Brief: Eurocommercial Properties IFRS 18-month Profit After Tax TO Dec 31 At EUR 115.4 Mln

Eurocommercial Properties NV

26/03/2021 06:40

March 26 (Reuters) - Eurocommercial Properties NV  SIPFc.AS :
    * NET EARNINGS €3.40 (DIRECT INVESTMENT RESULT) PER DEPOSITARY RECEIPT FOR
18
MONTHS TO 31 DECEMBER 2020 AND €2.21 FOR THE CALENDAR YEAR 2020 COMPARED TO
€2.43 FOR THE CALENDAR YEAR 2019
    * END-DEC EPRA VACANCY RATE AT YEAR-END AT 1.6%
    * PROPOSED DIVIDEND OF €0.50 CASH PER DEPOSITARY RECEIPT AND ONE NEW
DEPOSITARY
RECEIPT FOR EACH 18 DEPOSITARY RECEIPTS HELD
    * END-DEC LTV (ON THE BASIS OF PROPORTIONAL CONSOLIDATION) REDUCED TO 43.8%
COMPARED TO 45.5% IN JUNE
    * END-DEC EPRA NET TANGIBLE ASSETS OF €42.55 PER DEPOSITARY RECEIPT
    * EUROCOMMERCIAL PROPERTIES NV - IN 2020, EUROCOMMERCIAL’S ACTIVITIES WERE
SIGNIFICANTLY IMPACTED BY THE COVID-19 PANDEMIC
    * IN 2020, OUR SHOPPING CENTRES WERE CLOSED FOR 2.4 MONTHS ON AVERAGE
    * IFRS PROFIT AFTER TAXATION FOR THE EIGHTEEN MONTHS REPORTING PERIOD TO 31
DECEMBER 2020 WAS €115.4 MILLION
    * RENTAL INCOME, INCLUDING JV (BASED ON PROPORTIONAL CONSOLIDATION), FOR 18
MONTHS
REPORTING PERIOD TO DEC 31 WAS €252.9 MILLION
    * ADJUSTED NET ASSET VALUE AT 31 DECEMBER 2020 WAS €42.84 PER DEPOSITARY
RECEIPT

Source text for Eikon:  ID:nGNE3mC8Q1 
Further company coverage:  SIPFc.AS 

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