Brief: Intervest Offices & Warehouses H1 Operating Result Up At EUR 32.9 MLN

Intervest Offices & Warehouses NV

31/07/2019 17:29

July 31 (Reuters) - INTERVEST OFFICES & WAREHOUSES NV
 PRIF.BR :
    * EXPECTS TO EXPAND THE REAL ESTATE PORTFOLIO TO A FAIR
VALUE OF €
1 BILLION BY THE END OF 2019
    * WANTS TO HAVE THE REAL ESTATE PORTFOLIO GROW TO € 1,3
BILLION BY
THE END OF 2021.
    * EXPECTS A GROWTH OF THE (UNDERLYING) EPRA EARNINGS PER
SHARE OF
AT LEAST 3% FOR THE 2019 FY
    * PLANS A GROSS DIVIDEND OF MINIMUM € 1,50 PER SHARE FOR THE
FINANCIAL YEAR 2019.
    * OCCUPANCY RATE OF THE TOTAL REAL ESTATE PORTFOLIO WAS 91%
AS AT
30 JUNE 2019
    * H1 RENTAL INCOME EUR 35.4 MILLION VERSUS EUR 22.9 MILLION
YEAR
AGO
    * H1 OPERATING RESULT EUR 32.9 MILLION VERSUS EUR 25.6
MILLION
YEAR AGO
    * FAIR VALUE OF INVESTMENT PROPERTIES AS AT 30 JUNE 2019
AMOUNTED
TO € 909 MILLION, UP 5% OR €42 MILLION VERSUS 31 DECEMBER 2018
(€ 867 MILLION)
    * H1 NET RESULT EUR 24.4 MILLION VERSUS EUR 21.3 MILLION
YEAR AGO

Source text for Eikon:  ID:nGNE2874H3 
Further company coverage:  PRIF.BR 

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