Brief: Home Invest Belgium Q1 Net Result Up At EUR 14.8 Mln

Home Invest Belgium SA

18/05/2022 16:40

May 18 (Reuters) - HOME INVEST BELGIUM SA  HINV.BR :
    * END-MARCH REAL ESTATE PORTFOLIO VALUE OF EUR 734.35
MILLION
VERSUS EUR 725.47 MILLION AT END-DEC
    * DEBT RATIO OF 52.67% (IFRS) AS OF MARCH 31, 2022
    * Q1 NET RENTAL INCOME EUR 7.5 MILLION VERSUS EUR 6.5
MILLION YEAR
AGO
    * AVERAGE OCCUPANCY RATE ROSE TO 98.2% DURING Q1, VERSUS
96.6%
YEAR AGO
    * Q1 NET RESULT EUR 14.8 MILLION VERSUS EUR 11.7 MILLION
YEAR AGO
    * EPRA RESULT ROSE BY 13.2% TO EUR 2.68 MILLION DURING Q1,
VERSUS
TO EUR 2.37 MILLION YEAR AGO
    * THE RESIDENTIAL RENTAL MARKET CONTINUES TO DEVELOP
FAVORABLY IN
CITIES WHERE CO IS ACTIVE
    * CONFIRMS CONFIDENCE IN COMPANY'S LONG-TERM FORECASTS
    * Q1 OPERATING RESULT EUR 2.8 MILLION VERSUS EUR 11.2
MILLION YEAR
AGO
    * FOR 2022, EXPECTS INCREASE IN EPRA EARNINGS PER SHARE TO
EUR
5.20

Further company coverage:  HINV.BR 

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