An Unique Way to invest in Apartments

Transcription

1 An Unique Way to invest in Apartments

2 Topics 1. Company profile & key figures 2. Belgian residential market 3. Our responses to the world s evolutions 4. Stock performance & return 2

3 Topics 1. Company profile & key figures 2. Belgian residential market 3. Our responses to the world s evolutions 4. Stock performance & return 3

4 Company profile 17 years RREC (SIR/GVV) launched in 1999 Pure player in residential real estate (83%) Portfolio Fair value of nearly 375 millions 1750 units in use + over 450 under construction or study Located in Belgium (65% in Brussels Capital Region) High and stable occupancy rate: around 93% 4

5 Company profile Team of over 35 people Managing the full cycle of property Debt ratio: ± 42% Pay-out ratio: ± 90% Listed on Euronext Brussels Market capitalization ± 310 millions 5

6 A strategy based on four pillars - Managing the full cycle of real estate Acquisitions at cost Life Cycle Cost Efficiency of buildings Service to tenants Continuous refurbishment Investor Unique positioning on the market Active disposal process Developer Acquisitions of big sites Advantage of exit tax Acquisitions in shares Maximisation of capital gains Continuous rejuvenation Regular «cleaning up» 6

7 Topics 1. Company profile & key figures 2. Belgian residential market 3. Our responses to the world s evolutions 4. Stock performance & return 7

8 Context of dynamic demographic growth Growth of population period (11,9 mio): Brussels: +10 % Flanders: + 5% Wallonia: + 7% Number of households period (5,3 mio): Brussels: +9 % Flanders: + 10% Wallonia: + 13% 8

9 Belgian residential market H Investment Market Still cheaper credits (- 15 à -50 bp) Less return on alternative investments Growth of population Strong activity and prices rising (especially for new apartments) 9

10 Belgian residential market H Letting Market Cf. Observatoire Loyers 2015 (Brussels) Average rent : 709 EUR/month Median rent: 650 EUR/month Evolution in line with inflation Decreasing rotation 10

11 Topics 1. Company profile & key figures 2. Belgian residential market 3. Our responses to the world s evolutions 4. Stock performance & return 11

12 A world full of changes Cities Sustainability Housing Connectivity Mobility 12

13 An unique response to these evolutions : The Horizon 13

14 The Horizon An urban housing proposal Urban location : Sint-Lambrechts-Woluwe (Brussels) Designed for urban citizens: 165 units Majority of studios & 1 bedroom apartments And so much more 14

15 The Horizon An urban housing proposal 15

16 The Horizon An urban housing proposal 16

17 The Horizon A sustainable housing proposal High isolation level Reconversion of outdated office building Space-sharing 17

18 The Horizon Reconversion? Really!? 18

19 The Horizon Space sharing? 19

20 The Horizon Space sharing? 20

21 The Horizon Space sharing? 21

22 The Horizon Space sharing? 22

23 The Horizon Mobility Location Public transports Bike rental Cambio 23

24 The Horizon Connectivity Service platform My Horizon Spaces to meet Community 24

25 Topics 1. Company profile & key figures 2. Belgian residential market 3. Our responses to the world s evolutions 4. Stock performance & return 25

26 Evolution of the stock price & dividend 105,00 Evolution of share price and gross dividend 4,5 90, ,00 3,5 60, ,00 2,5 30, ,00 1,5 HOME INVEST BELGIUM - Share price Gross dividend 26

27 Base , jan 1 Return comparison Home Invest Belgium BEL 20 EPRA Belgium Euronext 100 Source: De Tijd

28 More information? Come and visit us on stand 14! Thank you for your attention 28