Brief: Vastned Belgium End-Sept Operating Income Up At EUR 10 Mln

VastNed Retail NV

24/10/2022 17:12

Oct 24 (Reuters) - VASTNED BELGIUM NV  VASTB.BR :
    * END-SEPT OPERATING INCOME EUR 10.0 MILLION VERSUS PROFIT
EUR 2.5
MILLION YEAR AGO
    * REG-VASTNED BELGIUM: INTERIM STATEMENT FROM THE BOARD OF
DIRECTORS AS AT 30 SEPTEMBER 2022
    * ACHIEVES A POSITIVE NET RESULT OF € 11.9 MILLION AT
END-SEPT
    * INCREASE OF EXPECTED EPRA EARNINGS PER SHARE FOR 2022 TO
EUR
2.55 - EUR 2.60 (FROM EUR 2.45 - EUR 2.55) DESPITE UNCERTAIN
OUTLOOK
    * AS OF 30/09/2022 HIGHLY STABLE COLLECTION RATE (99.6%) OF
RENTAL
INCOME DURING FIRST NINE MONTHS OF 2022
    * HIGHLY STABLE COLLECTION RATE (99.6%) OF RENTAL INCOME
DURING
THE FIRST NINE MONTHS OF 2022
    * THE OCCUPANCY RATE OF THE REAL ESTATE PORTFOLIO AMOUNTED
TO
99.0% AS AT 30 SEPTEMBER 2022, A DECREASE OF -0.3% COMPARED TO
31 DECEMBER 2021
    * THE ASSET MANAGEMENT DEPARTMENT IS MAINTAINING CLOSE
CONTACT
WITH RETAILERS AND REAL ESTATE AGENTS FOR THE LETTING OF VACANT
UNITS.
    * RENTAL INCOME OF VASTNED BELGIUM AMOUNTED TO € 13.0
MILLION FOR
THE FIRST NINE MONTHS OF 2022, AN INCREASE OF € 0.5 MILLION
COMPARED TO THE SAME PERIOD OF THE PREVIOUS FINANCIAL YEAR
    * AS OF 30/09/2022, EUR 40.8 MILLION IN UNUSED CREDIT
FACILITIES
AVAILABLE
    * AS OF 30/09/2022, LOW DEBT RATIO OF 27.2% PROVIDES
SUFFICIENT
PROTECTION FOR SHAREHOLDERS IN CURRENT, VOLATILE, ECONOMIC
ENVIRONMENT
    * NET RESULT OF VASTNED BELGIUM FOR THE FIRST NINE MONTHS OF
2022
AMOUNTS TO € 11.9 MILLION

Source text for Eikon:  ID:nGNEc0TPGH 
Further company coverage:  VASTB.BR 
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