Brief: Lar Espana Says New Strategic Plan Envisages Investments Of 500 Mln Euros Up To 2025 To Buy Tier 1 Shopping Centres Or Retail Parks

HELIOS RE SOCIMI

24/06/2022 17:32

June 24 (Reuters) - Lar Espana Real Estate SOCIMI SA  LRES.MC :
    * NEW STRATEGIC PLAN ENVISAGES INVESTMENTS OF 500 MILLION EUROS UP TO 2025 TO ACQUIRE TIER 1
SHOPPING CENTRES OR RETAIL PARKS
    * PLANS TO ALSO ROTATE UP TO 30% OF CURRENT ASSETS TO OPTIMIZE THE PORTFOLIO IN 2022-2025
    * SEES SHAREHOLDER DISTRIBUTION OF 100% OF EPRA EARNINGS +50% DIVESTMENT GAINS IN 2022-2025
    * SEES OCCUPANCY TOWARDS 98%, ANNUALIZED GRI ABOUT 7% AVERAGE GROWTH PER YEAR AND ANNUALIZED
NOI
ABOUT 8% AVERAGE GROWTH PER YEAR, IN 2022-2025
    * SEES EPRA EARNINGS ABOUT 45% AVERAGE GROWTH PER YEAR, IN 2022-2025

Source text: https://bit.ly/3HSNlt6
Further company coverage:  LRES.MC 

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