Brief: Home Invest Belgium FY EPRA Earnings Up At Eur 21.18 Million

Home Invest Belgium SA

15/02/2024 17:22

Feb 15 (Reuters) - Home Invest Belgium SA  HINV.BR :
    * 14.7% INCREASE IN EPRA EARNINGS TO EUR 21.18 MILLION IN
2023
(COMPARED TO EUR 18.47 MILLION IN 2022)
    * THE EPRA NTA PER SHARE IS € 20.36 ON 31 DECEMBER 2023
(COMPARED
TO EUR 21.40 ON 31 DECEMBER 2022
    * INCREASE IN THE FAIR VALUE OF THE REAL ESTATE PORTFOLIO TO
EUR
780.93 MILLION ON 31 DECEMBER 2023
    * LFL (LIKE-FOR-LIKE) RENT GROWTH OF 7.2% IN 2023
    * INCREASE IN AVERAGE OCCUPANCY RATE TO 98.5% IN 2023
(COMPARED TO
98.1% IN 2022)
    * OUTLOOK: FOR 2024, EXPECTS AN INCREASE OF THE EPRA
EARNINGS PER
SHARE TO EUR 1.15 (COMPARED TO € 1.13 IN 2023)
    * DISTRIBUTION TO SHAREHOLDERS OF EUR 1.12 PER SHARE WILL BE
PROPOSED FOR FINANCIAL YEAR 2023 (COMPARED TO € 1.10 FOR 2022)
    * FOR COMING YEARS, BOARD ENVISAGES A DISTRIBUTION POLICY
BASED ON
AN AVERAGE INCREASE EQUAL TO OR HIGHER THAN THE LONG-TERM
INFLATION
    * THE DISTRIBUTION TO SHAREHOLDERS WILL CONSIST OF THE
COMBINATION
OF GROSS DIVIDEND OF EUR 1.01 PER SHARE AND A EUR 0.11 PER SHARE
REDUCTION IN SHAREHOLDERS' EQUITY, PROPOSED ON 7 MAY 2024

Further company coverage:  HINV.BR 

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