Vesteda Annual Report 2014 available

Thanks to the strong improvement of both realised and unrealised results, Vesteda booked a net result before tax of €136.2 million, compared to a loss of €59.3 million in 2013. Total return, as % of opening equity, amounted to 5.8% (5.0% realised return, 0.8% unrealised return). Vesteda outperformed the IPD Netherlands ‘All Residentials, All Investments’ benchmark, both on the direct return (+0.5%) and indirect return (+0.1%).

The improvement in realised result largely resulted from improved occupancy levels in all segments of the portfolio, the focus on individual unit sales, rather than the sale of entire complexes, reduced interest charges as a result of the BBB corporate credit rating as received from Standard & Poor’s and several refinancing activities including the subsequent bond issue.

For more information, please visit our online annual report on www.vestedareport.com, where you can also download the interactive PDF version of the annual report.