Brief: MRM FY Net Rental Income Down At 6.7 Million Euros

MRM SA

22/02/2019 06:44

Feb 22 (Reuters) - MRM SA  MRM.PA :
    * REG-MRM : 2018 FULL-YEAR RESULTS
    * FY PORTFOLIO VALUE: EUR 164.7M, UP 1.5% LIKE-FOR-LIKE
    * PROPOSED PAYOUT OF EUR 0.11 PER SHARE
    * ANNUALISED NET RENTS FROM RETAIL PROPERTIES UP 11% AT EUR
8.2M
    * GROSS RENTAL INCOME IN 2018 TOTALLED EUR 9.5 MILLION, DOWN
14.9%
    * NET RENTAL INCOME CAME TO EUR 6.7 MILLION IN 2018 COMPARED
WITH
EUR 7.8 MILLION IN 2017
    * INCREASE IN NET OPERATING CASH FLOW TO EUR 2.4M IN FY
    * END-DEC EPRA NNNAV WAS EUR 102.7 MILLION
    * MRM CONFIRMS ITS TARGET OF TOTAL ANNUALISED NET RENTS OF
OVER
EUR 10 MILLION ON COMPLETION OF VALUE-ENHANCEMENT PLAN,
SCHEDULED FOR EARLY 2020

Source text for Eikon:  ID:nGNE3gNncy 
Further company coverage:  MRM.PA 

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