Intervest O&W - 9M trading update
EPRA EPS stood at EUR 1.07, down 20.1% YoY, on the back of higher interest and property charges as well as higher number of shares. Organic rental growth stood at 17% (excl. severance payment), split between development projects contribution (10%) and indexation (7%).Portfolio saw a EUR 11m positive portfolio revaluation, primarily driven by the Belgian logistics portfolio (+EUR 34m) and partly offset by the negative revaluation on the offices portfolio (-EUR 21m).Debt ratio stood at 49.4%, down 60bps vs June end. Average cost of debt increased 10bps to 3%. Hedging incresed to 86% (84% at June end).On 17 October, aIntervest Offices & Warehouses is a Belgian property investment fund. Co. specializes in investments in office buildings and semi-industrial properties situated on locations outside municipal centres. Co.'s business properties are located on the Antwerp-Brussels axis. Its activities can be divided into two business segments: Offices segment which includes the properties that are let to companies for professional purposes as office space; and Semi-industrial buildings segment which includes those premises with a logistical function, storage facilities and high-tech buildings. At Dec 31 2010, Co.'s portfolio consists of 69% in offices buildings and 31% in semi-industrial buildings.
We are an investment house with Belgian roots founded on more than 150 years of trust.
As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.