Brief: Vastned Retail 2017 Direct Result At EUR 2.22 Per Share

VastNed Retail NV

14/02/2018 17:31

Feb 14 (Reuters) - VASTNED RETAIL NV  VASN.AS : 
    * 2017 OCCUPANCY RATE OF TOTAL PORTFOLIO UP TO 98.1% (CORE 
CITY 
ASSETS: 99.6%) 
    * FY LIKE-FOR-LIKE GROSS RENTAL GROWTH OF 1.3% FOR THE FULL 
PORTFOLIO 
    * SEES EXPECTED 2018 DIRECT RESULT:  2.10 -  2.20 PER 
SHARE 
    * VASTNED INTENDS TO MAKE TAKEOVER BID OF  57.50 PER SHARE 
FOR 
ALL VASTNED RETAIL BELGIUM SHARES IT DOES NOT YET HOLD 
    * PORTFOLIO SHRANK IN 2018 COMPARED TO 2017 
    * OCCUPANCY RATE FOR THE TOTAL PORTFOLIO TO 98.1% AT 
YEAR-END 2017 
    * FY 2017 LOAN-TO-VALUE RATIO AT 38.8% 
    * PORTFOLIO SHRINK WILL HAVE A NEGATIVE EFFECT ON THE GROSS 
RENTAL 
INCOME IN 2018 
    * GROSS RENTAL INCOME WAS  77.5 MILLION IN 2017 COMPARED TO 
 
81.3 MILLION IN 2016 
    * 2017 DIRECT RESULT HIGHER THAN EXPECTED AT  2.22 PER 
SHARE 
    * DECLARED A DIVIDEND FOR THE 2016 FINANCIAL YEAR OF  2.05 
PER 
SHARE 
    * WILL PROPOSE TO DECLARE A DIVIDEND FOR THE 2017 FINANCIAL 
YEAR 
OF  2.05 PER SHARE 
 
Source text for Eikon:  ID:nNDL9WYkmN  
Further company coverage:  VASN.AS  
 
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