Brief: Vastned Retail Belgium Q1 Net Loss Narrows To EUR 1.8 Mln

Vastned NV

04/05/2021 09:53

May 4 - Vastned Retail Belgium NV  VASTB.BR :
    * REPORTED ON MONDAY Q1 RENTAL INCOME EUR 4.2 MLN VS EUR 4.7
MLN
YR AGO
    * Q1 OPERATING LOSS EUR 1.6 MLN VS LOSS Of 1EUR 1.8 MLN YR
AGO
    * Q1 NET LOSS EUR 1.8 MLN VS EUR 2.1 MLN YR AGO
    * AT END OF APRIL 2021, COMPANY WAS ABLE TO COLLECT 84,8% OF
THE
APRIL RENTAL INCOME
    * OCCUPANCY RATE OF THE REAL ESTATE PORTFOLIO WAS 96.8% AS
AT 31
MARCH 2021, AN INCREASE OF 0.6% COMPARED TO 31 DEC 2020 (96.2%)
    * 36.7 MILLION EUROS OF UNUSED CREDIT FACILITIES AVAILABLE
    * MANAGEMENT FOCUS IN 2021 MAINLY ON TIMELY COLLECTION OF
RENTAL
INCOME AND MAINTAINING A STRONG OCCUPANCY RATE
    * AS WITH THE TWO PREVIOUS STORE CLOSINGS, COMPANY ENTERED
INTO
DIALOGUE WITH AFFECTED TENANTS
    * CONCLUDED 10 RENTAL AGREEMENTS IN Q1 REPRESENTING A TOTAL
RENTAL
VOLUME OF 1.0 MILLION EUROS, AROUND 5.6% OF ITS TOTAL RENTAL
INCOME
    * APPOINTMENT OF REINIER WALTA AS STRATEGIC CEO, SVEN BOSMAN
AS
EFFECTIVE LEADER WITHIN THE MEANING OF ARTICLE 14 SECTION3 OF
RREC ACT 2  

  
 Source text for Eikon:  ID:nGNE4qls2V 
    
 Further company coverage:  VASTB.BR  
   


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