Brief: Vastned Retail Expects 2020 Direct Result To Grow To Eur 2.05 - Eur 2.15 Per Share

VastNed Retail NV

11/02/2020 17:55

Feb 11 (Reuters) - Vastned Retail NV  VASN.AS :
    * DIVIDEND PROPOSAL FOR FY 2019 € 2.05 PER SHARE, UNCHANGED
FROM
FY 2018
    * OCCUPANCY RATE STRONGLY UP IN THE COURSE OF THE YEAR TO
98.0% AT
YEAR-END 2019
    * DIRECT RESULT 2020 EXPECTED TO GROW TO € 2.05 - € 2.15 PER
SHARE
DUE TO IMPROVED OCCUPANCY RATE
    * DIVIDEND PROPOSAL FOR FY 2019 € 2.05 PER SHARE, UNCHANGED
FROM
FY 2018
    * 2019 VALUE OF TOTAL PORTFOLIO VIRTUALLY UNCHANGED (-0.8%)
    * LIKE-FOR-LIKE GROSS RENTAL DECREASE OF 3.0%
    * GROSS RENTAL INCOME INCLUDING NON-RECURRING ITEMS WAS €
69.3
MILLION IN 2019 AGAINST € 77.1 MILLION IN 2018
    * 2019 NON-STRATEGIC ASSETS IN THE NETHERLANDS AND BELGIUM
SOLD
FOR € 12.1 MILLION
    * FY NET RENTAL INCOME OF EUR 63.0 MILLION VERSUS EUR 70.8
MILLION
YEAR AGO
    * DIRECT RESULT 2019 € 2.03 PER SHARE, IN LINE WITH FORECAST
    * CONFIDENT THAT THE QUALITY OF OUR PORTFOLIO WILL ENABLE US
TO
REALISE A STRONG DIRECT RESULT NEXT YEAR
    * EXPECT CAPEX LEVEL TO REMAIN LOW LIKE IT WAS IN PREVIOUS
YEARS-CEO
    * AS AT YEAR-END 2019 THE APPRAISAL VALUE OF THE TOTAL
PROPERTY
PORTFOLIO WAS € 1.6 BILLION

Source text : https://bit.ly/3bttIY1
Further company coverage:  VASN.AS 

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