Brief: Vastned Retail Belgium Q1 Net Result Turns To Loss Of 4.7 Million Euros
02/05/2019 17:27
May 2 (Reuters) - VASTNED RETAIL BELGIUM NV VASTB.BR :
* OCCUPANCY RATE AS AT 31 MARCH 2019: 97% (98% AS AT 31
DECEMBER
2018)
* DECREASE IN THE FAIR VALUE OF THE EXISTING REAL ESTATE
PORTFOLIO
BY €7.8 MILLION1 IN THE FIRST QUARTER OF 2019,
* INCREASE OF THE EPRA EARNINGS IN THE FIRST QUARTER OF
2019 OF
2% TO €0.67 PER SHARE (€0.66 FOR THE FIRST QUARTER OF 2018).
* LIMITED DEBT RATIO OF 27% AS AT 31 MARCH 2019.
* MANAGEMENT FOCUS IN 2019 MAINLY ON MAINTAINING THE HIGH
OCCUPANCY RATE
* Q1 NET LOSS EUR 4.7 MILLION VERSUS PROFIT EUR 3.6 MILLION
YEAR
AGO
* Q1 OPERATING LOSS EUR 3.9 MILLION VERSUS PROFIT EUR 3.9
MILLION
YEAR AGO
* INTENDS TO PURSUE ITS STRATEGY FURTHER IN 2019 BY FOCUSING
MORE
EXPLICITLY ON PREMIUM-QUALITY RETAIL LOCATIONS AND RETAIL PARKS
* OUTLOOK 2019: LONG-TERM GOAL IS TO ENSURE THAT 75% OF ALL
INVESTMENTS ARE IN HIGH-QUALITY RETAIL PROPERTIES IN THE MOST
POPULAR CITIES
Source text for Eikon: ID:nGNE1Km1Hr
Further company coverage: VASTB.BR
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 772 09 20;))