Nextensa - DPS cut subdues results
Rental income is up 5% YoY (EUR 70.5m), but up 12% LfL due to indexation, higher occupancy, and resumption of events at T&T.Total results per share stand at EUR 2.45 (vs. EUR 7.13 in 2022, and EUR 2.18 in Q3 2023). But adjusted for ‘one-offs', the picture is brighter.Nextensa proposes a DPS of EUR 1.50 for 2023 (vs EUR 2.60 in 2022).Our rating & target price are currently ‘Under Review' and we will come back with updated estimates.Nextensa holds an analyst meeting today at 11:00 CET.More details in our Note published this morningLeasinvest Real Estate is a real estate investment trust. Co. invests in retail buildings, offices and logistics buildings, in the Grand Duchy of Luxembourg and in Belgium. As of Dec 31 2013, Co.'s real estate portfolio is composed of 34 sites (including the assets held for sale & the development projects) with a total surface of 429,579 m2, of which 18 are located in Luxembourg and 16 in Belgium. Co. rents its properties to tenants across various business sectors, such as services, retail and wholesale, financial services, transport and distribution, government and non-profit, industry, medical and pharma, and ICT.
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