Report
(Sponsored) NEPI Rockcastle - 2023 to remember
Distributable earnings per share (DEPS) stood at EUR 0.5698, up 9% YoY (above our EUR 0.51 estimate) or 17% if excluding a one-off positive impact on the reversal of provision for litigation in 2022. Portfolio value stood at EUR 6.8bn, up 3% YoY showing a positive value uplift of EUR 165m. EPRA NIY was up 14bps YoY to 6.94%. LTV landed at 32.2%, down 350bps YoY, remaining comfortably below the company's strategic upper threshold of 35%.Guidance 2024: DEPS are expected to increase 4% YoY to EUR 0.5698. Dividend pay out set at 90%.We will review our estimates to account for
Underlying
NEPI ROCKCASTLE N.V.
Provider
Degroof Petercam
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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