Brief: Retail Estates FY EPRA Result Per Share Up At 5.84 Euros

Retail Estates NV

23/05/2022 06:07

May 23 (Reuters) - Retail Estates NV  RETE.BR :
    * RESULTS OF THE POST COVID-19 FINANCIAL YEAR 2021-2022
EXCEED
THOSE OF THE PRE-COVID-19 FINANCIAL YEAR 2019-2020
    * FY EPRA RESULT PER SHARE IS € 5.84, REPRESENTING AN
INCREASE BY
4.27%
    * END-FY OCCUPANCY RATE BACK AT PRE-COVID-19 LEVEL (97.83%)
    * INCREASE OF THE DIVIDEND FOR THE 17TH CONSECUTIVE YEAR:
THE
PROPOSED DIVIDEND INCREASES FROM € 4.50 TO € 4.60
    * EXPECTATIONS FORECAST FOR THE CURRENT FINANCIAL YEAR
2022-2023
RAISED TO € 4.70
    * RENTAL INCOME INCREASED SIGNIFICANTLY TO € 115.58 MILLION
AS A
RESULT OF INVESTMENTS MADE DURING THE FINANCIAL YEAR 2020-2021
    * RETAIL ESTATES REGULARLY EXAMINES POSSIBILITY OF A PRIVATE
AND/OR PUBLIC BOND LOAN
    * ACQUISITIONS AND OWN DEVELOPMENTS IN THE FINANCIAL YEAR
2021-2022, LESS DIVESTMENTS, RESULTED IN AN INCREASE OF THE REAL
ESTATE PORTFOLIO BY € 43.83 MILLION
    * OPTS FOR A GROWTH MODEL WITH A DIRECT CONTRIBUTION OF
EARNINGS
PER SHARE. THIS CAN BE DONE BOTH  ON THE CAPITAL SIDE AND ON THE
DEBT FINANCING SIDE
    * NO MERGERS BY ACQUISITION OF SUBSIDIARIES HAVE TAKEN PLACE
IN
THE PAST FINANCIAL YEAR. FURTHERMORE, CV LEIDERDORP (NL) WAS
DISSOLVED
    * FOR THE 2022-2023 FINANCIAL YEAR, ON THE BASIS OF THE
PLANNED
COMPOSITION OF THE REAL ESTATE PORTFOLIO AND BARRING  UNFORESEEN
EVENTS, THE COMPANY EXPECTS THE NET RENTAL INCOME TO AMOUNT TO €
120.88 MILLION

Source text for Eikon:  ID:nNDL89LHHd 
Further company coverage:  RETE.BR 

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