Brief: Intervest Offices & Warehouses Q1 Operating Result Down At EUR 23.4 Million

Intervest Offices & Warehouses NV

04/05/2022 17:30

May 4 (Reuters) - Intervest Offices & Warehouses NV
 PRIF.BR :
    * EPRA EARNINGS PER SHARE AMOUNT TO € 0,51 FOR Q1 2022
    * EXPECTED EPRA RESULT PER SHARE FOR 2022 BETWEEN € 1,71 AND
€
1,75
    * Q1 OCCUPANCY RATE FOR THE TOTAL REAL ESTATE PORTFOLIO
AMOUNTS TO
91%
    * INTERVEST INTENDS TO PROPOSE A GROSS DIVIDEND FOR
FINANCIAL YEAR
2022 AT AT LEAST THE SAME LEVEL AS FOR FINANCIAL YEAR 2021,
NAMELY € 1,53 PER SHARE
    * IN THE COURSE OF 2022, INTERVEST WILL REASSESS ITS
LONG-TERM
STRATEGIC AND SUSTAINABLE AMBITIONS  AFTER #CONNECT2022
    * IN 2023 THE GROWTH LINKED TO THE STRATEGIC FOCUS ON OWN
(RE)DEVELOPMENTS WILL FURTHER PAY OFF  WITH AN EXPECTED INCREASE
IN EPRA EARNINGS COMPARED TO 2022
    * FORECASTS ARE BASED ON CURRENT KNOWLEDGE AND ESTIMATES OF
INTEREST RATE FLUCTUATIONS,  THE STRATEGIC GROWTH PLAN
#CONNECT2022 AND ARE BARRING UNFORESEEN CIRCUMSTANCES
    * Q1 FAIR VALUE OF THE PORTFOLIO EUR 1.3 BILLION
    * Q1 GROSS RENTAL YIELD 6.1%
    * Q1 DEBT RATIO 45.2%
    * THE FAIR VALUE OF THE INVESTMENT PROPERTIES AMOUNTS TO €
1.256
MILLION AS AT 31 MARCH 2022
    * Q1 NET RENTAL INCOME EUR 18.9 MILLION VERSUS EUR 15.9
MILLION
YEAR AGO
    * Q1 OPERATING RESULT EUR 23.4 MILLION VERSUS EUR 30.8
MILLION
YEAR AGO

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Further company coverage:  PRIF.BR 

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