Brief: Retail Estates Q3 Net Rental Income Up At 80.1 Million Euros

Retail Estates NV

14/02/2020 16:40

Feb 14 (Reuters) - RETAIL ESTATES NV  RETE.BR :
    * Q3 NET RENTAL INCOME OF EUR 80.10 MILLION
    * Q3 EPRA EARNINGS INCREASES BY 16.45% TO EUR 51.64 MILLION
(EUR
4.21 PER SHARE)
    * END-DEC FAIR VALUE OF REAL ESTATE PORTFOLIO TOTALS EUR
1,665.62
MILLION
    * DIVIDEND: 2019-2020 FORECAST EUR 4.40 GROSS CONFIRMED;
INTENTION
TO OFFER SHAREHOLDERS OPTIONAL STOCK DIVIDEND AT TIME OF PAYMENT
OF DIVIDEND
    * OCCUPANCY RATE OF PORTFOLIO WAS 97.98% ON DEC 31, 2019,
COMPARED
TO 97.97% ON SEPT 30, 2019
    * DEBT RATIO IS 51.07% ON DEC 31, 2019, COMPARED TO 52.58%
ON
MARCH 31, 2019
    * ENTERED INTO AGREEMENT WITH VIEW TO THE PURCHASE OF RETAIL
PARK
BELVEDERE (PHASE 1), CURRENTLY UNDER CONSTRUCTION IN MAASTRICHT
    * RETAIL PARK BELVEDERE INVESTMENT AMOUNTS TO EUR 10 MILLION
(EXCLUSIVE OF RECOVERABLE VAT) AND WILL GENERATE RENTAL INCOME
OF EUR 0.66 MILLION
    * RETAIL PROPERTIES EXPECTED TO BE COMPLETED BY JUNE 1, 2020
WITH
RENTAL AGREEMENTS OF 10 YEARS WITH OPTION OF 5-YEAR EXTENSION

Source text: https://bit.ly/37nMuwJ
Further company coverage:  RETE.BR 

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