Brief: Vastned Belgium FY Net Loss Turns To Profit Of Eur 4.1 Mln

VastNed Retail NV

07/02/2022 17:32

Feb 7 (Reuters) - VASTNED BELGIUM NV  VASTB.BR 
    * VASTNED BELGIUM: ANNUAL RESULTS 2021
    * STRONG OPERATIONAL RESULTS UNDER CHALLENGING MARKET
CONDITIONS
    * HIGH STABLE COLLECTION RATE (98.4%) OF RENTAL INCOME IN
2021
    * OCCUPANCY RATE (99.3%) INCREASED BY 3.1% COMPARED TO 31
DECEMBER
2020 (96.2%)
    * EPRA EARNINGS OF EUR 2.56 PER SHARE FOR FINANCIAL YEAR
2021
    * PROPOSED GROSS DIVIDEND OF EUR 2.20 PER SHARE FOR
FINANCIAL YEAR
2021 (PREVIOUS FINANCIAL YEAR: EUR 2.04 PER SHARE)
    * PROPOSED GROSS DIVIDEND CORRESPONDS TO A GROSS DIVIDEND
YIELD OF
7.6% BASED ON 31 DECEMBER 2021 CLOSING PRICE OF EUR 28.80 PER
SHARE
    * FURTHER DECREASE IN DEBT RATIO (-2.0%) COMPARED TO 31
DECEMBER
2020, BRINGING DEBT RATIO CURRENTLY TO 26.5%
    * EUR 42.7 MILLION OF UNUSED CREDIT FACILITIES AVAILABLE
    * DECREASE IN FAIR VALUE OF EXISTING REAL ESTATE PORTFOLIO
(-3.0%)
COMPARED TO PREVIOUS FINANCIAL YEAR
    * FY RENTAL INCOME EUR 16.7 MILLION VERSUS 16.7 MILLION YEAR
AGO
    * FY OPERATING RESULT EUR 4.9 MILLION VERSUS LOSS EUR 7.2
MILLION
YEAR AGO
    * FY NET RESULT EUR 4.1 MILLION VERSUS LOSS EUR 8.5 MILLION
YEAR
AGO

Source text for Eikon:  ID:nGNE4zSR9r 
Further company coverage: [ VASTB.BR ]

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