Brief: PAREF : H1 Net Rental Income Up At 4.4 Million Euros

Paris Realty Fund SA

31/07/2020 17:03

July 31 (Reuters) - PARIS REALTY FUND SA  PARF.PA :
    * H1 EPRA NET RECURRING RESULTS INCREASED BY 9% REACHING
€3.65 PER
SHARE (€3.35 AS AT JUNE 30,2019);
    * A PORTFOLIO OF ASSETS UNDER MANAGEMENT REACHING €2.3 BN
(+7%)
FOR H1
    * H1 LEVERAGE (LTV) REMAINS LOW AT 26% VERSUS 28% AS AT
DECEMBER
31,2019.
    * AS AT JUNE 30, 2020, THE GROSS DEBT OF THE GROUP STANDS AT
€70
MN VERSUS €78 MN AS AT DECEMBER 31, 2019
    * END-H1 SUBSTANTIAL LIQUIDITY OF APPROXIMATIVELY €40 MN
(INCLUDING AN UNDRAWN COMMITTED CREDIT LINE)
    * END-H1 FINANCIAL OCCUPANCY RATE INCREASES AT 87.5% VERSUS
86.3%
AS AT DECEMBER 31,2019
    * GROUP PORTFOLIO VALUATION OF OWNED ASSETS STANDS AT EUR
184
MILLION AS AT JUNE 30, 2020
    * H1 NET RENTAL INCOME STANDS AT €4.4 MN, INCREASING THANKS
TO THE
ACQUISITION OF 6 FLOORS IN FRANKLIN TOWER
    * AS AT JUNE 30, 2020, THE GROSS DEBT OF THE GROUP STANDS AT
€70
MN VERSUS €78 MN AS AT DECEMBER 31, 2019
    * NET RENTAL INCOME OF PAREF'S OWNED ASSETS STANDS AT €4.4
MN IN
H1 2020
    * AS AT JUNE 30, 2020, PAREF GESTION MANAGES €1,758 MN OF
ASSETS
ON BEHALF OF THIRD PARTIES
    * H1 CONSOLIDATED CURRENT OPERATING RESULT EUR 5.6 MILLION
VERSUS
EUR 5.5 MILLION YEAR AGO

Source text for Eikon:  ID:nACT64608 
Further company coverage:  PARF.PA 

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