Brief: Retail Estates Net Rental Income Up At Eur 60.62 Mln

Retail Estates NV

21/11/2022 06:48

Nov 21 (Reuters) - Retail Estates NV  RETE.BR :
    * H1 PROPERTY COSTS AMOUNT TO EUR 5.62 MILLION VERSUS EUR
4.69
MILLION YEAR AGO
    * H1 EPRA EARNINGS FOR FY2022-2023 AMOUNTS TO EUR 39.06
MILLION
    * NET RESULT (GROUP SHARE) FOR FIRST HALF OF YEAR AMOUNTS TO
EUR
106.01 MILLION
    * NET RENTAL INCOME INCREASED FROM EUR 57.38 MILLION TO EUR
60.62
MILLION
    * ANNOUNCEMENT OF HALF-YEARLY RESULTS FOR THE 2022-2023
FINANCIAL
YEAR (CLOSED ON 30.09.2022)
    * FAIR VALUE OF REAL ESTATE PORTFOLIO AT EUR 1,817.16
MILLION ON
30 SEPTEMBER 2022, UP 3.25% FROM 31 MARCH 2022
    * STABLE OCCUPANCY RATE AT 97.37%
    * RENTAL INCOME FULLY INDEXED AND PAID
    * INTEREST RATE HEDGING INSTRUMENTS CONTROL INTEREST COSTS
    * DEBT RATIO ON 30 SEPTEMBER 2022 WAS 47.54% COMPARED TO
49.15% ON
31 MARCH 2022
    * DIVIDEND FORECAST OF € 4.70 GROSS PER SHARE (€ 3.29 NET
PER
SHARE) IS MAINTAINED
    * OUTLOOK: IT’S NOT POSSIBLE TO PREDICT FUTURE EVOLUTION DUE
TO
CURRENT VOLATILITY ON FINANCIAL MARKETS
    * OUTLOOK:  INTEREST HEDGING AGREEMENTS CONCLUDED MAKE IT
POSSIBLE
TO PASS ON INCREASE OF INTEREST CHARGES FOR PERIOD OF
APPROXIMATELY 4 YEARS FOR CURRENT CREDIT PORTFOLIO

Source text for Eikon:  ID:nNDL1l7HbB 
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