Brief: Vastned FY Direct Result Down At 1.85 Per Share

VastNed Retail NV

11/02/2021 06:48

Feb 11 (Reuters) - Vastned Retail NV  VASN.AS :
    * LOAN-TO-VALUE RATIO 43.0% AS AT 31 DECEMBER 2020, WITHIN
35%-45%
RANGE
    * 2020 LIKE-FOR-LIKE GROSS RENTAL GROWTH WAS 0.4%, CORRECTED
FOR
RENT WAIVERS DUE TO COVID-19
    * DECREASE IN DIRECT RESULT 2020 VERSUS 2019 CAUSED BY
IMPACT OF
COVID-19
    * DIRECT RESULT FY 2020 € 1.85 PER SHARE VERSUS € 2.03 PER
SHARE
IN FY 2019
    * VASTNED DOES NOT ISSUE ANY OUTLOOK FOR THE DIRECT RESULT
FOR
2021 AT THIS TIME
    * IN 2021 OUR FOCUS WILL REMAIN ON MAINTAINING THE HIGH
OCCUPANCY
RATE OF THE PROPERTY PORTFOLIO-INTERIM CEO
    * RELATIVELY LIMITED 5.2% DECREASE IN VALUE OF PROPERTY
PORTFOLIO
OVER 2020 UNDER VERY CHALLENGING ECONOMIC CONDITIONS
    * DIVIDEND PROPOSAL FOR FY 2020 € 1.73 PER SHARE, TO BE PAID
OUT
IN FULL ON 6 MAY 2021
    * GOOD LIQUIDITY POSITION; VASTNED REMAINS WELL WITHIN BANK
COVENANTS

Source text for Eikon:  ID:nNDLrj6Yx 
Further company coverage:  VASN.AS 

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