Brief: Eurocommercial Q1 Gross Rental Income Stable At EUR 52.2 Mln

Eurocommercial Properties NV

07/05/2021 08:25

May 7 (Reuters) - Eurocommercial Properties NV  SIPFc.AS :
    * EPRA VACANCY RATE AT 31 MARCH 2021 WAS 1.5%, DOWN FROM
1.6% AT
31 DECEMBER 2020 AND EXTENDING OUR LONG-TERM LOW VACANCY RECORD.
    * GROSS RENTAL INCOME FOR THE QUARTER ENDING 31 MARCH 2021
WAS
€52.2 MILLION COMPARED WITH €51.5 MILLION IN THE SAME PERIOD
LAST YEAR
    * EUR 100 MILLION LONG TERM FINANCING EXTENDED TO 2024 WITH
THREE
SUSTAINABILITY LINKED LOANS
    * LOAN TO VALUE RATIO (ON THE BASIS OF PROPORTIONAL
CONSOLIDATION)
REDUCED TO 43.3% COMPARED TO 43.8% AT 31 DECEMBER 2020
    * NET EARNINGS €0.50 (DIRECT INVESTMENT RESULT) PER
DEPOSITARY
RECEIPT FOR 3 MONTHS TO 31 MARCH 2021 COMPARED TO €0.59 PER
DEPOSITARY RECEIPT FOR THE SAME PERIOD LAST YEAR.
    * DESPITE NON-ESSENTIAL STORES IN OUR PORTFOLIO BEING CLOSED
ON
AVERAGE FOR 28 DAYS AND RESTAURANTS FOR 39 DAYS, RENT COLLECTION
WAS 73% FOR Q1 2021
    * END-MARCH LOAN TO VALUE RATIO (ON THE BASIS OF
PROPORTIONAL
CONSOLIDATION) REDUCED TO 43.3% COMPARED TO 43.8% AT 31 DECEMBER
2020
    * Q1 OPERATING RESULT EUR 33.8 MILLION VERSUS EUR 39.3
MILLION
YEAR AGO

Source text for Eikon:  ID:nNDL8CXpzH 
Further company coverage:  SIPFc.AS 

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