Brief: Wereldhave Belgium FY Net Rental Income Down At 49.2 Million Euros

Wereldhave Belgium NV

10/02/2021 18:20

Feb 10 (Reuters) - WERELDHAVE BELGIUM NV  WEHB.BR :

    * EPRA OCCUPANCY RATE OF RETAIL PORTFOLIO AMOUNTS TO 94.4%
AS OF
31 DECEMBER 2020, COMPARED TO 96.3% AS OF 31 DECEMBER 2019
    * FY NET RENTAL INCOME EUR 49.2 MILLION VERSUS EUR 58.6
MILLION
YEAR AGO
    * FY NET RESULT FROM CORE ACTIVITIES PER SHARE EUR 4.65
(2019: EUR
5.92)
    * SUCCESSFUL REFINANCING OF EUR 145 MIO (IN ANTICIPATION OF
FINANCING MATURING IN 2021 FOR AN AMOUNT OF EUR 130 MIO)
    * FY NET ASSET VALUE PER SHARE BEFORE DIVIDEND PAYMENT
AMOUNTED TO
€ 78.20 (2019: € 88.27)
    * OPTIONAL DIVIDEND PROPOSAL EUR 4.00 GROSS - EUR 2.80 NET
(2019:
EUR 4.50 GROSS - EUR 3.15 NET)
    * DEBT RATIO AMOUNTED TO 29.99% AS OF 31 DECEMBER 2020, IN
LINE
WITH THE ONE AS OF 31 DECEMBER 2019 (29.33%)
    * FAIR VALUE OF PROPERTIES AVAILABLE FOR LEASE DECREASED
FROM €
948.7 MILLION ON 31 DECEMBER 2019 TO € 908.6 MILLION ON 31
DECEMBER 2020
    * CONSIDERS IT REMAINS DIFFICULT TO COMMUNICATE A FORMAL
OUTLOOK
OF NET RESULTS FROM CORE ACTIVITIES FOR THE FINANCIAL YEAR 2021
    * PREFERS TO ANNOUNCE AN INDICATION OF THIS EARNINGS OF €
4.50 PER
SHARE FOR THE FINANCIAL YEAR 2021

Source text for Eikon:  ID:nGNE6SRGCZ 
Further company coverage:  WEHB.BR 

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