Brief: VGP NV Expects Rental Income To Record Further Double-Digit Growth In 2023

VGP NV

23/02/2023 06:13

Feb 23 (Reuters) - VGP NV  VGP1.BR :
    * FY STRONG RENTAL ACTIVITY WITH EUR 73.4MILLION OF SIGNED
AND
RENEWED LEASES BRINGING ANNUALISED COMMITTED LEASES TO EUR 303.2
MILLION1, A 18.4% YOY INCREASE
    * FY OPERATING PROFIT OF EUR 177.5 MILLION BEFORE UNREALIZED
VALUATION LOSSES OF EUR 293 MILLION
    * FY COMMITTED ANNUALISED RENTAL INCOME EUR 303.2 MILLION
VERSUS
EUR 256.1 MILLION YEAR AGO
    * FOR 2023: WE REMAIN CONFIDENT TO DELIVER SOLID OPERATIONAL
PERFORMANCE AND FURTHER STRENGTHEN OUR CASH RECYCLING MODEL
    * OUTLOOK 2023: GIVEN ITS ANNUALIZED CONTRACTED RENTAL
INCOME OF
EUR 303 MILLION AND RECENT DELIVERIES OF 1.1 MILLION SQUARE
METERS TO LESSEES, NET RENTAL INCOME IS EXPECTED TO FURTHER
RECORD HIGH DOUBLE DIGIT GROWTH
    * PROPOSED DIVIDEND PER SHARE EUR 2.75

Source text for Eikon:  ID:nGNE7kh2yx 
Further company coverage:  VGP1.BR 
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