Bouwfonds European Residential - Catella Real Estate AG

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16 Expiring tenancy agreement As the Fund is primarily a residential real estate fund where the majority of tenancy agreements are signed for indefinite periods, the residential tenancy agreements and parking space leases characterised by short-term notice periods are presented on an aggregate basis in the ‘unlimited’ column. The graph depicting expiring commercial leases shows 2009 to 2019. Expiring tenancy agreements (basis: estimated net rental) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 1.5% 0.0% 0.3% 0.1% 1.6% 0.6% 0.0% 0.8% 0.0% 0.0% 0.0% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Development of the Fund (Multi-year Review) All figures in € thousand 30 April 2009 30 April 2008 Properties 80,410 30,230 Equity interests in real estate companies 72 0 Securities 0 0 Bank deposits 14,584 19,606 Receivables and other assets 4,174 16,321 Less liabilities and provisions 1,523 17,257 Fund assets 97,717 48,900 Number of units in circulation 9,308,147 4,851,244 Unit value (€) 10.50 10.08 Distribution per unit (€) 0.37 0.03 Distribution date 3 August 2009 1 August 2008 95,1% unlimited
Development of Returns (Multi-year Review) 1 Return ratios in % I. Properties 1 The Investment Fund’s historical performance is not necessarily indicative of future performance. 2 For the short financial year from 27 December 2007 to 30 April 2008. 3 According to the BVI method. Financial year 2008/2009 Financial year 2007/2008 2 Gross income 5.3 3.3 Management expenses -0.7 0.0 Net income 4.6 3.3 Changes in value 1.3 8.0 Income tax incurred outside Germany 0.0 0.0 Deferred taxes incurred outside Germany 0.0 0.0 Income before loan expenses 5.9 11.3 Income after loan expenses in currency 5.7 11.3 Total income in currency 5.7 11.3 Exchange rate changes 0.0 0.0 Total income in Fund currency 5.7 11.3 II. Liquidity 3.7 3.0 Total Fund income after Fund expenses 3 4.5 0.8 17
Page 1: Bouwfonds European Residential Open
Page 5 and 6: Table of Contents 05 Key Figures at
Page 7 and 8: In terms of product strategy, the F
Page 9 and 10: modernisation measures that had alr
Page 11 and 12: Fund Management Report Overview of
Page 13: Valuation Information on changes in
Page 18 and 19: Development of the Fund 20 Realized
Page 20 and 21: Statement of Assets and Liabilities
Page 22 and 23: Notes to the Statement of Assets an
Page 24 and 25: Schedule of Properties 1 I. Directl
Page 26 and 27: Overview - Market Values and Rents
Page 28 and 29: Schedule of Real Estate Purchases a
Page 30 and 31: Statement of Income and Expenditure
Page 32 and 33: Calculation of the Distribution Ord
Page 34 and 35: Tax Information Income tax treatmen
Page 36 and 37: Tax Information €0.37 per unit wi
Page 38 and 39: Tax Information agreement). However
Page 40 and 41: Taxation of interim profits Interim
Page 42 and 43: Committees Investment Company Catel
Page 44: Catella Real Estate AG Kapitalanlag

Bouwfonds European Residential - Catella Real Estate AG

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