Brief: QRF 2020 Operating Result Before Result On Portfolio Down At EUR 8.91 million

Qrf NV

26/02/2021 06:45

Feb 26 (Reuters) - QRF COMM. VA  QRF.BR :
    * EPRA-PROFIT DECREASED WITH 27.93% TO 6.52 MEUR IN 2020
(9.04
MEUR IN 2019)
    * PROPOSED STABLE GROSS DIVIDEND OF 0.80 EUR PER SHARE
    * 2020 OCCUPANCY RATE OF 97.59% (97.32% IN 2019): 97.72% FOR
CORE
PORTFOLIO AND 96.75% FOR NON-CORE PORTFOLIO
    * COVID-19 IMPACT ON REALIZED RENTAL INCOME FOR 2020 AMOUNTS
TO
EUR 1.30 MILLION, A LOSS OF 10.51% OF EXPECTED RENTAL INCOME
    * DEBT RATIO OF 49.28% AT END OF 2020 (VERSUS. 48.73% AT END
OF
2019)
    * 2020 FAIR VALUE OF PORTFOLIO OF EUR 208.43 MILLION OF
WHICH EUR
185.04 MILLION (88.78%) IN CORE LOCATIONS
    * 2020 OPERATING RESULT BEFORE RESULT ON PORTFOLIO AT EUR
8.91
MILLION VERSUS EUR 11.85 MILLION YEAR AGO
    * 2020 EPRA EARNINGS PER SHARE AMOUNT TO 0.91 EUR, A
DECREASE OF
29.37% VERSUS 2019
    * 2020 NET RENTAL INCOME AT EUR 11.1 MILLION VERSUS EUR 15.1
MILLION YEAR AGO
    * 2020 NET LOSS (GROUP SHARE) EUR -5.32 MILLION VERSUS LOSS
EUR
-20.48 MILLION IN 2019
    * EXPECTS DECLINE IN RECURRING RENTAL INCOME IN 2021
    * MAINTAINS MEDIUM-TERM DIVIDEND POLICY OF AT LEAST 0.80 EUR
PER
SHARE FOR 2021

Further company coverage:  QRF.BR 

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