Brief: Intervest Offices & Warehouses Updates On Impact Of COVID-19

Intervest Offices & Warehouses NV

01/04/2020 07:04

April 1 (Reuters) - Intervest Offices & Warehouses NV
 PRIF.BR :
    * UPDATE ON IMPACT OF COVID-19
    * AS AT 31 MARCH 2020 INTERVEST HAS ABOUT € 120 MILLION IN
NON-WITHDRAWN CREDIT FACILITIES AVAILABLE
    * NO FINANCING WILL NEED TO BE REDEEMED IN 2020 AND THE
COMMERCIAL
PAPER PROGRAMME IS FULLY BACKED UP WITH ADDITIONAL AVAILABLE
BACK-UP CREDIT LINES
    * NOT YET CLEAR WHAT THE FINAL CONSEQUENCES OF THIS PANDEMIC
WILL
BE
    * PROTRACTED PANDEMIC AND SUBSEQUENT ECONOMIC CRISIS COULD
IN THE
FUTURE HAVE A NEGATIVE EFFECT ON FAIR VALUE OF THE INVESTMENT
PROPERTIES AND ON EPRA EARNINGS
    * WITH A LIMITED DEBT RATIO OF APPROXIMATELY 41% AS AT 31
MARCH
2020 INTERVEST HAS ADEQUATE CAPACITY TO DEAL WITH THE RESULTING
IMPACT

Source text for Eikon:  ID:nGNE9dkmWc 
Further company coverage:  PRIF.BR 

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