Brief: H1 Operating Result Up At Eur 93.96 Mln

Retail Estates NV

20/11/2023 06:10

Nov 20 (Reuters) - Retail Estates NV  RETE.BR :
    * 1 OCCUPANCY RATE AT 98.12%
    * EPRA EARNINGS OF THE FIRST HALF OF THE 2023-2024 FINANCIAL
YEAR
AT € 44.52 MILLION
    * H1 DEBT RATIO STABLE AT 44.54%. INTEREST HEDGING PROVIDES
PROTECTION AGAINST INCREASING INTEREST CHARGES
    * EXPECTED GROSS DIVIDEND OF € 5 PER SHARE IS MAINTAINED
    * H1 OPERATING RESULT EUR 93.96 MILLION VERSUS EUR 72.929
MILLION
YEAR AGO
    * H1 EPRA NTA (NET TANGIBLE ASSET) VALUE INCREASED TO €
74.35 PER
SHARE COMPARED TO € 73.78 ON 31 MARCH 2023
    * H1 NET RESULT GROUP SHARE EUR 86.985 MILLION VERSUS EUR
106.1
MILLION YEAR AGO
    * OUTLOOK: MACROECONOMIC UNCERTAINTIES DO NOT ALLOW
PREDICTIONS
ABOUT EVOLUTION OF FAIR VALUE OF REAL ESTATE NOR ABOUT
VARIATIONS IN FAIR VALUE OF INTEREST RATE HEDGING INSTRUMENTS
    * OUTLOOK: INTEREST HEDGING AGREEMENTS CONCLUDED MAKE IT
POSSIBLE
TO PASS ON INCREASE OF INTEREST CHARGES FOR A PERIOD OF
APPROXIMATELY 3 YEARS FOR CURRENT CREDIT PORTFOLIO

Source text: https://tinyurl.com/mswauxpb
Further company coverage:  RETE.BR 

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