Brief: Home Invest Belgium Q1 EPRA Earnings Rise To EUR 3.1 Million

Home Invest Belgium SA

17/05/2023 17:09

May 17 (Reuters) - Home Invest Belgium SA  HINV.BR :
    * FOR 2023 HOME INVEST BELGIUM EXPECTS AN INCREASE OF THE
EPRA
EARNING PER SHARE TO € 1.10 (COMPARED  TO € 1.08 IN 2022).
    * INCREASE IN THE FAIR VALUE OF THE REAL ESTATE PORTFOLIO TO
€
773,98 MILLION AT 31 MARCH 2023
    * HAS APPROVED  A TOTAL DISTRIBUTION OF € 1.10 PER SHARE,
WHICH
IMPLIES AN INCREASE FOR THE 23ND CONSECUTIVE YEAR
    * FOR THE COMING YEARS, THE BOARD OF DIRECTORS FORESEES A
PAY-OUT
POLICY BASED ON AN AVERAGE INCREASE  EQUAL TO OR HIGHER THAN THE
LONG TERM INFLATION
    * THE EPRA NTA PER SHARE AMOUNTS TO € 21.02 AT 31 MARCH 2023
(-
1.8% COMPARED TO € 21,40 AT 31 DECEMBER 2022)
    * 15.9% INCREASE IN THE EPRA EARNINGS TO € 3.10 MILLION
DURING THE
FIRST THREE MONTHS OF 2023 (COMPARED TO € 2.68 MILLION DURING
THE FIRST THREE MONTHS OF 2022)
    * THE COMPANY DOES NOT HAVE CREDIT LINES OR BONDS MATURING
IN
2023. THE FIRST COMING MATURITY DATES FALL IN 2024
    * Q1 OPERATING LOSS EUR 5.7 MLN VS PROFIT EUR 2.8 MLN YR AGO
    * Q1 NET LOSS 8.9 MLN VS PROFIT OF EUR 14.8 MLN YR AGO

Source text for Eikon:  ID:nNDL7NdDNg 
Further company coverage:  HINV.BR 

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