Bouwfonds European Residential - Catella Real Estate AG

Overview – Returns, Valuation and Leasing
Returns
14
Return ratios in % 1
(of average Fund assets)
I. Properties
DE
direct
Other
countries
direct
Total
direct
DE
indirect
Other
countries
indirect 2
Total
indirect
Total
direct and
indirect
Gross income 3 5.3 0.0 5.3 0.0 0.0 0.0 5.3
Management expenses 3 - 0.6 0.0 - 0.6 0.0 0.0 0.0 - 0.7
Net income 3 4.7 0.0 4.7 0.0 0.0 0.0 4.6
Changes in value 3 1.3 0.0 1.3 0.0 0.0 0.0 1.3
Income tax incurred outside Germany 3 0.0 0.0 0.0 0.0 2.1 2.1 0.0
Deferred taxes incurred outside Germany 3 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Income before loan expenses 3 6.0 0.0 6.0 0.0 2.1 2.1 5.9
Income after loan expenses in
currency 4 5.8 0.0 5.8 0.0 2.1 2.1 5.7
Exchange rate changes 4 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total income in Fund currency 4 5.8 0.0 5.8 0.0 2.1 2.1 5.7
II. Liquidity 5 3.7 0.0 3.7 0.0 0.0 0.0 3.7
III. Total Fund income
before Fund expenses 6 5.1 0.0 5.1 0.0 2.1 2.1 5.1
Total Fund income after Fund expenses (BVI method) 4.5
Capital information
(average figures in € thousand) 7
DE
direct
Other
countries
direct
Total
direct
DE
indirect
Other
countries
indirect
Total
indirect
Total
direct and
indirect
Directly held properties 50,856 0 50,856 0 647 647 51,503
Properties held via
equity interests
0 0 0 0 0 0 0
Properties, total 50,856 0 50,856 0 647 647 51,503
Liquidity 15,961
Loan volume 0
Fund assets (net) 70,198
1 The Investment Fund’s historical performance is not necessarily indicative of future performance.
2 Calculated using the average values from 28 February 2009 to 30 April 2009; property under construction.
3 Calculated using the average directly or indirectly held real estate assets in the respective country in the period from 30 April 2008 to 30 April 2009.
4 Calculated using the Fund’s average directly or indirectly held equity-financed real estate assets in the period from 30 April 2008 to 30 April 2009.
5 Calculated using the Fund’s average liquidity portfolio in the period from 30 April 2008 to 30 April 2009.
6 Calculated using the Fund’s average liquidity portfolio and equity-financed real estate assets in the period from 30 April 2008 to 30 April 2009.
7 The average figures are calculated on the basis of 13 end-of-month values (30 April 2008 to 30 April 2009).