Brief: Vastned 9-Month Net Result Up At 1.8 Million Euros

VastNed Retail NV

25/10/2021 18:20

Oct 25 (Reuters) - VASTNED RETAIL NV  VASN.AS :
    * INTERIM STATEMENT BY THE BOARD OF DIRECTORS AS AT 30
SEPTEMBER
FOR THE THIRD QUARTER OF FINANCIAL YEAR 2021
    * OCCUPANCY RATE AT END OF Q3 OF 2021 (98.4%) INCREASED BY
2.2%
COMPARED TO 31 DECEMBER 2020
    * MANAGEMENT FOCUS IN 2021 MAINLY ON TIMELY COLLECTION OF
RENTAL
INCOME AND MAINTAINING A STRONG OCCUPANCY RATE
    * CONTINUES TO OPERATE ON A SOLID BASIS WITH A STABLE, LOW
DEBT
RATIO AND THE AVAILABILITY OF UNUSED CREDIT FACILITIES
    * OVER THE COMING MONTHS, COMPANY WILL CONTINUE TO LOOK FOR
NEW
INVESTMENT AND DIVESTMENT OPPORTUNITIES AND POSSIBLE
REDEVELOPMENT OF EXISTING PROPERTIES
    * EXPECTS FOR THE FINANCIAL YEAR 2021 TO REALISE EPRA
EARNINGS PER
SHARE BETWEEN € 2.45 AND € 2.50
    * WILL COMMUNICATE DURING THE PRESENTATION OF THE ANNUAL
RESULTS
FOR 2021 ABOUT THE DIVIDEND TO BE PAID
    * RENTAL INCOME € 12.5 MILLION FOR FIRST NINE MONTHS,
DECREASE  OF
€ -0.3 MILLION COMPARED TO SAME PERIOD LAST YEAR  (€ 12.8
MILLION)
    * NET RESULT FOR THE FIRST NINE MONTHS OF 2021 AMOUNTS TO €
1.8
MILLION (VERSUS LOSS OF € -8.0 MILLION YEAR AGO)
    * 9-MONTH OPERATING INCOME EUR 2.5 MILLION VERSUS LOSS EUR
7.0
MILLION YEAR AGO

Source text for Eikon:  ID:nGNE6jZ4VG 
Further company coverage:  VASN.AS 

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