Brief: Selectirente FY Net Income Up At 8.8 Million Euros

Selectirente SA

19/02/2020 06:56

Feb 19 (Reuters) - Selectirente SA  SELER.PA :
    * 2019 TRIPLE EPRA NAV PER SHARE CAME TO € 89.52 COMPARED TO
€
88.81 AT THE END OF 2018 
    * WILL PROPOSE A DIVIDEND FOR THE 2019 FINANCIAL YEAR
AMOUNTING TO
€ 3.50 PER SHARE
    * FY RECURRING PROFIT AFTER TAX EUR 6.1 MILLION VERSUS EUR
4.6
MILLION YEAR AGO
    * 2020: EUR 57 MILLION OF INVESTMENTS ALREADY ENGAGED
    * FY NET INCOME EUR 8.8 MILLION VERSUS EUR 4.2 MILLION YEAR
AGO
    * FY CURRENT CASHFLOW EUR 10.3 MILLION UP +23,1 YOY
    * CAPITAL INCREASE OF € 217 MILLION CARRIED OUT SUCCESSFULLY
IN
DECEMBER 2019 ALLOWS THE COMPANY TO ENVISAGE AN AMBITIOUS
INVESTMENT PROGRAM AS PART OF THE STRATEGY PUT IN PLACE
PRIMARILY TARGETING QUALITY COMMERCIAL REAL ESTATE IN THE CITY
    * 2019 LOWER AVERAGE COST OF BANK DEBT AT 2.14% (VERSUS.
2.43% IN
2018)
    * END-DEC MORTGAGE BANK DEBT AMOUNTED TO € 134.0 MILLION

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

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