Nextensa - Q3 2023 - Operationally still going strong
Nextensa released their Q3 2023 results yesterday evening, here are some key takeaways:Rental income lands at EUR 52.6m, +2% YoY (+9% LfL) despite multiple disposals since 2022.Investment portfolio valuation is stable compared to H1. Appraisal yield is slightly up +6bps to 5.75% (vs. H1 2023). IFRS NAV EUR 83.5 per share.Leverage stands at 44.85% (+75bps since H1 2023)Net results per share comes in at EUR 2.18 per share.We remain ‘Under Review' on Nextensa for the time being.More details in our Note issued 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.
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.
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