Brief: Arcona Property Fund FY Operating Result Up At Eur 2.13 Million

Arcona Property Fund NV

06/04/2018 17:17

April 6 (Reuters) - Arcona Property Fund NV  ARCPF.AS :
    * 2017 NET RESULT AT EUR 5.56 MILLION VERSUS LOSS OF EUR
292,000
YEAR AGO
    * FY OPERATING RESULT EUR 2.13 MILLION VERSUS EUR 748,000
YEAR AGO
    * FOR 2018, EXPECTS OPERATING RESULT TO REACH EUR 2.4
MILLION
    * PROPOSES DIVIDEND OF EUR 0.14/SHARE IN CASH FOR 2017
    * FOR 2018, SEES EXPANSION OF PORTFOLIO THROUGH ACQUISITIONS
FOR
TOTAL SIZE OF C. EUR 50 MILLION
    * EXPECTS TO REACH SIZE OF EUR 500 MILLION IN 2022
    * LOAN-TO-VALUE RATIO UP AT 52.7 PERCENT IN 2017
    * IN 2017, SIZE OF FUND AT EUR 99 MILLION VERSUS EUR 83
MILLION
YEAR AGO

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Further company coverage:  ARCPF.AS 

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