Brief: Care Property Invest Q1 Operating Income Rises To 10.2 Million Euros

Care Property Invest NV

14/05/2020 17:25

May 14 (Reuters) - Care Property Invest NV  CPINV.BR :
    * AT END-Q1 CO HAS APPROXIMATELY €170 MILLION OF CONFIRMED
UNDRAWN
CREDIT LINES AND CASH AND CASH EQUIVALENTS AT ITS DISPOSAL  
    * MAINTAINS ITS GUIDANCE ON RENTAL INCOME OF AT LEAST €35
MILLION
    * OCCUPANCY RATE AT 100% AT MARCH 31, 2020 VERSUS 100% AT
DEC 31,
2019
    * GUIDANCE FOR 2020 FY
    * END-Q1 FAIR VALUE PROPERTY PORTFOLIO EUR 684 MILLION
VERSUS EUR
644 MILLION AT DECEMBER 31
    * INTENDS TO PAY A GROSS DIVIDEND OF AT LEAST EUR 0.80 PER
SHARE
FOR 2020 FINANCIAL YEAR
    * THERE IS NO DOWNWARD REVALUATION ON THE PORTFOLIO OF
INVESTMENT
PROPERTIES AS A RESULT OF THE COVID-19 CRISIS
    * ON 31 MARCH 2020, THE DEBT RATIO OF CARE PROPERTY INVEST
WAS
45.85%
    * AVAILABLE SPACE UP TO DEBT RATIO OF 60%, WHICH CARE
PROPERTY
INVEST HAS AGREED UPON IN COVENANTS WITH ITS CREDIT PROVIDERS AS
MAXIMUM DEBT RATIO, AMOUNTS TO €217.5 MILLION
    * Q1 NET RENTAL INCOME EUR 8.2 MILLION VERSUS EUR 7.1
MILLION YEAR
AGO
    * Q1 OPERATING INCOME EUR 10.2 MILLION VERSUS EUR 5.4
MILLION YEAR
AGO
    * Q1 NET RESULT EUR 5.4 MILLION VERSUS EUR 1.2 MILLION YEAR
AGO

Source text for Eikon:  ID:nNDL3dD7cF 
Further company coverage:  CPINV.BR 

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