Brief: Leasinvest Real Estate Comm Q1 Rental Income Stable At 15 Million Euros

Nextensa NV

17/05/2021 06:40

May 17 (Reuters) - LEASINVEST REAL ESTATE COMM VA  LNRE.BR :
    * EPRA EARNINGS END OF MARCH 2021 AMOUNT TO EUR 7.2 MILLION,
IN
LINE WITH END OF MARCH 2020 (EUR 7.3 MILLION)
    * THE RENTAL INCOME IS IN LINE WITH Q1 2020 AND AMOUNTS TO €
15.0
M PER 31 MARCH 2021 IN COMPARISON WITH € 15.1 M PER 31 MARCH
2020
    * Q1 OCCUPANCY RATE RISES FROM 91.62% (31/12/2020) TO 92.05%
    * PROPOSAL FOR APPROVAL OF DIVIDEND DISTRIBUTION OVER
FINANCIAL
YEAR 2020 OF EUR 5.25 GROSS PER SHARE
    * NET RESULT OVER Q1 2021 AMOUNTS TO € 7.7 M COMPARED TO - €
50.2
M ON 31/03/2020
    * END OF MARCH 2021 THE DEBT RATIO AMOUNTS TO 54.56% IN
COMPARISON
WITH 55.58% END 2020
    * OUTLOOK: COVID-19 WILL STILL NEGATIVELY AFFECT THE
AUSTRIAN Q2
FIGURES
    * BOTH IN BELGIUM AND LUXEMBOURG, THE SHOPS WERE ALWAYS ABLE
TO
REMAIN OPEN AND ONLY THE CATERING INDUSTRY REMAINED CLOSED, SO
THE IMPACT ON RENTAL TURNOVER IS EXPECTED TO BE VERY LIMITED

Source text for Eikon:  ID:nGNE1YRQvm 
Further company coverage:  LNRE.BR 

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