Brief: Retail Estates Does Not Expect Coronavirus To Have Significant Impact On FY Results

Retail Estates NV

17/03/2020 15:52

March 17 (Reuters) - RETAIL ESTATES NV  RETE.BR :
    * THE ACCELERATED SPREAD OF COVID-19 ("CORONAVIRUS") HAS
COMPELLED
THE BELGIAN AND DUTCH AUTHORITIES TO TAKE MEASURES IN ORDER TO
LIMIT AND/OR SLOW DOWN THIS SPREAD BY INTERVENING IN THE PUBLIC
LIFE OF THEIR CITIZENS
    * DOES NOT EXPECT THESE EVENTS TO HAVE A SIGNIFICANT IMPACT
ON THE
RESULTS OF THE CURRENT FINANCIAL YEAR 2019-2020, WHICH ENDS ON
31 MARCH 2020
    * ON CORONAVIRUS:  MEASURES WILL PROBABLY HAVE A TEMPORARY
NEGATIVE INFLUENCE ON THE BUYING BEHAVIOUR OF OUR TENANTS’
CUSTOMERS
    * BELGIAN GOVERNMENT MEASURES AFFECT ABOUT 90% OF THE RETAIL
ACTIVITIES OPERATED IN THE BELGIAN RETAIL UNITS OF RETAIL
ESTATES
    * THANKS TO HEALTHY BALANCE SHEET AND OPERATIONAL RESULTS,
RETAIL
ESTATES MOREOVER HAS ACCESS TO SUFFICIENT UNUSED CREDIT
FACILITIES, SHOULD THE NEED ARISE
    * OWNS SMALL CATERING ESTABLISHMENTS IN A FEW RETAIL PARKS,
WHICH
ARE SEVERELY AFFECTED BY THESE MEASURES

Source text: https://bit.ly/2Udlmfr
Further company coverage:  RETE.BR 

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