Brief: Eurocommercial Properties: Gross Rental Income For Quarter Ending September 30 Down At 48.8 Million Euros

Eurocommercial Properties NV

27/10/2020 07:18

Oct 27 (Reuters) - Eurocommercial Properties NV  SIPFc.AS :
    * GROSS RENTAL INCOME FOR THE QUARTER ENDING 30 SEPTEMBER
WAS
€48.8 MILLION COMPARED WITH €52.1 MILLION IN 2019
    * VACANCIES AT END OF SEPTEMBER WERE 1.6% OF ANNUAL RENT.
    * NET EARNINGS €3.01 PER DEPOSITARY RECEIPT FOR 15 MONTHS TO
SEPT
30 COMPARED TO €3.03 PER DEPOSITARY RECEIPT FOR THE SAME PERIOD
LAST YEAR
    * 96% OF TENANTS HAVE AGREED TERMS FOR COVID-19 CLOSURE
PERIODS
    * DIRECT INVESTMENT RESULT FOR THE FIFTEEN MONTHS TO 30
SEPTEMBER
2020 WAS €148.6 MILLION
    * BOARD OF MANAGEMENT, HAVING CONSULTED THE SUPERVISORY
BOARD,
DECIDED NOT TO DECLARE AN INTERIM DIVIDEND BY END OF NOVEMBER
    * ADJUSTED NET ASSET VALUE AT 30 SEPTEMBER 2020 WAS €42.97
PER
DEPOSITARY RECEIPT
    * OVER THE QUARTER TO THE END OF SEPTEMBER 2020, VISITOR
NUMBERS
WERE 82% OF THE SAME QUARTER LAST YEAR
    * HAS A ROBUST BALANCE SHEET STRUCTURE AND BANK LOANS WITH
AN
AVERAGE COMMITTED UNEXPIRED TERM OF NEARLY FIVE YEARS
    * SALES TURNOVER FOR THE THREE MONTHS TO 30 SEPTEMBER WAS
97% OF
2019 LEVELS

Source text for Eikon:  ID:nGNEb08ZSc 
Further company coverage:  SIPFc.AS 

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