Brief: Retail Estates Q1 Net Rental Income Down 16.75% At EUR 21.3 Mln

Retail Estates NV

04/09/2020 17:54

Sept 4 (Reuters) - Retail Estates NV  RETE.BR :
    * EPRA EARNINGS FOR THE FIRST QUARTER OF THE FINANCIAL YEAR
2020-2021 AMOUNTS TO EUR 12.45 MILLION
    * COVID IMPACT LIMITED TO LESS THAN 5% OF CONTRACTUAL ANNUAL
RENTS
    * FAIR VALUE OF THE REAL ESTATE PORTFOLIO TOTALS EUR
1,732.38
MILLION ON 30 JUNE 2020
    * OCCUPANCY RATE OF THE ENTIRE PORTFOLIO WAS 97.46% ON 30
JUNE
2020, COMPARED TO 97.92% ON 31 MARCH 2020
    * DEBT RATIO AMOUNTS TO 53.68% ON 30 JUNE 2020, COMPARED TO
53.10%
ON 31 MARCH 2020
    * THE EXPECTED DIVIDEND IS MAINTAINED AT EUR 4.40 GROSS PER
SHARE
    * NET RENTAL INCOME AMOUNTED TO EUR 21.34 MILLION IN THE
FIRST
QUARTER OF THE FINANCIAL YEAR, A DECREASE BY 16.75% VERSUS LAST
YEAR
    * MACROECONOMIC UNCERTAINTIES DO NOT ALLOW PREDICTIONS ABOUT
EVOLUTION OF FAIR VALUE OF INVESTMENT PROPERTIES NOR ABOUT
CHANGES IN FAIR VALUE OF INTEREST RATE HEDGING INSTRUMENTS
    * ON 30 JUNE 2020 NET RESULT AMOUNTED TO EUR 1.67 MILLION

Source text for Eikon:  ID:nNDL8v6YZJ 
Further company coverage:  RETE.BR 

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