Brief: Eurocommercial Properties 9-Months Net Property Income Grows To 132.9 Million Euros

Eurocommercial Properties NV

10/05/2019 07:21

May 10 (Reuters) - EUROCOMMERCIAL PROPERTIES NV  SIPFc.AS :
    * EARNINGS FOR THE 9 MONTHS WERE €1.81 PER DEPOSITARY
RECEIPT
SUPPORTING OUR EXPECTATION OF AT LEAST €2.36 FOR THE FY
    * 9-MONTHS OVERALL LIKE FOR LIKE RENTAL GROWTH WAS 2.3%
    * 9-MONTHS VACANCIES REMAIN ONLY 1% OF INCOME
    * THE ADJUSTED NET ASSET VALUE AT 31 MARCH 2019 WAS €44.11
PER
DEPOSITARY RECEIPT COMPARED WITH €45.05 AT 31 MARCH 2018 AND
€43.65 AT 31 DECEMBER 2018
    * COMPLETION OF LOAN AGREEMENTS FOR TOTAL AMOUNT OF €133
MILLION
AND DRAW DOWN EXPECTED TO TAKE PLACE BEFORE 30 JUNE 2019
    * NET PROPERTY INCOME, INCLUDING JOINT VENTURES (ON THE
BASIS OF
PROPORTIONAL CONSOLIDATION), FOR THE 9 MONTHS TO 31 MARCH 2019,
INCREASED BY 3.2% TO €132.9 MILLION

Further company coverage:  SIPFc.AS 

 (Gdynia Newsroom)
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