Triodos Vastgoedfonds publishes quarterly report fourth quarter 2018

Press Release

Triodos Vastgoedfonds N.V., Triodos Investment Management’s sustainable real estate fund, has published its quarterly report for the fourth quarter of 2018.

During the fourth quarter of 2018, the net result of Triodos Vastgoedfonds increased by EUR 2.8 million, leading to an increase of the total net result over 2018 by 20% to EUR 4.7 million compared to EUR 3.9 million in 2017. The increase of the total net result over 2018 is driven by a (unrealised) revaluation result in the fourth quarter of 2018.

The total direct result over 2018 was EUR 2.8 million (2017: EUR 3.0 million). The direct result per share over 2018 was EUR 0.17 (2017: EUR 0.24 per share). The indirect result increased in 2018 by EUR 1.0 million to EUR 1.9 million. The indirect result per share over 2018 was EUR 0.11 (2017: EUR 0.07 per share).

Interest costs decreased from EUR 1.6 million in 2017 tot EUR 0.9 million in 2018. Due to refinancing efforts in the third quarter of 2018, the average interest rate further decreased from 3.1% (end of 2017) to 2.6% as of 31 December 2018.

The total value of the investment portfolio amounted to EUR 100.8 million at 31 December 2018 (63.9 million at 31 December 2017), an increase of EUR 36.9 million.

More detailed figures and portfolio developments can be found in the full quarterly report, which can be found above on the right.

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