Brief: Arcona Property Fund Postpones 2019 Dividend Payment

Arcona Property Fund NV

29/04/2020 07:23

April 29 (Reuters) - ARCONA PROPERTY FUND NV  ARCPF.AS :
    * 2019 STABLE, 2020 CHALLENGING
    * HAVE DECIDED TO POSTPONE DECISION ON AMOUNT AND TIMING OF
2019
FINAL DIVIDEND
    * DELIVERED AN OPERATING PROFIT OF € 2.28 MILLION IN 2019,
THE
SAME TOTAL AS ACHIEVED IN 2018
    * ON CORONAVIRUS: NO FORECAST FOR PROFIT FOR 2020 IS
CURRENTLY
BEING ISSUED
    * NET RENTAL INCOME INCREASED FROM € 4.81 MILLION TO € 5.22
MILLION, AN INCREASE OF 8.3%
    * THE FUND GREW IN SIZE BY € 12.1 MILLION, FROM € 92 MILLION
TO €
104 MILLION, THROUGH ACQUISITIONS IN BULGARIA AND THE UKRAINE
    * ON CORONAVIRUS: EXPECT THAT ITS DIVERSE TENANT BASE AND
PRUDENT
LEVEL OF FINANCING WILL ENABLE IT TO SUCCESSFULLY TRADE THROUGH
CRISIS
    * MORE THAN 60% OF THE FUND´S DEBT FINANCING WAS RENEWED OR
REPAID
DURING THE COURSE OF THE YEAR
    * THE EPRA NNNAV DECREASED FROM € 13.65 TO € 13.14 PER SHARE

Source text for Eikon:  ID:nNDL68KW9x 
Further company coverage:  ARCPF.AS 

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