In 2018, a significant increase in gross receipts, a decreasing vacancy rate, and positive valuation effects made particularly positive contributions to this outstanding result. The figures for the past several years confirm the above-average success of S IMMO's portfolio. S IMMO had the most profitable portfolio in Austria over both the medium and long term (three-, five- ten- and fifteen-year average). The company's Austria portfolio also significantly outperformed the European and global indexes – both in 2018 and in terms of the three-, five- and ten-year average (see accompanying chart). All income and expenses that are directly associated with the property (rental income, sales proceeds, investments, value increases, etc.) are taken into account in the calculation of the portfolio return. Therefore, the portfolio return provides an estimate of a company's actual performance in relation to the portfolio value. Image MSCI/IPD Benchmark Austria