Brief: Retail Estates Q1 Net Rental Income Up 3.59% At Eur 29.56 Mln

Retail Estates NV

29/08/2022 06:05

Aug 29 (Reuters) - Retail Estates NV  RETE.BR :
    * NET RENTAL INCOME AMOUNTS TO € 29.56 MILLION IN Q1, AN
INCREASE
BY 3.59% YOY
    * MACROECONOMIC UNCERTAINTIES DO NOT ALLOW PREDICTIONS ABOUT
THE
EVOLUTION OF THE FAIR VALUE OF INVESTMENT PROPERTIES NOR ABOUT
THE CHANGES IN THE FAIR VALUE OF INTEREST RATE HEDGING
INSTRUMENTS
    * FAIR VALUE OF THE REAL ESTATE PORTFOLIO (INCLUDING
NON-CURRENT
ASSETS UNDER CONSTRUCTION) AMOUNTS TO € 1,781 MILLION ON 30 JUNE
2022
    * EXPECTED DIVIDEND IS MAINTAINED AT € 4.70 GROSS PER SHARE
    * ON 30 JUNE 2022 THE EPRA EARNINGS EVOLVED TO € 18.59
MILLION
COMPARED TO € 18.54 MILLION IN THE COMPARABLE PERIOD IN THE
2021-2022 FINANCIAL YEAR
    * OCCUPANCY RATE OF ENTIRE PORTFOLIO WAS 97.64% ON 30 JUNE
2022,
COMPARED TO 97.83% ON 31 MARCH 2022
    * ON 30 JUNE 2022 THE NET RESULT AMOUNTS TO € 60.07 MILLION
AND
TAKES INTO ACCOUNT THE EPRA EARNINGS (€ 18.59 MILLION)
    * DEBT RATIO IS 45.43% ON 30 JUNE 2022, COMPARED TO 49.15%
ON 31
MARCH 2022.

Source https://bit.ly/3QVLo39
Further company coverage:  RETE.BR 

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