Brief: Retail Estates H1 Net Rental Income Up At EUR 57.38 Mln

Retail Estates NV

22/11/2021 11:22

Nov 22 (Reuters) - RETAIL ESTATES NV  RETE.BR :
    * CONFIRMED FULL RECOVERY TO PRE-CORONA LEVEL
    * H1 NET RENTAL INCOME EUR 57.38 MLN, UP 15.18% VS YR AGO
    * END-SEPT OCCUPANCY RATE 97.61% VS 97.07% END-MARCH
    * END-SEPT FAIR VALUE OF REAL ESTATE PORTFOLIO EUR 1,725.16
MLN,
AN INCREASE OF EUR 7.91 MLN VS END-MARCH
    * H1 NET RESULT GROUP SHARE EUR 44.22 MLN
    * END-SEPT DEBT RATIO 52.93% VS 52.18% END-MARCH
    * END-SEPT EPRA NET TANGIBLE ASSET VALUE (NTA) PER SHARE EUR
64.19
VS EUR 65.53 END-MARCH
    * DIVIDEND FORECAST OF EUR 4.60 GROSS PER SHARE (EUR 3.22
NET PER
SHARE) IS MAINTAINED
    * MACRO-ECONOMIC UNCERTAINTIES DO NOT ALLOW PREDICTIONS
ABOUT
EVOLUTION OF FAIR VALUE OF REAL ESTATE NOR ABOUT VARIATIONS IN
FAIR VALUE OF INTEREST RATE HEDGING INSTRUMENTS
    * EVOLUTION OF INTRINSIC VALUE OF SHARES IS UNCERTAIN    

    
 Source text for Eikon:  ID:nNDL2bv0lz 
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