Strategic shift towards logistics real estate: as 31 December 2015, 51% of the portfolio consisted of offices and 49% of logistics real estate.
The operating distributable result amounted in 2015 to € 1,90 per share (€ 1,56 in 2014).
Dividend pay-out ratio of 90% in 2015.
The gross dividend of Intervest Offices & Warehouses amounted to € 1,71 per share for financial year 2015, offering a gross dividend yield of 7,0% based on the share price on closing date of 31 December 2015.
Expansion of the logistics portfolio by 11% in 2015 through acquisition of a modern logistics site of approximately 52.000 m² in a prime location in Liège for € 29 million with an initial net return of 8,2%.
As at 31 December 2015, the fair value of the total real estate portfolio amounted to € 634 million.
The total leasable space increased by 6% to 717.073 m² in 2015.
Improvement of the occupancy rate by 3%: 90% as at 31 December 2015 (87% as at 31 December 2014); the occupancy rate of the office portfolio increased by 2% to 85%, the occupancy rate of the logistics portfolio increased by 4% to 95%.
It was an active year in the area of leasing activity: extension of lease agreements for 15% of the total annual net rental income and lease agreements with new tenants for 4% of the total annual net rental income.
The fair value of the existing real estate portfolio (excluding acquisitions and divestments) decreased in 2015 by 1%. The logistics segment recorded a 1% increase in value, whereas the office segment depreciated by 3%.
Expansion of the RE:flex concept in Mechelen and opening of a new branch planned in Antwerp, Sky Building in 2016.
Renovation of Sky Building and fitting/refitting work for various clients according to the tried and tested turn-key solutions concept. The registered office and operational activities of Intervest Offices & Warehouses are now also located here.
Further optimisation of credit line expiry date spreading and a decline of the average interest rate for financing, from 4,0% in the first semester of 2015 to 3,1% in the second semester of 2015.
Strengthening of the equity by € 2 million through optional dividend for the 2014 financial year in May 2015, with 15% of the shareholders opting for shares.
Debt ratio of 48,2% as at 31 December 2015.
Broader shareholder base and support from several reference shareholders through sale by majority shareholder NSI nv of 35% of shares in Intervest Offices & Warehouses in June 2015.
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