Brief: Eurocommercial Properties End-Sept Profit After Taxation At 50.7 Million Euros

Eurocommercial Properties NV

05/11/2021 10:25

Nov 5 (Reuters) - Eurocommercial Properties NV  ECMPA.AS :
    * RETAIL SALES WHICH FOR Q3 SAW AN INCREASE OF 6.5% COMPARED
TO Q3
2020
    * NET EARNINGS €1.57 (DIRECT INVESTMENT RESULT) PER SHARE
FOR NINE
MONTHS TO 30 SEPTEMBER 2021
    * OVERALL Q3 RETAIL SALES HAVE FULLY RECOVERED TO THEIR
PRE-PANDEMIC LEVELS AND WERE 1.5% ABOVE Q3 2019
    * END Q3 EPRA VACANCY RATE REMAINED VERY LOW AT 1.5%
EXTENDING OUR
LONG-TERM LOW VACANCY RECORD
    * END-SEPT LOAN TO VALUE RATIO (ON THE BASIS OF PROPORTIONAL
CONSOLIDATION) MARGINALLY LOWER AT 43.5% COMPARED TO 43.8% AT 30
JUNE 2021
    * IMPROVED RENT COLLECTION SAW 89% OF RENT COLLECTED FOR Q3
AND
86% SO FAR COLLECTED FOR THE FIRST NINE MONTHS OF 2021
    * 5.4% RENTAL UPLIFTS ON RENEWALS AND RELETTINGS, WITH 271
DEALS
SIGNED DURING THE 12 MONTH PERIOD ENDING 30 SEPTEMBER 2021
    * GROSS RENTAL INCOME FOR THE NINE MONTHS TO 30 SEPTEMBER
2021
(BASED ON PROPORTIONAL CONSOLIDATION) WAS AT €155.2 MILLION
    * EPRA NET TANGIBLE ASSETS (EPRA NTA) AT 30 SEPTEMBER 2021
WAS
€39.20 PER SHARE
    * END-SEPT IFRS PROFIT AFTER TAXATION, EXCLUDING THE
NON-CONTROLLING INTEREST WAS €50.7 MILLION VERSUS MINUS €49.1
MILLION YEAR AGO
    * ADJUSTED NET ASSET VALUE AT 30 SEPTEMBER 2021 WAS €39.58
PER
SHARE

Source text for Eikon:  ID:nNDL604sXK 
Further company coverage:  ECMPA.AS 

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