Brief: Intervest Offices & Warehouses End-March EPRA Earnings Stable At EUR 0.36 Per Share

Intervest Offices & Warehouses NV

03/05/2018 17:00

May 3 (Reuters) - INTERVEST OFFICES & WAREHOUSES NV
 PRIF.BR :
    * FAIR VALUE OF TOTAL REAL ESTATE PORTFOLIO: EUR 667 MILLION
AT
END-MARCH
    * Q1 OPERATING RESULT EUR ‍​10.9 MILLION VERSUS EUR 7.6
MILLION
YEAR AGO
    * Q1 NET PROFIT EUR 9.2‍​ MILLION VERSUS EUR 5.9 MILLION
YEAR AGO
    * OCCUPANCY RATE OF REAL ESTATE PORTFOLIO: 86% AS AT
END-MARCH
    * END-MARCH EPRA EARNINGS EUR 0.36PER SHARE VERSUS EUR
0.36PER
SHARE YEAR AGO
    * Q1 RENTAL INCOME EUR 11.6‍​ MILLION VERSUS EUR 10.4
MILLION YEAR
AGO
    * OCCUPANCY RATE OF LOGISTICS PORTFOLIO: 97% AS AT END-MARCH
    * OCCUPANCY RATE OF OFFICE PORTFOLIO: 76% AS AT END-MARCH
    * INTENDS TO HAVE REAL ESTATE PORTFOLIO GROW TO EUR 800
MILLION BY
END 2018
    * REAL ESTATE PORTFOLIO: CURRENTLY ANALYSES PROMISING SET OF
POTENTIAL ACQUISITIONS INCL. IN NETHERLANDS
    * END-MARCH EPRA NAV EUR 20.11PER SHARE VERSUS EUR 19.62PER
SHARE
AT END-DEC.
    * GENK GREEN LOGISTICS: EXPECTS CONTRACTUAL AGREEMENT WITH
FLEMISH
GOVERNMENT TO BE FINALISED IN Q2
    * REDEVELOPMENT OF GREENHOUSE BXL WILL BE COMPLETED DURING
COURSE
OF 2018
    * GREENHOUSE BXL: CONSTRUCTION WORKS ARE EXPECTED TO BE
COMPLETED
BY MID-2018
    * PLANNED GROWTH OF PORTFOLIO CAN YIELD POSITIVE
CONTRIBUTION
TOWARDS EXPECTED 2018 RESULTS

Source text for Eikon:  ID:nGNE5dJ7rh 
Further company coverage:  PRIF.BR 

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