Brief: Vastned Belgium ups 2023 EPRA earnings outlook to EUR 2.75 - 2.80

VastNed Retail NV

23/10/2023 17:12

Oct 23 (Reuters) - Vastned Belgium  VASTB.BR :
    * END-SEPT RENTAL INCOME AT EUR 13.9 MILLION VERSUS EUR 12.9
MILLION YEAR AGO
    * EPRA EARNINGS OF € 2.10 PER SHARE FOR THE FIRST NINE (9)
MONTHS
OF 2023, COMPARED TO € 1.93 PER SHARE FOR THE SAME PERIOD
PREVIOUS FINANCIAL YEAR.
    * INCREASE OF THE EXPECTED EPRA EARNINGS PER SHARE FOR 2023
TO €
2.75 - € 2.80 (FROM € 2.65 - € 2.75)
    * HIGH OCCUPANCY RATE OF 99.3% UNDERLINES THE QUALITY OF THE
REAL
ESTATE PORTFOLIO
    * SLIGHT DECREASE (€ -0.7 MILLION OR -0.2%) IN THE FAIR
VALUE OF
THE REAL ESTATE PORTFOLIO1  COMPARED TO PREVIOUS FINANCIAL YEAR
    * DISCUSSIONS ABOUT THE EXTENSION OF THE EXISTING CREDIT
FACILITIES ARE CURRENTLY  ONGOING
    * WILL SEEK TO COMPLETE CREDIT FACILITIES DISCUSSIONS BEFORE
THE
END  OF THE FINANCIAL YEAR
    * RENTAL MARKET REMAINS VERY ACTIVE IN 2023 AND  TAKE-UP HAS
ATTAINED A HIGH LEVEL

    
    
    
 
 
Source text for Eikon:  ID:nGNE4JdCdF 
Further company coverage:  VASN.AS 

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