Brief: Care Property Invest Q1 Operating Income Up At EUR 10.9 Mln

Care Property Invest NV

19/05/2021 17:15

May 19 (Reuters) - CARE PROPERTY INVEST NV  CPINV.BR :
    * Q1 FINANCIAL UPDATE
    * Q1 OPERATING INCOME EUR 10.9 MILLION VERSUS EUR 10.2
MILLION
YEAR AGO
    * Q1 NET RENTAL INCOME EUR 10.1 MILLION VERSUS EUR 8.2
MILLION
YEAR AGO
    * AS AT 31 MARCH 2021, CARE PROPERTY INVEST'S DEBT RATIO WAS
44.94%
    * Q1 NET RESULT GROUP SHARE EUR 15.6 MILLION VERSUS EUR 5.4
MILLION YEAR AGO
    * FOR 2021, THE COMPANY HAD A SOLID BASIS IN TERMS OF
LIQUIDITY
AND DEBT RATIO
    * IN THE LONGER TERM, THE DEMAND FOR HEALTHCARE REAL ESTATE
DRIVEN
BY DEMOGRAPHIC DEVELOPMENTS REMAINS UNAFFECTED BY THE COVID-19
CRISIS
    * COMPANY FORECASTS AN INCREASE IN THE DEBT RATIO DURING THE
FINANCIAL YEAR 2021
    * BASED ON THE CURRENT CONTRACTS, COMPANY ASSUMES AN
INCREASE IN
THE DISTRIBUTABLE RESULT AND THE DIVIDEND PAYMENT FOR THE 2021
FINANCIAL YEAR
    * MAINTAINS ITS GUIDANCE ON RENTAL INCOME OF APPROXIMATELY
€43
MILLION WHICH WOULD RESULT IN AN ADJUSTED EPRA RESULT PER SHARE
OF €1.00
    * INTENDS TO PAY OUT A GROSS DIVIDEND OF AT LEAST €0.82 PER
SHARE
FOR THE 2021 FINANCIAL YEAR

Source text for Eikon:  ID:nNDL100bck 
Further company coverage:  CPINV.BR 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))