Portfolio characteristics
Performance on quality
As the Fund was dealing with redemption requests last year, the Fund did not sign any new acquisition agreements. As a result, the Fund did not meet its acquisition target of € 80 million for 2023.
Performance on affordability
Despite not signing any new acquisition agreements, the Fund added 314 homes in the mid-rental segment to the portfolio last year.
Performance on sustainability
The Fund promotes ecological and social characteristics and is therefore classified as an Article 8 product according to the SFDR. In 2023, the Fund introduced its ESG Framework, which explicitly defines all ESG-related elements for the Fund.
Financial performance
The Fund realised a total return of -6.3% in 2023, consisting of a 2.4% income return and -8.5% capital growth. Net rental income, administrative and finance expenses were the main drivers for the income return.