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EPRA NIY

The net initial yield is an indicator calculated according to EPRA standards that reflects the yield on the property portfolio.

Calculation of NIY

Net initial yield is calculated on the basis of annualised rental income as at the end of the reporting period less property costs that cannot be reallocated to tenants and divided by the market value of the portfolio including incidental costs of acquisition.

Topped-up net initial yield

Topped-up net initial yield also takes into account adjustments for rental incentives, such as rent-free periods.

Net initial yield (NIY) at HAMBORNER

A detailed calculation of the EPRA net initial yield at HAMBORNER can be found in our latest annual report under “Transparent EPRA reporting”.