Brief: Vastned Retail Belgium End-Sept Operating Profit Turns To Loss Of 7.0 Million Euros

VastNed Retail NV

22/10/2020 18:22

Oct 22 (Reuters) - VASTNED RETAIL NV  VASN.AS :
    * OCCUPANCY RATE DURING Q3 (97.3%) REMAINED STABLE COMPARED
TO 30
JUNE 2020
    * END-SEPT FURTHER DECREASE IN DEBT RATIO (-0.7%) VERSUS H1
2020,
WHICH MEANS THAT DEBT RATIO IS NOW 30.9%
    * EXPECTED EPRA EARNINGS OF EUR 2.35 - EUR 2.45 PER SHARE
FOR
FINANCIAL YEAR 2020
    * Q3 LIMITED DECREASE IN FAIR VALUE OF EXISTING REAL ESTATE
PORTFOLIO (-0.7%) VERSUS H1 2020
    * Q3 FINAL AGREEMENTS WERE CONCLUDED WITH OVER 95% OF
LESSEES
AFFECTED BY LOCKDOWN
    * END-SEPT RENTAL INCOME EUR 12.8 MLN VS EUR 14.5 MLN YR AGO
    * END-SEPT OPERATING LOSS OF EUR 7.0 MLN VS PROFIT OF EUR
3.5 MLN
YR AGO
    * END-SEPT NET LOSS OF EUR 8.0 MLN VS PROFIT OF EUR 1.5 MLN
YR AGO

    
    
Source text for Eikon:  ID:nGNEb63g8H 
Further company coverage:  VASN.AS 

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