Brief: MRM FY Net Rental Income Up At 7.3 Million Euros

MRM SA

28/02/2020 06:38

Feb 28 (Reuters) - MRM SA  MRM.PA :
    * SAYS FY NET OPERATING CASH FLOW UP SHARPLY AT 3,0 M€
    * SAYS FY ASSET VALUE: €168.1 MILLION, UP BY 5.5% AT
COMPARABLE
SCOPE OF CONSOLIDATION
    * FY NET RENTAL INCOME EUR 7.3 MILLION VERSUS EUR 6.7
MILLION YEAR
AGO
    * FY GROSS RENTAL INCOME EUR 9.1 MILLION VERSUS EUR 9.5
MILLION
YEAR AGO
    * SAYS AT THE END OF DECEMBER 2019, HAS CASH AND CASH
EQUIVALENTS
OF €12.3 MILLION
    * OUTLOOK 2020: REGARDING  RESTRUCTURING SITE / EXTENSION OF
VALENTIN, DELIVERY OF HULLS TO LESSEES IS SCHEDULED FOR 2ND
QUARTER OF 2020 FOR PUBLIC OPENING IN 3RD QUARTER 2020
    * PROPOSED PAYOUT OF €0.11 PER SHARE
    * OUTLOOK 2020:  CONFIRMS ITS TARGET OF A TOTAL AMOUNT OF
ANNUALIZED NET RENTS MORE THAN 10 MILLION EUROS, WITH AN
ASSUMPTION OF OCCUPANCY RATE OF THE SURFACES OF 95%
    * INTENDED COUPON DATE WILL BE 2 JUNE 2020 AND PAYMENT WILL
BE
MADE ON 4 JUNE 2020
    * GROSS DEBT STOOD AT €77.1 MILLION AT 31 DECEMBER 2019
COMPARED
WITH €74.1 MILLION A YEAR EARLIER

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

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