The continuity of our business strategy is also reflected in our dividend policy. Our aim is to distribute around 70% of our FFO 1 to our shareholders. This provides our shareholders with an attractive distribution while also ensuring, in the long run, that the funds we need to maintain our portfolio, for example, remain within the company.
Since our IPO in 2013, we have been able to increase our dividend per share by at least 10% every year. As far as the 2016 fiscal year is concerned, we plan to propose a dividend per share of € 1.12 to the Annual General Meeting, which represents an increase of 20% as against 2015.
The profit or loss for the period to reflect the adjusted profit or loss from sales; period adjustments from assets held for sale; specific effects that do not relate to the period, are non-recurring or do not relate to the objective of the company; the net income from fair value adjustments of investment properties; depreciation and amortization; deferred and prior-year current taxes (tax expenses/income); transaction costs; prepayment penalties and commitment interest; valuation effects on financial instruments; the unwinding of discounting for provisions, particularly provisions for pensions, and other prior-year interest expenses and income that are not of a long-term nature.