annual report 2009 - bei der Hamborner REIT AG

to our sHareHolders management report Financial statements supplementary inFormation
44
Hamborner reit ag | annual report 2009
Development of rental and leasing income
The rental and leasing income amounted to approximately €22.5 million in the reporting
year and has thus increased considerably by approximately €2.7 million compared with the
year 2008 due to the new investments. However, on a comparative basis – i.e. in the case
of properties that were in the portfolio throughout the years 2008 and 2009 – net rents
at €18.2 million overall were slightly below the previous year's level (€18.6 million).
Uncollectable receivables in the reporting year 2009 were again at a low level at approximately
€36,000.
The overall vacancy rate in the financial year 2009 has increased slightly compared with the
previous year (2.1%) to 3.5%. The vacancies predominantly relate to spaces in recently purchased
properties, for which there are rent guarantees. The revised economic vacancy rate
(including income from rent guarantees) is just 1.1%.
The following table gives an overview regarding the company's ten biggest tenants:
Company Rent income in % *
1. Kaufland Group 22.6
2. EDEKA 6.4
3. Telefónica O2 3.6
4. Douglas 3.0
5. German Federal Employment Agency 3.0
6. REWE 2.9
7. Nordsee 2.6
8. FLYLINE 2.4
9. OAS 2.1
10. ORSAY 1.9
Total 50.5
* according to share in the rental income
We obtain the greatest part of the rental income from spaces used for retail trade, which
have certainly turned out to be largely reliable for letting in the last few years as well.
The portfolio breaks down as follows in 2009 by types of usage and contribution to the
rental income:
70 %
60 %
50 %
40 %
30 %
20 %
10 %
0 %
56.4 %
65.7 %
34.1 %
28.6 %
Retail trade spaces Office spaces and
medical practices
3.8 % 2.9 %
Mfg. and other
commercial spaces
Spaces on an annual average Rental incomes
5.7 % 2.5 %
0.0 % 0.3 %
Residential Garages/car
parking spaces