Brief: Varia US Properties H1 EBITDA Up At USD 23.1 Million

Varia US Properties AG

27/08/2020 06:06

Aug 27 (Reuters) - VARIA US PROPERTIES AG  VARN.S :
    * H1 EFFECTIVE GROSS INCOME OF USD 54.6 MILLION (JUNE 30,
2019:
USD 47.1 MILLION; +16.0%)
    * H1 EBITDA OF USD 23.1 MILLION (JUNE 30, 2019: USD 19.4
MILLION;
+19.2%)
    * H1 FUNDS FROM OPERATIONS (FFO 2) OF USD 11.4 MILLION (JUNE
30,
2019: USD 8.8 MILLION; +29.5%)
    * IS WELL POSITIONED WITH ITS RESILIENT BUSINESS MODEL TO
WEATHER
THESE EXTRAORDINARY TIMES AND TO COVER ITS CURRENT FIXED
DIVIDEND POLICY
    * H1 INCREASE OF EBITDA MARGIN AT 42.3% (41.2% AT JUNE 30,
2019:
+1.2%)
    * PROJECTIONS FOR REMAINING OF YEAR ARE DIFFICULT TO MAKE

Source text for Eikon:  ID:nNDL6m88qZ 
Further company coverage:  VARN.S 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;;))