Brief: Home Invest Belgium End-March Real Estate Portfolio Up At EUR 656.5 Mln

Home Invest Belgium SA

19/05/2021 16:44

May 19 (Reuters) - HOME INVEST BELGIUM SA  HINV.BR :
    * Q1 RESULTS
    * INCREASE OF THE AVERAGE OCCUPANCY RATE TO 96,6% IN THE
FIRST
THREE MONTHS OF 2021 (COMPARED TO 94,3 % FOR THE WHOLE FINANCIAL
YEAR 2020
    * INCREASE IN THE FAIR VALUE OF THE REAL ESTATE PORTFOLIO TO
€
656,51 MILLION AT 31 MARCH 2021
    * INCREASE OF THE OPERATING MARGIN TO 48,5 % IN THE THREE
FIRST
MOTHS OF 2021 (COMPARED TO 41,7 % DURING THE FIRST THREE MONTHS
OF 2020)
    * 14.9% INCREASE IN THE EPRA EARNINGS TO € 2.37 MILLION
DURING THE
FIRST THREE MONTHS OF 2021
    * INCREASE IN THE DISTRIBUTABLE RESULT TO € 3.98 MILLION
DURING
THE FIRST THREE MONTHS OF 2021
    * INCREASE IN EPRA NTA PER SHARE TO € 99.48 AT 31 MARCH 2021
    * HAS APPROVED DISTRIBUTION OF A GROSS DIVIDEND OF € 4.95
PER
SHARE FOR FINANCIAL YEAR 2020
    * STABLE DEBT RATIO OF 51.59% (RREC ROYAL DECREE) AND 50.27%
(IFRS) AT 31 MARCH 2021
    * AVERAGE COST OF DEBT AMOUNTS TO 1.58% IN THE FIRST THREE
MONTHS
OF 2021
    * THE BOARD OF DIRECTORS CONFIRMS ITS CONFIDENCE IN THE
LONG-TERM
PROSPECTS OF THE COMPANY
    * AT 31 MARCH 2021, HOME INVEST BELGIUM HOLDS A REAL ESTATE
PORTFOLIO OF € 656.51 MILLION
    * HOME INVEST BELGIUM IS CONSIDERING INTERNATIONAL EXPANSION
OF
ITS ACTIVITIES AS A SPECIALIST IN THE RESIDENTIAL RENTAL MARKET
    * DURING THE FIRST THREE MONTHS OF 2021, HOME INVEST BELGIUM
HAS
SOLD PROPERTY FOR A TOTAL NET AMOUNT OF € 4.16 MILLION

Source text: https://bit.ly/3v5YQ9x
Further company coverage:  HINV.BR 

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