Brief: VGP End-April New And Released Leases At 31.9 Mln Euros

VGP NV

10/05/2024 06:17

May 10 (Reuters) - VGP NV  VGP1.BR :
    * TRADING UPDATE FOR FIRST FOUR MONTHS OF 2024
    * END-APRIL EUR 31.9 MLN OF NEW AND RENEWED LEASES SIGNED
YEAR-TO-DATE 
    * END-APRIL TOTAL SECURED DEVELOPMENT LAND BANK STANDS AT
8.4 MLN
SQUARE METERS
    * COMPLETED PROPERTY PORTFOLIO OCCUPANCY AT 99% AS OF 30
APRIL
2024
    * SHAREHOLDERS WILL VOTE ON A DIVIDEND PAY-OUT OF EUR 101
MLN, OR
EUR 3.70 PER SHARE
    * END-APRIL 33 PROJECTS UNDER CONSTRUCTION, 4 DELIVERED
    * ENHANCED LIQUIDITY BY EUR 797 MLN
    * OUTLOOK: EXPECTS TO REACH ITS DEVELOPMENT TARGET FOR 2024
AND
INCREASE ITS CONTRACTED ANNUALIZED RENTAL INCOME SIGNIFICANTLY
    * OUTLOOK: WITHIN ’24 VGP  ALSO EXPECTS TO ACQUIRE ALSO A
NUMBER
OF ATTRACTIVE LAND PLOTS ACROSS WESTERN AND EASTERN EUROPE
    * OUTLOOK: SET TO RECYCLE ADDITIONAL PROCEEDS WITH THE THIRD
AND
FINAL CLOSING WITH DEKA IN H2 ’24 ON  TOP OF THE ALREADY € 797
MLN RECYCLED TO DATE

Source text for Workspace:  ID:nGNE6Cm3xT 
Further company coverage:  VGP1.BR 

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