Brief: Eurocommercial Properties H1 Rent Collection Rate At 98%

Eurocommercial Properties NV

25/08/2023 06:33

Aug 25 (Reuters) - Eurocommercial Properties NV
 ECMPA.AS :
    * CONSISTENTLY STRONG RETAIL SALES DURING THE FIRST SIX
MONTHS OF
2023 RESULTED IN OVERALL SALES TURNOVER GROWTH OF 9.2%
    * OCCUPANCY COST RATIO (OCR) WAS 9.5% AT 30 JUNE 2023.
    * RENT COLLECTION RATE REACHED 98% FOR THE FIRST HALF OF
2023
    * TOTAL CASH DIVIDEND OF €1.60 PER SHARE FOR THE YEAR 2022
    * NET EARNINGS €1.22 (DIRECT INVESTMENT RESULT) PER SHARE
FOR THE
SIX MONTHS TO JUNE 2023 VERSUS €1.21 FOR THE SIX MONTHS TO JUNE
2022
    * EPRA VACANCY FOR THE PORTFOLIO AT 30 JUNE 2023 REMAINED
VERY LOW
AT 1.5% RANGING FROM 0.8% TO 2.4%  IN OUR FOUR MARKETS
    * WE CONFIRM THE GUIDANCE PROVIDED WITH THE PUBLICATION OF
THE
2022 ANNUAL RESULTS IN MARCH 2023
    * WE EXPECT THE DIRECT INVESTMENT RESULT FOR THE YEAR 2023
TO BE
BETWEEN €2.25 AND €2.35 PER SHARE
    * COMPANY EXPECTS ITS INTEREST EXPENSES TO INCREASE DURING
THE
YEAR BUT TO REMAIN AT ACCEPTABLE LEVELS

Source text for Eikon:  ID:nGNE3bhqRX 
Further company coverage:  ECMPA.AS 

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