Brief: Eurocastle Investment 9M Adjusted NAV Of 641.0 Million Euros

Eurocastle Investment

29/11/2017 07:02

Nov 29 (Reuters) - Eurocastle Investment Ltd  ECT.AS : 
    * ANNOUNCES FINANCIAL RESULTS FOR 9M ENDED 30 SEPTEMBER 
2017 
    * 9 MYH ADJUSTED NET ASSET VALUE OF EUR 641.0 MILLION, OR 
EUR 
10.49 PER SHARE 
    * Q3 2017 DIVIDEND OF 1.13 PER SHARE DECLARED ON NOV 28, TO 
BE 
PAID ON DEC 11 TO SHAREHOLDERS 
    * BOARD CAME TO CONCLUSION THAT CO MET REQUIREMENTS TO BE 
CLASSIFIED AS  INVESTMENT ENTITY 
    * YTD NORMALIZED FFO EUR 103.3 MILLION VERSUS EUR 33.5 
MILLION 
YEAR AGO 
    *  IMPACT OF THIS CHANGE IS THAT ALL INVESTMENTS ARE TO BE 
FAIR 
VALUED THROUGH PROFIT AND LOSS 
    * AMOUNTS REPORTED FOR YEAR ENDED 31 DECEMBER 2016 HAVE 
BEEN 
RESTATED 
    * REPORTED ADJUSTED NAV WOULD HAVE BEEN HIGHER BY EUR 4.8 
MILLION 
DUE TO THIS CHANGE AS AT 31 DEC 2016 AND EUR 4.9 MILLION AS AT 
30 JUNE 2017 
    * 9M TOTAL OPERATING EXPENSES AT EUR 37.3 MILLION 
 
Source text for Eikon:  ID:nGNE9dYtQ1  
Further company coverage:  ECT.AS  
 
 (Gdynia Newsroom) 
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