Brief: Intervest Offices & Warehouses Sees 2019 EPRA Earnings Per Share Of At Least 3%

Intervest Offices & Warehouses NV

04/11/2019 17:25

Nov 4 (Reuters) - Intervest Offices & Warehouses NV
 PRIF.BR :
    * 9-MONTH INCREASE IN FAIR VALUE OF EXISTING REAL ESTATE
PORTFOLIO
BY 2%
    * GROWTH OF THE REAL ESTATE PORTFOLIO BY 7% OR € 58 MILLION
IN
2019, TO A FAIR VALUE OF € 925 MILLION AS AT 30 SEPTEMBER 2019
(€ 867 MILLION AS AT 31 DECEMBER 2018)
    * AVERAGE INTEREST RATE OF FINANCING: 2,2% (2,4% IN FIRST
NINE
MONTHS OF 2018)
    * Q3 OCCUPANCY RATE OF THE TOTAL REAL ESTATE PORTFOLIO: 91%
(93%
AS AT 31 DECEMBER 2018)
    * Q3 DEBT RATIO: 44,1% (43,5% AS AT 31 DECEMBER 2018)
    * EPRA EARNINGS PER SHARE: € 1,46 IN THE FIRST NINE MONTHS
OF 2019
(€ 1,21 IN THE FIRST NINE MONTHS OF 2018)
    * FINANCIAL RESULT (EXCLUDING. CHANGES IN FAIR VALUE OF
FINANCIAL
ASSETS AND LIABILITIES) AMOUNTED TO € -6,5 MILLION (€ -5,8
MILLION) FOR THE FIRST NINE MONTHS OF 2019
    * AS AT 30 SEPTEMBER 2019, THE NET VALUE (FAIR VALUE) OF A
SHARE
WAS € 20,27 (€ 19,62 AS AT 31 DECEMBER 2018)
    * PLANS A GROSS DIVIDEND OF MINIMUM € 1,50 PER SHARE FOR THE
2019
FINANCIAL YEAR.
    * EXPECTS GROWTH OF THE (UNDERLYING) EPRA EARNINGS PER SHARE
OF AT
LEAST 3% FOR THE 2019 FINANCIAL YEAR.

Source text for Eikon:  ID:nNDL4LYCgz 
Further company coverage:  PRIF.BR 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7785110;))