Brief: Home Invest Belgium H1 Operating Result Before Portfolio Result Up 15,9% To 7.66 Million Euros

Home Invest Belgium SA

03/09/2020 17:10

Sept 3 (Reuters) - Home Invest Belgium SA  HINV.BR :
    * INCREASE IN THE FAIR VALUE OF THE REAL ESTATE PORTFOLIO TO
€
636.05 MILLION ON 30 JUNE 2020
    * AVERAGE OCCUPANCY RATE OF 94,5% IN THE FIRST SIX MONTHS OF
2020
    * INCREASE OF RENTAL INCOME BY 6,0% TO € 13.18 MILLION IN
THE
FIRST HALF OF 2020
    * IN H1, 35,2 % INCREASE IN THE EPRA EARNINGS TO € 6.23
MILLION
(COMPARED TO € 4.61 MILLION IN THE FIRST HALF OF 2019)
    * STABLE EPRA NAV PER SHARE OF € 96,22 ON 30 JUNE 2020 (+
0,2%
COMPARED TO € 96,00 ON 31 DECEMBER 2019)
    * THE COMPANY DOES NOT HAVE CREDIT LINES OR BONDS MATURING
IN 2020
AND 2021
    * DEBT RATIO TO 51,95% (RREC ROYAL DECREE) AND 50,61% (IFRS)
ON 30
JUNE 2020
    * THE BOARD OF DIRECTORS EXPECTS THE GROSS DIVIDEND OF THE
FINANCIAL YEAR 2020 TO BE AT LEAST EQUAL TO THAT OF THE PREVIOUS
FINANCIAL YEAR
    * HOME INVEST BELGIUM HAS € 30,00 MILLION AVAILABLE CREDIT
LINES
    * DECREASE IN THE AVERAGE COST OF DEBT TO 1,51% IN THE FIRST
HALF
YEAR OF 2020 (COMPARED TO 2,14% IN THE FIRST HALF YEAR OF 2019).
    * APPROVED THE DISTRIBUTION OF A GROSS DIVIDEND OF € 4,85
PER
SHARE FOR THE FINANCIAL YEAR 2019
    * THE OPERATING RESULT BEFORE THE PORTFOLIO RESULT INCREASED
FROM
€ 6.61 MILLION DURING THE FIRST SIX MONTHS OF 2019 TO € 7.66
MILLION DURING THE FIRST SIX MONTHS OF 2020 (+ 15,9%)
    * H1 NET RENTAL PROFIT EUR 13.1 MILLION VERSUS EUR 12.4
MILLION
YEAR AGO
    * H1 NET RESULT EUR 1.3 MILLION VERSUS EUR 32.1 MILLION YEAR
AGO
    * HOME INVEST BELGIUM IS WELL POSITIONED TO TAKE ON A
LEADING ROLE
IN THE FAVOURABLE TRENDS OF THE RESIDENTIAL MARKET
    * CONFIRMS ITS CONFIDENCE IN THE LONG-TERM PROSPECTS OF THE
COMPANY
    * IS CONSIDERING INTERNATIONAL EXPANSION OF ITS ACTIVITIES
AS A
SPECIALIST IN THE RESIDENTIAL RENTAL MARKET

Source text for Eikon:  ID:nNDL59Rf5N 
Further company coverage:  HINV.BR 

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