Brief: Eurocommercial Properties FY Gross Rental Income At EUR 209.6 Mln

Eurocommercial Properties NV

24/03/2023 06:43

March 24 (Reuters) - Eurocommercial Properties NV
 ECMPA.AS :
    * PROPOSED TOTAL DIVIDEND OF €1.60 PER SHARE FOR THE YEAR
2022
    * FULL YEAR RESULTS 2022
    * EPRA VACANCY RATE AT 31 DECEMBER 2022 REMAINS AROUND ITS
LONG-TERM HISTORICALLY LOW LEVEL OF 1.5%
    * OCCUPANCY COST RATIO (OCR) WAS 9.2% AT 31 DECEMBER 2022,
THE
SAME LEVEL AS AT 30 JUNE 2022
    * RENT COLLECTION RATE IMPROVED FURTHER IN 2022 REACHING 98%
(93%
IN 2021)
    * ASSUMING NO MAJOR DETERIORATION OF THE MACRO-ECONOMIC
ENVIRONMENT, IN PARTICULAR FURTHER SPIKES IN INTEREST RATES, WE
SET OUR GUIDANCE REGARDING THE DIRECT INVESTMENT RESULT FOR THE
YEAR 2023 TO BE BETWEEN €2.25 AND €2.35 PER SHARE
    * FY GROSS RENTAL INCOME: €209.6 MILLION
    * MR BAS STEINS BISSCHOP, CHAIRMAN OF THE SUPERVISORY BOARD,
WILL
RETIRE IN THE ANNUAL GENERAL MEETING OF  JUNE 2024
    * FY IFRS PROFIT AFTER TAXATION ATTRIBUTABLE TO OWNERS OF
THE
COMPANY €200.7 MILLION
    * DIRECT INVESTMENT RESULT FOR 12 MONTHS TO 31 DECEMBER 2022
WAS
€119.5 MILLION, COMPARED TO €110.6 MILLION FOR SAME PERIOD IN
2021
    * DIRECT INVESTMENT RESULT IS THE BASIS FOR THE APPLICABLE
DIVIDEND POLICY PROVIDING FOR A CASH DIVIDEND PAY-OUT RATIO
RANGING BETWEEN 65% AND 85%, WITH A TARGET OF 75% OF THE DIRECT
INVESTMENT RESULT PER SHARE IN 2023
    * DIRECT INVESTMENT RESULT PER SHARE INCREASED 4.6% TO €2.28
AT 31
DECEMBER 2022
    * SUPERVISORY  BOARD HAS DECIDED TO NOMINATE MR BERNARD
ROELVINK
AS MEMBER OF SUPERVISORY BOARD TO BE  APPOINTED IN THE AGM ON 13
JUNE 2023, AND TO SUCCEED MR STEINS  BISSCHOP AS CHAIRMAN WHEN
HE RETIRES IN 2024
    * EPRA EARNINGS RESULT FOR 12-MONTH REPORTING PERIOD TO 31
DECEMBER 2022 WAS €114.7 MILLION

Source text for Eikon:  ID:nGNEbTKz17 
Further company coverage:  ECMPA.AS 

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