- Results
Financial results
We delivered on our financial ambitions for 2023 with EPRA earnings per share up 9% to €4.45. On a one-off basis, we were able to add a further €0.45 cents in 2023. A successful capital increase reduced the EPRA debt ratio to 33.5%, strategically positioning us for future growth, not least through the roll-out of 1 million m² of our land bank. We therefore reaffirm our outlook for 2024-2025 and aspire to invest €200 million annually and as much as €260 million in 2024.
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“A low debt ratio, a large land bank and an extremely strong team. We have everything we need to continue Montea's growth.”
Chief Financial Officer Montea
Total area — property portfolio: 2023 - 2.0 mio m²
2022 - 1.9 mio m²
- 2.0 mio m²
Fair value of our property portfolio: 2023 - € 2.3 billion
2022 - € 2.2 billion
- € 2.3 billion
Average lease term: 2023 - 6.5 years
- 6.5 years
Average lease term projects under construction: 2023 - 14 years
- 14 years
Land bank
Total
2,226,000 m²
- Future development potential
- 1437000.00 m²
- Projects in the pipeline
- 789000.00 m²
- Already in progress/delivered
- 208000.00 m²
Average cost of debt: 2023 - 2.3%
2022 - 1.9%
- 2.3%
EPRA NTA per share: 2023 - €74.38
2022 - €71.72
- €74.38
Hedge ratio: 2023 - 97%
2022 - 96%
- 97%