· Net rental income (including minority interest) from continuing operations up 7.4% at € 164.9 m (€ 153.5 m).
· Like-for-like net rental growth, total portfolio: 1.2% (5.9%), like-for-like net rental growth, retail portfolio: 1.1% (5.8%).
· Reletting and renewals: 3.0% of the retail contracts re-let or renewed, increase: 8.8%.
· Direct result (excluding minority interest) down 2.5% at € 101.8 m (€ 104.4 m), reflecting primarily the sale of the Dutch office and industrial portfolio effected 30 September 2008; operating income from discontinued operations in H1 2008 was € 18.9 m.
· The average financial occupancy rate for the retail portfolio was 96.6% (97.8%).
· Indirect result (excluding minority interest) was € 298.2 m negative (€ 34.6 m negative).
· Value of the property portfolio (including share of associates and minority interest): € 5,927 m (year-end 2008: € 6,039 m); Percentage invested in retail: 93%.
· Pipeline (excluding already paid): down € 248 m to € 2,091 m.
· Fixed committed part of pipeline (excluding already paid): up € 54 m to € 558 m.
· Successful capital increase of € 258 m in June 2009 via Accelerated Book Build (ABB)
· Shareholders elected to receive 63% of the total dividend in shares, due to fiscal limitations only 40% or € 70 m has been distributed in shares and the remainder in cash.
· Triple NAV (NNNAV) per share fell by 17.6% to € 47.75 (year-end 2008: € 57.98); Net Asset Value (NAV) per share fell 16.4% to € 43.65 (year-end 2008 € 52.20).
· Leverage: 40.4% at 30 June 2009 (year-end 2008: 40.1%); average interest rate dropped in Q2 2009 to 4.2% (Q1 2009: 4.7%); fixed interest debt stable 64% (year-end 2008: 65%). (CS della Società)
