Brief: Vastned Retail Belgium H1 Operating Loss Widens At 8.2 Million Euros

Vastned NV

28/07/2020 18:31

July 28 (Reuters) - VASTNED RETAIL NV  VASN.AS :
    * H1 NET LOSS EUR ‍8.9​ MLN VS LOSS OF EUR 1.6 MLN YEAR AGO
    * H1 OPERATING LOSS EUR ‍8.2​ MLN VS LOSS OF EUR 0.2 MLN
YEAR AGO
    * H1 RENTAL INCOME EUR ‍​8.7 MLN VS EUR 9.7 MLN YEAR AGO
    * STRONG LIQUIDITY POSITION AS AT 30 JUNE 2020, EUR 16 MLN
OF
UNUSED CREDIT FACILITIES AVAILABLE
    * LIMITED DEBT RATIO OF 31.6% AS AT 30 JUNE 2020
    * OCCUPANCY RATE INCREASED WITH 1.7% DURING Q2 TO 97.5%
COMPARED
TO 31 MARCH 2020
    * INTENDS TO PURSUE STRATEGY FURTHER IN 2020 BY FOCUSING
EXPLICITLY ON RETAIL PROPERTY IN MOST POPULAR SHOPPING STREETS 
    * NUMBER OF AVAILABLE RETAIL UNITS WILL RISE AND RENTS WILL
CONSEQUENTLY COME UNDER PRESSURE

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNEMWNJR
    
 Further company coverage:  VASN.AS  
   


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