Brief: Vastned Confirms Dividend Policy

VastNed Retail NV

11/02/2021 06:29

Feb 11 (Reuters) - VASTNED RETAIL NV  VASN.AS :
    * REINIER WALTA NOMINATED AS NEW CEO
    * DIVIDEND POLICY UNCHANGED: AT LEAST 75% OF DIRECT RESULT
TO BE
PAID OUT AS DIVIDEND
    * TARGETS A 10% SAVING ON NORMALISED GENERAL EXPENSES IN
2021
COMPARED TO 2020
    * LONG-TERM TARGET FOR THE LOAN-TO-VALUE RATIO HAS BEEN
LOWERED
FROM 35%-45% TO A MAXIMUM OF 40%
    * NORMALISED GENERAL COSTS DECREASED BY 6% IN 2020 COMPARED
TO
2019
    * AIM IS TO REDUCE THE RENTAL INCOME FROM FASHION IN THE
PORTFOLIO
TO 30% IN THE MEDIUM TERM (48% AS AT YEAR-END 2020).

Source text: https://bit.ly/2OtRXOX
Further company coverage:  VASN.AS 

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