Brief: Leasinvest Real Estate FY Rental Income Up At 65.3 Million Euros

Nextensa NV

19/02/2020 16:59

Feb 19 (Reuters) - Leasinvest Real Estate SCA  LNRE.BR :
    * SAYS FY EPRA EARNINGS RISE BY 29.5% FROM € 31.3 MILLION
END 2018
TO € 40.5 MILLION (€ 6.83 PER SHARE VERSUS € 6.03 PER SHARE)
    * FY INCREASE IN RENTAL INCOME BY EUR 9,1 MILLION
    * SAYS DIVIDEND RISES FROM EUR 5.10 TO EUR 5.25 GROSS PER
SHARE
    * SUCCESSFUL PLACEMENT OF A PRIVATE BOND OF EUR 100 MILLION
AT
1.95% ON 7 YEARS FIXED
    * SAYS FUNDING COST DROPS FROM 2.59% ON 31/12/2018 TO 2.14%
END
2019
    * SAYS FY NET RESULT, GROUP SHARE, AMOUNTS TO € 49.9 MILLION
END
2019 COMPARED TO € 38.2 MILLION END 2018.
    * SAYS FY RENTAL INCOME HAS STRONGLY RISEN TO € 65.3 MILLION
(+ €
9.1 MILLION)
    * SAYS 2020 DIVIDEND IS FORECASTED TO BE EQUAL TO THE
DIVIDEND
OVER THE FINANCIAL YEAR 2019, NAMELY € 5.25 GROSS PER SHARE
    * IN 2020 EXPECTS A COMPARABLE LEVEL OF RENTAL INCOME IN
COMPARISON WITH 2019
    * SAYS IN 2020 THE FUNDING COSTS, AT A CONSTANT CREDIT
WITHDRAWAL
IN 2020, ARE EXPECTED TO BE SLIGHTLY HIGHER THAN IN 2019

Source text for Eikon:  ID:nGNE5CVkyC 
Further company coverage:  LNRE.BR 

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