Key Figures

2018
jan-mar

Number of apartments
48,297
Rentable area, thousand sqm
3,297
 
Vacancy rate residential, percent
7.5
Real vacancy rate residential, percent
0.9
Net letting, rental value, EUR million
0.3
 
Fair value properties, EUR million
10,926
Fair value, per sqm
3,314
Capitalization rate, percent
3.59
Discount rate, percent
5.58
 
Cities
Percent of fair values
Berlin
23
Stockholm
20
Malmö
8
Hamburg
8
London
7
Toronto
6
New York
6
Boston
4
Montreal
3
Copenhagen
3
Paris
3
Cologne-Düsseldorf
3
Frankfurt-Mainz
2
Munich
2
Washington D.C.
1
Other
1
 
Total property return, per year, percent
10.2
Whereof net operating income, percentage points
2.5
Whereof change in fair value, percentage points
7.7

Comparable properties
 
Growth in rental income for comparable properties, percent
3.7
Growth in net operating income for comparable properties,
percent
5.9
 
Equity to assets ratio, percent
45
Loan-to-value, percent
45
Loan-to-value, secured loans, percent
19
 
Debt maturity, year
5.3
Loans maturing whithin one year, EUR million
395
Liquidity, EUR million
778

Interest coverage ratio

1.9
Interest coverage ratio excluding realized value growth
1.8
Average interest rate, percent
2.39
Fixed interest term, year
4.8
 


Key figures 2004-2018 in Excel