Brief: Selectirente FY Net IFRS Result Up At EUR 17.1 Mln

Selectirente SA

16/02/2022 18:39

Feb 16 (Reuters) - Selectirente SA  SELER.PA :
    * FY NET IFRS RESULT UP SIGNIFICANTLY TO EUR 17.1 MLN
(COMPARED TO
EUR 2.5 MLN IN 2020)
    * FY CURRENT CASH FLOW AT EUR 17.9 MLN (COMPARED TO EUR 13.1
MLN
IN 2020, +37%)
    * FY ACQUISITIONS: EUR 109.1 MLN, OF WHICH EUR 106.7 MLN IN
DIRECT
REAL ESTATE AND EUR 2.4 MILLION IN INDIRECT REAL ESTATE
    * 2021 AVERAGE FINANCIAL OCCUPANCY RATE OF 95.1%
    * 2021 RENT COLLECTION RATE OF 92% AT THE END OF 2021 (AND
95% TO
DATE)
    * DISPOSALS: EUR 17.6 MILLION GENERATING A DISTRIBUTABLE
CAPITAL
GAIN OF NEARLY EUR 14 MILLION
    * VALUE OF ASSETS: 510 MILLION EUR AT THE END OF 2021
(AGAINST 415
MILLION EUR AT THE END OF 2020)
    * CASH: €23.4M AT THE END OF 2021
    * FY AVERAGE COST OF DEBT: 1.68%
    * PROPOSED DIVIDEND OF €3.60/SHARE, I.E. AN INCREASE OF
10.8%
COMPARED TO THAT PAID IN 2021, SUBJECT TO THE APPROVAL OF THE
GENERAL MEETING OF SHAREHOLDERS OF JUNE 3, 2022
    * CONTINUED INVESTMENTS SINCE JANUARY 1, 2022 WITH
COMMITMENTS OF
MORE THAN EUR 27.5 MILLION TO DATE
    * AS OF THE DATE OF PUBLICATION OF THIS PRESS RELEASE,
SEVERAL
TRANSACTIONS FOR A TOTAL AMOUNT OF €27.5 MILLION HAVE BEEN
UNDERTAKEN SINCE THE START OF THE 2022 FINANCIAL YEAR

Source text for Eikon:  ID:nACT73277 
Further company coverage:  SELER.PA 

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