Key Figures

2018
jan-sep

Number of apartments
49,370
Rentable area, thousand sqm
3,353
 
Vacancy rate residential, percent
9.5
Real vacancy rate residential, percent
1.2
Net letting, rental value, EUR million
-2.7
 
Fair value properties, EUR million
11,981
Fair value, per sqm
3,573
Capitalization rate, percent
3.64
Discount rate, percent
5.63
 
Cities
Percent of fair value
Berlin
23
Stockholm
17
Malmö
8
Hamburg
7
London
7
Toronto
7
New York
7
Boston
4
Montreal
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
9.2
whereof net operating income, percentage points
2.4
whereof change in fair value, percentage points
6.7

Comparable properties
 
Growth in rental income for comparable properties, percent
3.1
Growth in net operating income for comparable properties,
percent
7.3
 
Equity and hybrid capital ratio, percent
48
Equity to assets ratio, percent
44
Loan-to-value, percent
42
Loan-to-value, secured loans, percent
18
 
Debt maturity, years
5.1
Loans maturing whithin one year, EUR million
286
Liquidity, EUR million
688

Interest coverage ratio

3.3
Interest coverage ratio excluding realized value growth
1.9
Average interest rate, percent
2.70
Fixed interest term, years
4.6
 


Key figures 2004-2018 in Excel