Brief: Leasinvest Real Estate H1 Net Result Turns To Loss Of EUR 30.7 mln

Nextensa NV

19/08/2020 17:37

Aug 19 (Reuters) - Leasinvest Real Estate Comm VA  LNRE.BR :
    * HALF-YEAR FINANCIAL REPORT 2020
    * NET RESULT AMOUNTS TO EUR -30.7 MILLION END H1 2020 (VERSUS EUR 25.3
MILLION OR
EUR 4.27 PER SHARE END H1 2019)
    * DEBT RATIO INCREASES TEMPORARILY FROM 54.78% TO 58.07% FOLLOWING PAYMENT
ON
25/05/2020 OF DIVIDEND OVER FINANCIAL YEAR 2019
    * H1 EPRA EARNINGS DECREASE FROM EUR 22.1 MILLION AT END OF H1 2019 TO EUR
13,1
MILLION
    * REALIZES THAT COVID-19 PANDEMIC WILL ALSO CONTINUE TO IMPACT SECOND
HALF-YEAR OF
2020 AND PROBABLY EVEN PERIOD AFTER THAT
    * EFFECT OF THE COVID-19 PANDEMIC WAS STILL LIMITED IN THE FIRST HALF OF THE
YEAR
    * AT END JUNE 2020 OCCUPANCY RATE AT 91.05%
    * EXPECTS BEING WELL ON WAY TO BE ABLE TO DISTRIBUTE DIVIDEND OVER 2020
WHICH IS
IN LINE WITH DIVIDEND DISTRIBUTED FOR FY 2019
    * RENTAL INCOME DECREASED COMPARED TO THE FIRST HALF OF LAST YEAR: € 29.1
MILLION
IN H1 2020 VERSUS € 32.4 MILLION IN H1 2019
    * HAS CONFIRMED AND SUFFICIENT LINES OF CREDIT (HEADROOM OF APPROXIMATELY €
65
MILLION (INCLUDING CASH) ON JUNE 30

Source text for Eikon:  ID:nGNE36lnWS 
Further company coverage:  LNRE.BR 

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