Brief: Retail Estates H1 operating result falls to 32.2 million euros

Retail Estates NV

20/11/2017 16:40

Nov 20 (Reuters) - RETAIL ESTATES NV  RETE.BR : 
    * H1 EPRA RESULT INCREASES BY 18.6 PERCENT TO EUR 22.0 MILLION 
    * OCCUPANCY RATE AT SEPT 30 WAS 98.2 PERCENT VERSUS 98.1 PERCENT AT MARCH 31 
    * FAIR VALUE OF REAL ESTATE PORTFOLIO AT SEPT 30 AT EUR 1.15 BILLION VERSUS EUR 1.07 BILLION 
AT 
MARCH 31 
    * PROPOSED DIVIDEND OF EUR 3.40 CONFIRMED 
    * H1 RENTAL INCOME EUR 36.2 MILLION VERSUS EUR 32.5 MILLION YEAR AGO 
    * MACROECONOMIC UNCERTAINTIES DO NOT ALLOW PREDICTIONS ABOUT EVOLUTION OF FAIR VALUE OF 
IMMOVABLE 
PROPERTIES 
    * H1 OPERATING RESULT EUR 32.2 MILLION VERSUS EUR 33.6 MILLION YEAR AGO 
    * H1 NET RESULT EUR 23.6 MILLION VERSUS EUR 19.4 MILLION YEAR AGO 
    * MACROECONOMIC UNCERTAINTIES DO NOT ALLOW PREDICTIONS ABOUT CHANGES IN FAIR VALUE OF 
INTEREST 
RATE HEDGING INSTRUMENTS 
 
 
Further company coverage:  RETE.BR  
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))