Brief: Intervest Offices & Warehouses H1 Net Rental Income Up At 22.9 Million Euros

Intervest Offices & Warehouses NV

30/07/2018 17:12

July 30 (Reuters) - INTERVEST OFFICES & WAREHOUSES NV
 PRIF.BR :
    * H1 NET RENTAL INCOME EUR 22.9 MILLION VERSUS EUR 21.0
MILLION
YEAR AGO
    * IN H1 INCREASE BY 10% IN FAIR VALUE OF INVESTMENT
PROPERTIES:
EUR 727 MILLION AS AT 30 JUNE 2018 (EUR 663 MILLION AS AT 31 DEC
2017)
    * H1 NET RESULT EUR 21.3 MILLION VERSUS EUR 8.7 MILLION YEAR
AGO
    * H1 OPERATING RESULT EUR 25.6 MILLION VERSUS EUR 11.5
MILLION
YEAR AGO
    * INTERVEST IS NEGOTIATING MORE ACQUISITIONS FOR THE SECOND
HALF
OF THE YEAR 2018, WITH PROSPECTS FOR 2019, WHICH MAKES FOR GREAT
CONFIDENCE THAT THE EXPECTED TARGET WILL BE ACHIEVED
    * EXPECTS THE EPRA EARNINGS PER SHARE FOR FINANCIAL YEAR
2018 TO
BE BETWEEN EUR 1,57 AND EUR 1,62 PER SHARE (EUR 1,58 FOR
FINANCIAL YEAR 2017)
    * TO PLAN A GROSS DIVIDEND OF A MINIMUM OF EUR 1,40 PER
SHARE FOR
FINANCIAL YEARS 2016, 2017 AND 2018
    * IN THE OFFICE PORTFOLIO, REDEVELOPMENT OF GREENHOUSE BXL
IN
DIEGEM WILL BE COMPLETED DURING SECOND HALF OF 2018

Source text for Eikon:  ID:nGNEbbD8Ys 
Further company coverage:  PRIF.BR 

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