Results (x € 1 million) 2017 2016 2015 2014 2013 2012 2011 2010 2009
Gross rental income 77.5 89.5 93.2 96.4 123.2 133.5 132.5 126.6 130.6
Direct result 41.1 46.2 49.2 46.5 54.2 62.5 67.0 67.8 68.6
Indirect result 53.5 (19.7) 16.3 (14.8) (143.2) (103.5) 29.1 31.4 (130.0)
Result 94.6 26.4 65.5 31.7 (89.0) (41.0) 96.1 99.2 (61.4)
Balance sheet (x € 1 million)
Property 1,591.6 1,614.8 1,647.9 1,538.8 1,694.4 1,981.0 2,129.0 1,995.5 1,861.4
Equity 933.4 891.5 901.0 866.0 872.6 1,018.4 1,105.7 1,074.9 1,035.1
Equity Vastned Retail shareholders 838.7 804.4 816.6 782.2 791.4 899.7 1,000.4 975.6 939.1
Long-term liabilities 633.9 636.9 692.1 641.8 586.5 753.0 835.7 686.9 673.6
Average number of shares in issue 18,505,783 19,036,646 19,036,646 19,036,646 19,036,646 18,876,591 18,574,595 18,409,519 17,028,420
Number of share in issue (at year-end) 18,186,800 19,036,646 19,036,646 19,036,646 19,036,646 19,036,646 18,621,185 18,495,220 18,265,213
Per share (x € 1)
Equity Vastned Retail shareholders
Vastned Retail primo (incl dividend) 42.26 42.90 41.09 41.23 47.26 53.66 52.75 51.42 60.80
Final dividend previous financial year (1.32) (1.31) (1.27) (1.63) (1.54) (2.52) (2.58) (2.78) (2.68)
Equity Vastned Retail shareholder
at the beginning of the year (excl. dividend) 40.94 41.59 39.82 39.60 45.72 51.14 50.17 48.64 58.12
Direct result 2.22 2.42 2.58 2.44 2.85 3.31 3.61 3.68 4.03
Indirect result 2.89 (1.03) 0.86 (0.77) (7.53) (5.48) 1.56 1.71 (7.64)
Result 5.11 1.39 3.44 1.67 (4.68) (2.17) 5.17 5.39 (3.61)
Other movements 0.71 0.01 0.38 0.55 1.45 (0.70) (0.53) (0.18) (1.84)
Interim dividend (0.64) (0.73) (0.74) (0.73) (0.92) (1.01) (1.09) (1.10) (1.25)
Equity Vastned Retail shareholder
at year-end 46.12 42.26 42.90 41.09 41.57 47.26 53.72 52,75 51.42
EPRANNNAV 45.66 41.68 42.31 40.42 41.17 47.70 55.07 54.14 52.17
Share price (at year-end) 41.30 36.86 42.35 37.45 32.99 32.75 34.60 51.98 45.84
Dividend in cash 2.05 2.05 2.05 2.00 2.55 2.55 3.61 3.68 4.03
or in cash - - - - - - 1.09 2.43 2.35
and in shares charged to the share premium reserve - - - - - - 7.75% 2.56% 4.00%
Solvency ratio (in %) 59.2 56.1 56.0 56.5 51.5 51.5 52.6 54.6 55.9
Loan-to-value ratio (in %) 38.8 41.8 41.6 40.3 44.6 43.9 43.1 41.1 39.9