Brief: Retail Estates Q3 Net Rental Income At 75.87 Million Euros

Retail Estates NV

22/02/2021 11:03

Feb 22 (Reuters) - RETAIL ESTATES NV  RETE.BR :
    * Q3 NET RENTAL INCOME OF EUR 75.87 MILLION
    * DIVIDEND: PROGNOSIS OF EUR 4.40 GROSS DIVIDEND CONFIRMED
    * EPRA EARNINGS FOR Q3 OF FINANCIAL YEAR 2020-2021 AMOUNT TO
EUR
47.91 MILLION (EUR 3.79 PER SHARE)
    * FAIR VALUE OF REAL ESTATE PORTFOLIO TOTALS EUR 1,730.68
MILLION
ON 31 DECEMBER 2020
    * ARBITRATION WITHIN REAL ESTATE PORTFOLIO FREES UP
RESOURCES FOR
CURRENT INVESTMENTS
    * IT IS EXPECTED THAT THE UNCERTAINTIES EXPERIENCED BY
CONSUMERS
WHEN SHOPPING WILL CONTINUE TO BENEFIT THE PERIPHERAL RETAIL
LOCATIONS UNTIL AT LEAST THE END OF 2021
    * OCCUPANCY RATE OF THE PORTFOLIO WAS 96.29% ON 31 DECEMBER
2020,
COMPARED TO 97.98% ON 31 DECEMBER 2019
    * MACROECONOMIC UNCERTAINTIES AND THE FURTHER EVOLUTION OF
THE
CORONA PANDEMIC DO NOT ALLOW PREDICTIONS ABOUT THE EVOLUTION OF
THE FAIR VALUE OF INVESTMENT PROPERTIES
    * DEBT RATIO IS 52.93% ON 31 DECEMBER 2020, COMPARED TO
53.10% ON
31 MARCH 2020

Source text for Eikon:  ID:nNDL3SKjD8 
Further company coverage:  RETE.BR 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))