Brief: Leasinvest Real Estate Q1 Rental Income Up At 14.6 Million Euros

Nextensa NV

17/05/2018 06:42

May 17 (Reuters) - LEASINVEST REAL ESTATE SCA  LNRE.BR :
    * INTERIM STATEMENT OF THE MANGER OVER THE FIRST QUARTER OF
THE
FINANCIAL YEAR 2018 (01/01/2018-31/03/2018)
    * Q1 RENTAL INCOME RECEIVED SLIGHTLY INCREASES FROM EUR 14.3
MILLION END Q1 2017 TO EUR 14.6 MILLION
    * END-Q1 OCCUPANCY RATE SLIGHTLY INCREASES TO 94.9%
    * END-Q1 EPRA EARNINGS INCREASE BY 12.6% FROM EUR 6.1
MILLION END
Q1 2017 TO EUR 6.9 MILLION
    * RISE (+97%) OF Q1 NET RESULT FROM EUR 3.5 MILLION END Q1
2017 TO
EUR 6.9 MILLION
    * FOR 2018, LEASINVEST REAL ESTATE EXPECTS A RENTAL INCOME
IN LINE
WITH 2017
    * EXPECTS FUNDING COSTS, TO DECREASE, ALSO BY RESTRUCTURING
THE
HEDGES PORTFOLIO
    * THIS WILL RESULT IN THE POSSIBILITY TO MAINTAIN THE
DIVIDEND AT
LEAST AT THE SAME LEVEL
    * END-Q1 EPRA NAV PER SHARE EUR 85.43 VERSUS EUR 83.99 YEAR
AGO
    * Q1 OPERATING MARGIN RISES FROM 70.5% IN Q1 2017 TO 73.4%
IN Q1
2018

Source text for Eikon:  ID:nGNE7ydvDx 
Further company coverage:  LNRE.BR 

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