Brief: Vastned Retail Belgium FY EPRA Earnings Of EUR 2.05/Shr

VastNed Retail NV

08/02/2021 17:18

Feb 8 (Reuters) - Vastned Retail NV  VASN.AS :
    * REG-VASTNED RETAIL BELGIUM: ANNUAL RESULTS 2020
    * EPRA EARNINGS OF € 2.44 PER SHARE FOR FINANCIAL YEAR 2020
    * GROSS DIVIDEND PROPOSAL OF € 2.05 PER SHARE FOR THE
FINANCIAL
YEAR 2020
    * FAIR VALUE OF EXISTING REAL ESTATE PORTFOLIO DECREASED BY
€ 22.2
MILLION OR 6.3% IN 2020
    * OCCUPANCY RATE OF THE REAL ESTATE PORTFOLIO WAS 96.2% AS
AT 31
DECEMBER 2020
    * WE ARE CURRENTLY UNABLE TO PROVIDE ANY EXPECTATIONS
REGARDING
THE EPRA EARNINGS FOR 2021
    * FY OPERATING LOSS EUR  7.2 MILLION VERSUS PROFIT EUR 6.4
MILLION
YEAR AGO
    * FY NET RESULT LOSS EUR 8.5 MILLION VERSUS PROFIT EUR 4.3
MILLION
YEAR AGO
    * FY RENTAL INCOME EUR  16.7 MILLION VERSUS EUR 19.2 MILLION
YEAR
AGO
    * IN 2021, RENTAL PRICES WILL CONTINUE TO BE UNDER PRESSURE
    * IN 2021, EFFORTS WILL BE MADE TO DIVEST RETAIL PROPERTIES
OF A
LOWER QUALITY
    * CURRENTLY UNABLE TO PROVIDE ANY EXPECTATIONS REGARDING THE
EPRA
EARNINGS FOR 2021

Source text for Eikon:  ID:nGNE7PtrPZ 
Further company coverage:  VASN.AS 

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