent
2.64
Fixed interest term, years
4.5
 


Key figures 2004-2018 in Excel