Brief: Eurocommercial Properties 9-Month Gross Rental Income At EUR 159 Mln

Eurocommercial Properties NV

04/11/2022 06:34

Nov 4 (Reuters) - EUROCOMMERCIAL PROPERTIES NV
 ECMPA.AS :
    * KEY HIGHLIGHTS FOR THE QUARTER TO SEPTEMBER 2022
    * SALES TURNOVER IN Q3 2022 WAS 7.3% HIGHER THAN Q3 2021 AND
7.7%
ABOVE THE PRE-PANDEMIC Q3 2019
    * CASH DIVIDEND OF €1.50 AND ONE FOR 75 SCRIP DIVIDEND PER
SHARE
PAID ON 1 JULY 2022
    * LOAN TO VALUE RATIO (ON THE BASIS OF PROPORTIONAL
CONSOLIDATION)
AT 40.2% AFTER THE JULY DIVIDEND DISTRIBUTION
    * EPRA VACANCY RATE AT 30 SEPTEMBER 2022 REMAINS AROUND ITS
LONG-TERM HISTORICALLY LOW LEVEL AT 1.5%, THE SAME AS AT 30 JUNE
2022
    * NET EARNINGS €1.77 (DIRECT INVESTMENT RESULT) PER SHARE
FOR THE
NINE MONTHS TO 30 SEPTEMBER 2022 (30 SEPTEMBER 2021 €1.57)
    * DIRECT INVESTMENT RESULT GUIDANCE FOR THE FULL YEAR 2022
CONFIRMED RANGING BETWEEN €2.20 AND €2.30 PER SHARE
    * AT 30 SEPTEMBER 2022 IFRS CONSOLIDATED DEBT STOOD AT
€1,535
MILLION COMPARED TO €1,548 MILLION AT 30 JUNE 2022
    * GROSS RENTAL INCOME FOR THE NINE MONTHS (BASED ON
PROPORTIONAL
CONSOLIDATION) WAS AT €159.0 MILLION
    * EPRA EARNINGS RESULT FOR THE NINE-MONTH REPORTING PERIOD
TO 30
SEPTEMBER 2022 WAS €90.9 MILLION
    * THE LOAN TO VALUE RATIO AS PER 30 SEPTEMBER 2022 WAS 40.2%
COMPARED TO 38.9% AT 30 JUNE 2022

Source text for Eikon:  ID:nGNE6KMmhX 
Further company coverage:  ECMPA.AS 
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