Brief: Intervest Offices & Warehouses FY Operating Result Rises To EUR 108.4 Million

Intervest Offices & Warehouses NV

14/02/2022 17:48

Feb 14 (Reuters) - Intervest Offices & Warehouses NV
 PRIF.BR :
    * FY EPRA EARNINGS PER SHARE OF EUR 1.74 FOR 2021, + 9%
COMPARED
TO 2020
    * PROPOSED GROSS DIVIDEND OF EUR 1.53 FOR 2021 - AT SAME
LEVEL AS
FOR 2020
    * EXPECTATION OF SIMILAR RESULT FOR 2022 AS FOR 2021
    * GROWTH LINKED TO STRATEGIC FOCUS ON OWN (RE)DEVELOPMENTS
WILL
START PAYING OFF FROM 2023 ONWARDS
    * INTENTION MINIMUM GROSS DIVIDEND EUR 1.53 PER SHARE FOR
FINANCIAL YEAR 2022
    * 2021 REAL ESTATE FAIR VALUE OF THE PORTFOLIO EUROS 1.2
BILLION
    * 2021 EPRA EARNINGS PER SHARE EUR 1.74
    * THE FAIR VALUE OF THE INVESTMENT PROPERTIES AMOUNTS TO €
1.2
MILLION AS AT 31 DECEMBER 2021 (€ 1.0 MILLION AS AT 31 DECEMBER
2020)
    * 2021 ORGANIC GROWTH IN RENTAL INCOME: 4%
    * 2021 INCREASE IN OCCUPANCY RATE: * TOTAL REAL ESTATE
PORTFOLIO
TO 94% (+1% POINT)
    * FY NET RESULT GROUP SHARE EUR 98.1 MILLION VERSUS EUR 43.4
MILLION YEAR AGO
    * 2021 LOGISTICS PORTFOLIO INCREASE TO 100% (+4% POINTS)
    * 2021 THE CURRENT ASSETS AMOUNT TO EUR 29 MILLION
    * FY OPERATING RESULT EUR 108.4 MILLION VERSUS EUR 57.0
MILLION
YEAR AGO
    * 2021 RENTAL INCOME EUR 65.0 MILLION VERSUS EUR 61.3
MILLION YEAR
AGO

Source text for Eikon:  ID:nGNE5dQ7l2 
Further company coverage:  PRIF.BR 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48587696600;))