Brief: Eurocommercial Properties End-March EPRA Vacancy Rate At 1.8%

Eurocommercial Properties NV

10/05/2024 06:50

May 10 (Reuters) - Eurocommercial Properties NV
 ECMPA.AS :
    * EPRA VACANCY RATE AT 31 MARCH 2024 REMAINED AROUND ITS
HISTORICALLY LOW LEVEL OF 1.8%, SAME AS A YEAR AGO
    * RENT COLLECTION RATE FOR Q1 2024 AT 98% (97% IN Q1 2023)
    * Q1 2024 DIRECT INVESTMENT RESULT AT €0.62 PER SHARE
    * LIKE-FOR-LIKE RENTAL GROWTH OF 3.6% NOTWITHSTANDING
REDUCED
INFLATION AND RENTAL INDEXATION COMPARED TO 2023
    * PROPOSE TO PAY A TOTAL DIVIDEND OF €1.70 PER SHARE
    * Q1 2024 RETAIL SALES AND FOOTFALL RESPECTIVELY 3.7% AND
2.9%
HIGHER THAN SAME PERIOD LAST YEAR
    * ALL LONG-TERM LOANS MATURING IN 2024 FOR A TOTAL AMOUNT OF
EUR
170 MILLION EXTENDED FOR 3 (EUR 9 MILLION) OR 5 YEARS (EUR 161
MILLION)
    * DIRECT INVESTMENT RESULT GUIDANCE FOR THE FULL YEAR 2024
CONFIRMED

Source text: https://tinyurl.com/5n8pvbsb
Further company coverage:  ECMPA.AS 

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