Brief: Varia Us Properties Q3 Net Operating Income Up At USD 13.4 Mln

Varia US Properties AG

10/11/2020 06:08

Nov 10 (Reuters) - VARIA US PROPERTIES AG  VARN.S :
    * OCCUPANCY RATE INCREASED AT 95.4% (94.3% IN Q3 2019)
    * Q3 INCREASE OF EFFECTIVE GROSS INCOME FROM USD 25.1
MILLION IN
Q3 2019 TO USD 27.6 MILLION (+10.2%)
    * Q3 RENTAL INCOME UP 9.9% TO USD 24.9 MILLION (USD 22.6
MILLION
IN Q3 2019)
    * Q3 NET OPERATING INCOME UP 12.4% TO USD 13.4 MILLION (USD
11.9
MILLION IN Q3 2019)
    * WE ARE CONFIDENT PROVIDING SOLID RESULTS FOR FULL YEAR
2020
    * EXPECTS RENT COLLECTIONS FOR Q4 2020 TO BE CONSISTENT WHAT
WAS
EXPERIENCED IN SECOND AND Q3 OF THIS YEAR

Source text for Eikon:  ID:nNDL39B6Cm 
Further company coverage:  VARN.S 

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