Brief: Leasinvest Real Estate Says Its Retail Part Most Impacted By Coronavirus

Nextensa NV

30/03/2020 17:52

March 30 (Reuters) - Leasinvest Real Estate SCA  LNRE.BR :
    * UPDATE COVID-19-IMPACT - ANNUAL FINANCIAL REPORT 2019
    * ON CORONAVIRUS: RETAIL PART OF OUR CONSOLIDATED REAL
ESTATE
PORTFOLIO IS AT PRESENT MOST IMPACTED
    * CURRENT CIRCUMSTANCES DO AT PRESENT HOWEVER NOT IMPAIR
CONTRACTUAL LEASE OBLIGATIONS, UNLESS OTHERWISE DEFINED BY LOCAL
LEGISLATION OR REGULATION
    * DEBT RATIO IS EXPECTED TO INCREASE ON 31 MARCH 2020, BUT
WILL
REMAIN BELOW 60%-THRESHOLD
    * AS ANNOUNCED BY COMPANY ON 19 FEBRUARY, PAYMENT OF A GROSS
DIVIDEND OF 5.25 EUR PER SHARE WILL BE PROPOSED AT NEXT GENERAL
MEETING OF 18 MAY
    * EXPECTS AN IMPACT ON VALUATION OF PARTICIPATION (10.70%)
IN
RETAIL ESTATES, AS ITS SHARE PRICE HAS STRONGLY DECREASED OVER
PAST WEEKS
    * DISPOSES OF SOLID AND FIXED SHAREHOLDERS, A HIGH-QUALITY
REAL
ESTATE PORTFOLIO, CONFIRMED AND SUFFICIENT CREDIT LINES
(HEADROOM OF CA. EUR 90 MILLION ON 31 DECEMBER 2019)
    * COMPANY CAN AT PRESENT NOT ASSESS IMPACT ON 2020 COMPANY
RESULTS
    * CONFIRMS THAT AFOREMENTIONED EVENTS DO NOT IMPACT EVENTS
OF
CLOSED FINANCIAL YEAR 2019

Source text for Eikon:  ID:nGNE1CDQJ6 
Further company coverage:  LNRE.BR 

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