Operational PerformanceThe strength of Dutch rental market fundamentals remains evident in the REIT’s operational performance, as the portfolio remains essentially fully occupied, while rental rate growth remains strong.
Revenue GrowthERES delivered an increase in same-property revenues of 5.0%, as in-place rents rose 6.7%, handily exceeding the REIT’s target range.
Unit SalesERES completed the sale of 24 individual units for €7.6M and has sold an additional 42 suites for €10.8M, with pricing on individual unit sales remaining at a significant premium to IFRS value.