Improved operational performance data
In the first quarter of 2019, the Group again improved its operating performance. As of 31 March 2019, the average contractually agreed rent per square metre per month amounted to EUR 5.52, EUR 0.29 higher compared to EUR 5.23 as of the first quarter 2018 for the core portfolio (excluding non-core residential assets).
The occupancy rate reached 93.4 percent at the end of the first quarter of 2019. Year-on-year increase was 1.7 percentage points (Q1 2018 for core portfolio: 91.7 percent).
The following table presents the changes on a like-for-like basis, i.e. only for those properties that were in the portfolio both in the first quarter of 2018 and in the first quarter of 2019. This comparison therefore does not include the BCP properties, as the acquisition took place only at the beginning of the second quarter of 2018.