Brief: Cofinimmo 9M Operating Result Up To EUR 207.6 Mln, Vs EUR 193.1 Mln Yr Ago

Cofinimmo SA

27/10/2023 06:47

Oct 27 (Reuters) - Cofinimmo SA  COFB.BR :
    * QUARTERLY INFORMATION 3RD QUARTER OF 2023
    * NET RESULT FROM CORE ACTIVITIES – GROUP SHARE OF COFINIMMO
AT
177 MILLION EUR (169 MILLION EUR AS AT 30.09.2022)
    * CUMULATIVE AMOUNT OF DIVESTMENTS EXPECTED TO BE CLOSED BY
THE
END OF THE FINANCIAL YEAR AMOUNTS TO APPROXIMATELY 255 MILLION
EUR
    * NET RESULT - GROUP SHARE AMOUNTS TO 39 MILLION EUR (I.E.
1.16
EUR PER SHARE) AS AT 30.09.2023, COMPARED  TO 473 MILLION EUR
(I.E. 14.82 EUR PER SHARE) AS AT 30.09.2022
    * 9M OPERATING RESULT (BEFORE RESULT ON THE PORTFOLIO) EUR
207.6
MILLION VERSUS EUR 193.1 MILLION YEAR AGO
    * CONFIRMS GROSS DIVIDEND OUTLOOK  FOR FY 2023, PAYABLE IN
2024,
AT 6.20 EUR PER SHARE
    * COFINIMMO REVIEWS ITS OUTLOOK WITH A NET RESULT  FROM CORE
ACTIVITIES - GROUP SHARE OF 6.95 EUR PER SHARE FOR THE 2023
(VERSUS 6.85 EUR PER SHARE  PREVIOUSLY )
    * GROSS RENTAL REVENUES UP 8.7% IN Q3
    * HIGH OCCUPANCY RATE: 98.5% IN Q3
    * AVERAGE COST OF DEBT: 1.4% AS AT 30.09.2023, AND CURRENTLY
EXPECTED TO REMAIN AT THIS LEVEL THROUGHOUT THE FINANCIAL YEAR
    * DEBT-TO-ASSETS RATIO: 47.0% AS AT 30.09.2023, OR 44.5% PRO
FORMA
    * HEADROOM ON COMMITTED CREDIT LINES OF APPROXIMATELY 750
MILLION
EUR AS AT 30.09.2023, OR 915 MILLION EUR PRO FORMAT

Source text: shorturl.at/ktBHI
Further company coverage:  COFB.BR 

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