Brief: Wereldhave Q1 Net Rental Income Down At 12.5 Million Euros

Wereldhave Belgium NV

20/04/2020 17:30

April 20 (Reuters) - WERELDHAVE BELGIUM COMM VA  WEHB.BR :
    * FORECAST FOR NET RESULTS FROM CORE ACTIVITIES PER SHARE
WITHIN A
RANGE OF € 5.55 TO € 5.65 PER SHARE CAN NO LONGER BE CONSIDERED
AS RELEVANT INDICATION
    * TRADING UPDATE 31 MARCH 2020
    * Q1 NET RENTAL INCOME EUR 12.5 MILLION VERSUS EUR 15.0
MILLION
YEAR AGO
    * TOTAL VALUE OF INVESTMENT PROPERTIES PORTFOLIO OF EUR
958.9
MILLION (31 DECEMBER 2019: EUR 961.3 MILLION)
    * NET ASSET VALUE PER SHARE OF €88.76 AT 31 MARCH 2020 (31
DECEMBER 2019: €88.27)
    * NET RESULT FOR THE FIRST QUARTER OF THE FINANCIAL YEAR
DECREASED
FROM € 10.8 MILLION TO € 3.8 MILLION AS PER END-MARCH
    * SOLID BALANCE SHEET STRUCTURE, WITH DEBT RATIO OF 31.1% ON
31
MARCH 2020 (29.7% ON 31 DECEMBER 2019)
    * THE PROPOSED DIVIDEND OVER THE FINANCIAL YEAR 2019 WILL BE
RECONSIDERED IN THE PREPARATION OF THE FUTURE INVITATION FOR A
NEW GENERAL MEETING LATER THIS YEAR
    * NO FURTHER INDICATION CAN BE GIVEN REGARDING FORECAST OF
NET
RESULT FROM CORE ACTIVITIES PER SHARE

Source text: https://bit.ly/3anQAXl
Further company coverage:  WEHB.BR 

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