Brief: Vastned Retail Belgium Q1 Net Loss Narrows To 2.1 Million Euros

VastNed Retail NV

04/05/2020 17:17

May 4 (Reuters) - VASTNED RETAIL NV  VASN.AS :
    * STRONG LIQUIDITY POSITION AS AT 31 MARCH 2020, EUR 29.3
MILLION
OF UNUSED CREDIT FACILITIES AVAILABLE
    * LIMITED DEBT RATIO OF 27.2% AS AT 31 MARCH 2020
    * OCCUPANCY RATE AS AT 31 MARCH 2020: 95.7% (98.8% AS AT 31
DECEMBER 2019)
    * DECREASE IN EPRA EARNINGS IN THE FIRST QUARTER OF 2020 TO
€0.40
PER SHARE (€0.67 FOR THE FIRST QUARTER OF 2019),
    * DECREASE IN FAIR VALUE OF EXISTING REAL ESTATE PORTFOLIO
OF EUR
4.0 MILLION IN Q1 OF 2020
    * THE NET RESULT OF VASTNED RETAIL BELGIUM FOR THE FIRST
QUARTER
OF 2020 AMOUNTED TO €-2.1 MILLION (€-4.76 MILLION)
    * THE RENTAL INCOME OF VASTNED RETAIL BELGIUM FOR THE FIRST
QUARTER OF 2020 AMOUNTED TO €4.7 MILLION (€4.9 MILLION)
    * OUTLOOK 2020:  RENTAL PAYMENTS WILL BE LATE, PARTIAL, OR
EVEN
NOT MADE AT ALL
    * Q1 OPERATING LOSS EUR 1.8 MILLION VERSUS LOSS OF EUR 3.9
MILLION
YEAR AGO

Source text for Eikon:  ID:nGNE1vQ7v 
Further company coverage:  VASN.AS 

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