Brief: Vastned Retail 9 Months Occupancy Rate Of Portfolio Increased To 97.6%
27/10/2021 16:42
Oct 27 (Reuters) - VASTNED RETAIL NV VASN.AS :
* TRADING UPDATE 9M 2021
* OCCUPANCY RATE OF THE PORTFOLIO INCREASED TO 97.6% AS AT
30
SEPTEMBER 2021 FROM 96.2% (30 JUNE 2021)
* 70 NEW LEASES WERE SIGNED IN 9M 2021, REPRESENTING RENTAL
INCOME
OF € 8.6 MILLION (COMPARED TO 21 IN 9M 2020)
* COLLECTION RATE INCREASED TO 94% IN 9M 2021 COMPARED WITH
90% IN
H1 2021
* STRATEGY EXECUTION ON TRACK WITH CONTINUED COST CONTROL,
DEVELOPING MORE MIXED-USE AND ADDING NEW NON-FASHION RETAIL
TENANTS SUCH AS MY COSMETIK, BOLIA AND SAMSUNG
* TIGHTENS THE FORECASTED RANGE OF DIRECT RESULT TO € 1.85
- €
1.90 PER SHARE FOR 2021, FROM THE PREVIOUS RANGE OF € 1.80 - €
1.90 PER SHARE PROVIDED WITH THE H1 RESULTS ANNOUNCEMENT
* 9M LIMITED RENT DECREASE OF 3.1% ON AVERAGE ON NEW LEASES
AND
LEASE RENEWALS
* EXPECTS TO ANNOUNCE A PROPOSAL FOR THE 2021 FULL YEAR
DIVIDEND
IN FEBRUARY 2022 ALONG WITH THE ANNUAL RESULTS FOR 2021
* NEED FOR WAIVERS HAS SIGNIFICANTLY DECREASED IN Q3 AND THE
TOTAL
WAIVERS PROVIDED DURING THIS QUARTER AMOUNTED TO € 0.3 MILLION
* FOR OUR 2021 OUTLOOK, WE ARE ASSUMING THERE WILL BE NO
MORE
NATIONWIDE LOCKDOWNS IN Q4 AND NO BANKRUPTCIES IN OUR PORTFOLIO
Further company coverage: VASN.AS
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 7696600))