Brief: Vitura 9-Month IFRS Rental Income Down At EUR 40.2 Mln

Vitura SA

17/11/2022 07:04

Nov 17 (Reuters) - VITURA SA  CGR.PA :
    * VITURA: THIRD-QUARTER 2022 FINANCIAL INFORMATION
    * EUR 40.2 MILLION IN IFRS RENTAL INCOME IN THIRD-QUARTER
2022
    * 16,000 SQ.M LET SINCE BEGINNING OF YEAR, INCLUDING 4,000
SQ.M IN
Q3
    * MAJOR PROPERTY RENOVATIONS CONTINUE
    * IN FIRST NINE MONTHS OF 2022, VITURA RECORDED IFRS RENTAL
INCOME
OF EUR 40.2 MILLION, COMPARED WITH EUR 42.7 MILLION IN
PRIOR-YEAR PERIOD
    * RECORDED A STRONG OPERATING PERFORMANCE, WITH MORE THAN
16,000
SQ.M LET SINCE BEGINNING OF YEAR
    * PORTFOLIO'S OCCUPANCY RATE STOOD AT 76.5% AT SEPTEMBER 30,
2022
    * IN Q3, VITURA CONTINUED MAJOR RENOVATION WORK ON ITS
PROPERTIES
    * CONSOLIDATED DEBT STOOD AT EUR 829 MILLION AT SEPTEMBER
30,
2022, REPRESENTING A LOAN-TO-VALUE RATIO OF 52%, BASED ON
PORTFOLIO VALUE AT JUNE 30, 2022
    * HAS REFINANCED AND NEGOTIATED EXTENSIONS TO EXISTING
CREDIT
LINES WITH MAJOR GLOBAL BANKS, EXTENDING AVERAGE MATURITY OF ITS
DEBT TO FOUR YEARS
    * AT SEPTEMBER 30, 2022, ALL OF GROUP'S DEBT WAS HEDGED
    * VITURA'S EFFORTS AND COMMITMENTS TO ACHIEVE CARBON
NEUTRALITY BY
2050 CONTINUES APACE, IN PARTICULAR WITH ROLLOUT OF AN ENERGY
EFFICIENCY PLAN FOR EACH PROPERTY IN PORTFOLIO

Source text for Eikon:  ID:nBw53HCdJa 
Further company coverage:  CGR.PA 
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