Brief: Nextensa Q1 Rental Income Up At 17.2 Million Euros

Nextensa NV

16/05/2022 07:19

May 16 (Reuters) - Nextensa NV  NEXTA.BR :
    * Q1 OPERATIONAL RESULT OF DEVELOPMENT PROJECTS EUR 4,466
MILLION
VERSUS EUR 15,373 MILLION IN Q4 2021 
    * Q1 NET RESULT OF €21.8 MILLION, OR €2.18 PER SHARE
    * OUTLOOK: THERE IS NO LONGER ANY IMPACT FROM THE COVID
PANDEMIC
    * OUTLOOK: GRADUAL EASING OF RESTRICTIVE MEASURES HAS ALSO
MEANT
THAT EVENTS CAN ONCE AGAIN TAKE PLACE AS BEFORE, WHICH WILL HAVE
A POSITIVE EFFECT ON INCOME AT THE TOUR&TAXIS SITE
    * OUTLOOK: CONSTRUCTION OF THE ALMOST ENTIRELY PRE-LET
“DARWIN I”
PROJECT IS ON SCHEDULE FOR DELIVERY AT THE END OF Q3 2022
    * OUTLOOK: TWO OFFICE PROJECTS, EACH OF 7,000 M², ARE
EXPECTED TO
START DURING Q2 2022
    * OUTLOOK: CONSTRUCTION OF THE “D-NORTH” APARTMENTS IS ALSO
ON
SCHEDULE FOR DELIVERY IN MID-2023
    * OUTLOOK: ALL THESE ELEMENTS SHOULD RESULT IN A
SIGNIFICANTLY
HIGHER NET RESULT FOR THE FINANCIAL YEAR 2022 COMPARED TO 2021
    * IT WILL BE PROPOSED TO DISTRIBUTE A DIVIDEND TO THE SHARES
ENTITLED TO DIVIDENDS OF €2.50 PER SHARE
    * THE DECLINING TREND IN THE FINANCIAL DEBT RATIO (FINANCIAL
DEBT
DIVIDED BY BALANCE SHEET TOTAL) FROM 48.6% AT 31 DECEMBER 2021
TO 46.3% AT 31 MARCH 2022 IS EXPECTED TO CONTINUE FOR THE REST
OF 2022
    * RENTAL INCOME IS SIGNIFICANTLY HIGHER THAN IN THE SAME
QUARTER
OF LAST YEAR: UP BY €2.1 MILLION AT €17.2 MILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nGNE8B8ZxX
Further company coverage:  NEXTA.BR 

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