Vastned - In-Line results but uncertainty remains on the strategic reorientation
Net rental income landed at EUR 72.1m, up +8.6% on an LfL basis, driven by a strong indexation.Occupancy is up to 99.0%, stable at a high level (98.6% at the end of 2022).Direct result per share stands at EUR 2.01, down 2% YoY, in line with the guidance (between EUR 1.95-2.05).The dividend proposal is stable compared to 2022 at EUR 1.85 per share, reflecting a 92% pay-out ratio.EPRA NTA per share emerged at EUR 38.82 vs. EUR 41.43 at the end of 2022, down -6.3% over 12 months.Given the ongoing transition, Vastned does not provide any guidance for 2024. We sustainVastNed Retail is a property investment company with variable capital, which makes long-term investments in individual retail properties, shopping centers and retail warehouses, primarily in the eurozone. Co. invests in individual retail trade properties at locations in The Netherlands, Spain, France, Belgium and Turkey. VastNed Offices/Industries N.V., specializes in offices, logistics centers and industrial premises at locations in The Netherlands, Belgium and northern France.
We are an investment house with Belgian roots founded on more than 150 years of trust.
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