Brief: Leasinvest Real Estate H1 Operating Income Down At 21.6 Million Euros

Nextensa NV

22/08/2018 17:17

Aug 22 (Reuters) - LEASINVEST REAL ESTATE SCA  LNRE.BR :
    * H1 EPRA EARNINGS INCREASE BY 5.3% FROM EUR 13.3 MILLION
END 1H
2017 TO EUR 14.0 MILLION
    * H1 RISE (+26%) OF NET RESULT FROM EUR 15.6 MILLION END 1H
2017
TO EUR 19.7 MILLION OR EUR 3.99 PER SHARE
    * H1 RENTAL INCOME IN LINE WITH FIRST HALF-YEAR OF 2017
    * H1 RENTAL YIELD (BASED ON FAIR VALUE) INCREASES FROM 6.44%
END
2017 TO 6.61%
    * H1 NET ASSET VALUE GROUP SHARE EUR 376.6 MILLION VERSUS
EUR
382.2 MILLION YEAR AGO
    * H1 EPRA NAV PER SHARE EUR 82.8 VERSUS EUR 81.6 YEAR AGO
    * H1 RENTAL INCOME EUR 27.9 MILLION VERSUS EUR 28.1 MILLION
YEAR
AGO
    * H1 OPERATING INCOME EUR 21.6 MILLION VERSUS EUR 23.1
MILLION
YEAR AGO
    * END-H1 OCCUPANCY RATE 94.4 PERCENT VERSUS 94.8 PERCENT
YEAR AGO
    * EXPECTS FOR 2018 RENTAL INCOME IN LINE WITH 2017
    * FY 2018 FUNDING COSTS WILL DECREASE, ALSO BY RESTRUCTURING
THE
HEDGES PORTFOLIO

Source text for Eikon:  ID:nGNE8vSs11 
Further company coverage:  LNRE.BR 

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