VASTB Vastned Retail Belgium NV

Vastned Retail Belgium: Annual results 2019

Vastned Retail Belgium: Annual results 2019

STRONG OPERATING RESULTS AND A HIGH OCCUPANCY RATE

Increase in EPRA earnings in financial year 2019 to €2.90 per share (€2.85 for financial year 2018), mainly the result of lower than expected maintenance costs.

Divestment of an inner-city retail property in Liege and a retail park in Ans as part of a further implementation of the strategy with a clear focus on high-quality retail properties.

Realisation of 26 rental transactions representing approximately 23% of the total annual rental income.

Occupancy rate has increased more than 1% during the fourth quarter to 98.8% compared to 30 September 2019 (98.0% as at 31 December 2018).

Decrease by approximately 2.7% in the fair value of the existing real estate portfolio in financial year 2019, mainly the result of a further decrease in the estimated rental values.

Gross dividend proposal of €2.90 per share for financial year 2019 (€2.85 for financial year 2018). Gross dividend yield of 6.5% based on the closing share price on 31 December 2019, i.e. €44.70.

Extension of the duration of the revolving credit facilities by 1 year to 2024 under the same conditions and subsequent extension of the duration of 3 financial instruments by 2 years until 2024 under more favourable conditions.

Limited debt ratio of 27.9% as at 31 December 2019.



Full press release:

Attachment

EN
06/02/2020

Underlying

VASTBVastned Retail Belgium NV

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Ahmed Ben Salem ... (+3)
  • Ahmed Ben Salem
  • Bruno Cavalier
  • Steven Boumans
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MT ARCELORMITTAL SA
GALP GALP ENERGIA SGPS SA CLASS B
APAML APERAM SA
MC LVMH MOET HENNESSY LOUIS VUITTON SE
LI KLEPIERRE SA
COV COVIVIO SA
OUT1V OUTOKUMPU OYJ
GFC GECINA SA
SSAB A SSAB AB CLASS A
NXI NEXITY SA CLASS A
UHR SWATCH GROUP LTD. BEARER
RMS HERMES INTERNATIONAL SCA
FLY SOCIETE FONCIERE LYONNAISE SA
GYC GRAND CITY PROPERTIES SA
TNG TRANSGENE SA
MERY MERCIALYS SA
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SZG SALZGITTER AG
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Ahmed Ben Salem ... (+3)
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FP TOTAL SE
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MT ARCELORMITTAL SA
GALP GALP ENERGIA SGPS SA CLASS B
APAML APERAM SA
MC LVMH MOET HENNESSY LOUIS VUITTON SE
LI KLEPIERRE SA
COV COVIVIO SA
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NXI NEXITY SA CLASS A
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BLND BRITISH LAND COMPANY PLC
BRBY BURBERRY GROUP PLC
KOF KAUFMAN & BROAD SA
JCQ JACQUET METALS SA
KER KERING SA
ALTA ALTAREA SCA
VNA VONOVIA SE
VOE VOESTALPINE AG
ACX ACERINOX SA
ENI ENI S.P.A.
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BAS BASF SE
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BYG BIG YELLOW GROUP PLC
COFB COFINIMMO SA
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TEG TAG IMMOBILIEN AG
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PSPN PSP SWISS PROPERTY AG
UBS UBM DEVELOPMENT AG
SPSN SWISS PRIME SITE AG
PAT PATRIZIA AG
MONT MONTEA SCA
AED AEDIFICA SA
CARM CARMILA SAS
LEG LEG IMMOBILIEN AG
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CPINV CARE PROPERTY INVEST SA
SAFE SAFESTORE HOLDINGS PLC
ARG ARGAN SA
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CFR COMPAGNIE FINANCIERE RICHEMONT SA
COL INMOBILIARIA COLONIAL SOCIMI SA
DIC DIC ASSET AG
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GYC GRAND CITY PROPERTIES SA
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AED AEDIFICA SA
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SAFE SAFESTORE HOLDINGS PLC
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DIC DIC ASSET AG
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DKG DEUTSCHE KONSUM REIT-AG
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AT1 AROUNDTOWN SA
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MVC METROVACESA SA
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ULA UNIBAIL-RODAMCO-WESTFIELD SE STAPLED SECS CONS OF 1 SH UNIBAIL RODAMCO + 1 SH WFD UNIB ROD
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