Review period January–September 2014

• Turnover amounted to EUR 277.9 (258.6) million. This growth was attributable to increased revenue from the rental business and the sale of current assets.
• Profit before taxes totalled EUR 74.2 (66.7) million. Our favourable profit performance is based on the successful management of maintenance costs, a low tenant turnover, a good occupancy rate, and low financial costs.
• On 30 September 2014, the Group owned 40,668 (40,262) rental apartments. 964 (821) rental apartments were under construction.
• The Group's gross investments during the period totalled EUR 132.3 (170.0) million consisting of investments in new development, renovation, and the acquisition of existing stock.
• On 30 September 2014, the equity ratio at fair value was 41.8 (38.2) per cent.
• The financial occupancy rate was high, standing at 98.1 (98.4) per cent and tenant turnover was low, at 19.8 (19.5) per cent.