Brief: NSI FY Total Comprehensive Income Turns To Loss Of Eur 20.4 Mln

NSI NV

26/01/2021 06:18

Jan 26 (Reuters) - NSI NV  NSTEc.AS :
    * EPRA EPS FOR FY 2020 OF € 2.35 PER SHARE, NET OF € 0.08
COVID
IMPACT
    * FULL YEAR DIVIDEND STABLE AT EUR 2.16 PER SHARE
    * FY LTV AT 29.2% ALLOWS FOR FUTURE
DEVELOPMENTS/ACQUISITIONS
    * FY EPRA VACANCY RATE OF 7.0%, A 0.7% IMPROVEMENT ON A
LIKE-FOR-LIKE BASIS
    * FY NET RENTAL INCOME EUR 60.5 MILLION VERSUS EUR 67.2
MILLION
YEAR AGO
    * WHILST WE WILL CONTINUE TO PUSH HARD TO ATTRACT NEW
BUSINESS, A
FURTHER FALL IN THE VACANCY RATE IN 2021 IS NOT A GIVEN
    * WE FORECAST AN EPRA EPS OF € 2.25–2.35 FOR 2021
    * OUR CURRENT ESTIMATE FOR 2025, INCLUDING THE DISPOSAL OF
OUR
NON-CORE ASSETS, IS AN EPRA EPS IN THE RANGE OF € 2.60– 2.70
    * NSI NV SEES 2025 LTV OF 34-36%
    * FY TOTAL COMPREHENSIVE LOSS FOR YEAR EUR 20.4 MILLION
VERSUS
PROFIT EUR 196.3 MILLION YEAR AGO

Source text for Eikon:  ID:nNDL8DPDMh 
Further company coverage:  NSTEc.AS 

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