Bouwfonds European Residential - Catella Real Estate AG

Key Figures at a Glance
Fund assets As at 30 April 2009 As at 30 April 2008
Fund assets – net 97,717 48,900 € thousand
Fund assets – gross (net fund assets plus loans) 97,717 48,900 € thousand
Net inflow of funds 1 45,926 48,540 € thousand
Leverage ratio 2 0.0 0.0 %
Real estate assets
Total real estate assets (aggregate market values) 83,669 30,230 € thousand
of which directly held 80,410 30,230 € thousand
of which held via real estate companies 3,259 0 € thousand
Total Fund properties 6 2
of which held via real estate companies 1 0
of which under construction/renovation 1 0
Changes to the real estate portfolio
Property purchases 4 2
Property sales 0 0
Letting rate 3 81.0 64.1 %
Liquidity
Gross liquidity 14,584 19,606 € thousand
Committed funds 4 10,340 19,265 € thousand
Net liquidity 5 4,243 341 € thousand
Liquidity ratio 6 4.342 0.697 %
Fund performance (BVI return) 7
Financial year (1 May 2008 to 30 April 2009) 4.5 0.8 %
since launch 8 5.3 0.8 %
Units
Units in circulation 9,308,147 4,851,244 Units
Redemption price/unit value 10.50 10.08 €
Issuing price 9 11.03 10.58 €
Distribution
Distribution date 3 Aug. 2009 1 Aug. 2008
Distribution per unit 0.37 0.03 €
Total expense ratio 0.70 n/a 10 %
Launch date: 27 December 2007
ISIN: DE000A0M98N2
WKN: A0M98N
Internet: www.catella-realestate.de
1 In the period under review from 1 May 2008 to 30 April 2009, in the previous year from 27 December 2007 to 30 April 2008.
2 Total loans as a proportion of the aggregate market values of all directly and indirectly held properties.
3 Based on the annual estimated gross rental as at the reporting date.
4 Committed funds: funds earmarked for the next distribution, funds reserved for purchases and construction projects, real estate management
costs, liabilities from real estate purchases and construction projects, other liabilities and current provisions.
5 Gross liquidity less committed funds.
6 The ratio of net liquidity to net fund assets.
7 Calculated according to the documentation from the Bundesverband Investment und Asset Management e.V. (BVI). Calculation based on the
investment, final valuation and reinvestment of the distribution at the unit value (no charge for reinvestment). The Investment Fund’s historical
performance is not necessarily indicative of future performance.
8 Information as at 30 April 2009 for the period from 27 December 2007 to 30 April 2009, information as at 30 April 2008 for the period from
27 December 2007 to 30 April 2008.
9 Since no front-end charge is levied at the present time, the issue price corresponds to the unit value as at the reporting date.
10 This was not calculated as the ratio is not meaningful in the Fund’s first year.
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