Annual Key Figures



in EUR m 2010 2011 2012 2013 2014 2015 2016
Profit and loss statement               
Earnings from Residential Property Management 150.9 157.4 194.4 292.3 505.8 519.2 586.4
Earnings from Disposals 12.7 10.6 19.9 23.0 52.4 68.9 54.3
Earnings from Nursing and Assisted Living 8.9 9.2 9.9 13.2 16.3 15.6 16.8
Corporate expenses (31.8) (32.9) (40.4) (52.9) (90.5) (74.7) (73.7)
EBITDA (adjusted) 136.1 142.0 196.5 252.9 454.5 465.0 575.1
EBT (adjusted) 33.7 46.0 78.5 131.9 283.3 384.4 453.7
EBT (as reported) 57.1 85.8 205.6 217.9 1,021.5 1,787.2 2,489.2
Group profit after taxes 23.8 50.6 145.5 212.7 889.3 1,206.6 1,623.2
FFO (without disposals) 33.1 47.5 68.2 114.5 217.6 303.0 383.9
FFO (incl. disposals) 45.8 58.1 88.1 137.5 270.0 371.9 438.2
               
Balance sheet               
Investment properties 2,821.0 2,928.8 4,614.6 8,937.1 9,611.0 11,859.1 16,005.1
Current assets 108.8 288.7 188.5 401.21)  882.9 901.2 669.2
Equity 889.9 1,083.4 1,609.7 3,944.3 4,876.1 6,872.0 8,234.0
Net financial liabilities 1,738.5 1,666.8 2,678.0 5,215.31)  5,131.3 4,582.2 6,185.2
Loan-to-Value-ratio (LTV) in % 60.6% 55.0% 57.2% 57.4%1)  51.0% 38.0% 37,7
Total assets 3,038.2 3,302.2 4,907.9 10,127.01)  11,446.2 13,700.1 16,783.6
               
Share               
Share price as of 31.12. (in EUR) 10.50 10.27 14.00 14.04 19.58 25.62 29.84
Number of shares as of 31.12. (EUR m) 81.84 102.30 146.14 286.22 294.26 337.41 337.45
Market capitalisation as of 31.12 859.0 1,051.0 2,046.0 3,954 5,762 9 10.1
Dividend (EUR per share) 0.20 0.23 0.21 0.34 0.44 0.54 0.743) 
               
Net Asset Value (NAV)               
EPRA NAV 964.0 1,211.3 1,824.4 4,153.01)  5,326.0 7,762.4 10,017.0
               
Fair values               
Fair value of real estate property 2)  2,672 2,899 4,320 8,881 9,785 11,721 15,465
Fair value per sqm residential and commercial area 2)  926 946 950 944 1,062 1,282 1,580

1) Change in numbers for the previous year because of a change in allocation of the purchase price (PPA) for first time consolidation
of GSW Immobilien AG retroactively as at 30/11/2013
2) Only comprises residential and commercial buildings
3) Dividend proposal for the financial year 2016 subject to the approval of the Annual General Meeting 2017