Brief: NSI Q1 Gross Rental Income Stable At 19.4 Million Euros

NSI NV

15/04/2021 06:27

April 15 (Reuters) - NSI NV  NSTEc.AS :
    * Q1 2021 TRADING UPDATE
    * ACQUISITION OF TWO OFFICE ASSETS IN AMSTERDAM AND ONE IN
ROTTERDAM FOR €79.8M, AT AN ATTRACTIVE 5.8% GROSS YIELD
    * EPRA VACANCY RATE 7.8%; 6.1% EXCLUDING STRATEGIC VACANCY
    * RENT COLLECTION FOR Q1 2021 AT 97.8%; OFFICE/HNK RENT
COLLECTION
AT 99.6%
    * Q1 EPRA EPS €0.47 PER SHARE, DOWN €0.07 VERSUS 20Q1;
GUIDANCE
REMAINS €2.25 - €2.35 FOR FULL YEAR 2021
    * END-MARCH LTV AT 33.0%, VERSUS 29.2% AT DECEMBER 2020
    * Q1 GROSS RENTAL INCOME EUR 19.4 MILLION VERSUS EUR 19.3
MILLION
YEAR AGO
    * WE ARE STILL COMFORTABLE WITH A FORECAST FOR EPRA EPS OF
€2.25
TO €2.35 PER SHARE FOR 2021

Source text for Eikon:  ID:nNDL4gcv6z 
Further company coverage:  NSTEc.AS 

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