Brief: Navstone Total Property Portfolio Value At The End Of 2021 Was Around Eur 6.5 Million

Navstone SE

20/01/2022 12:42

Jan 20 (Reuters) - NAVSTONE SE  NUQA.F :
    * REPORTS ON THE CURRENT BUSINESS DEVELOPMENT IN Q4 2021 AND
PROVIDES AN OUTLOOK FOR THE FINANCIAL YEAR 2022
    * NAVSTONE SE'S GOAL IS TO BUILD UP A REAL ESTATE PORTFOLIO
WITH A
TOTAL VALUE OF APPROXIMATELY EUR 30 MILLION
    * TOTAL VALUE OF THE PROPERTY PORTFOLIO AT THE END OF 2021
WAS
AROUND EUR 6.5 MILLION
    * IN ADDITION TO THE EXISTING PORTFOLIO, RESERVATIONS FOR
FOUR
FURTHER PROPERTIES WITH A TOTAL VALUE OF EUR 5.85 MILLION WERE
MADE IN THE FOURTH QUARTER OF 2021
    * THE ACQUISITION OF THESE PROPERTIES IS EXPECTED TO BE
COMPLETED
IN THE COMING MONTHS
    * IN TOTAL, THIS WOULD INCREASE THE PORTFOLIO TO MORE THAN
EUR 12
MILLION AND THE ANNUALISED RENTAL INCOME TO MORE THAN EUR 0.9
MILLION
    * IN 2021, A RESULT AT THE UPPER END OF THE GUIDANCE RANGE
OF €
1.6 TO € 2.0 MILLION COULD BE ACHIEVED
    * STRATEGIC REORIENTATION OF THE COMPANY TOWARDS THE REAL
ESTATE
SECTOR CAN PROBABLY BE COMPLETED IN 2022
    * FOR THE 2022 FINANCIAL YEAR, THE MANAGEMENT EXPECTS A
RESULT OF
MORE THAN € 0.5 MILLION. THE DIVIDEND OF € 0.10 PER SHARE WILL
THEREFORE BE EARNED OPERATIONALLY IN 2022 AS WELL AS IN THE
FOLLOWING YEARS

Source text for Eikon:  ID:nPexc5rdya 
Further company coverage:  NUQA.F 

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