Report
(Sponsored) NEPI Rockcastle - Strong H1 operations
Net operating income up 15% on a LfL basis.Distributable earnings stood at EUR 181.6m, up 30% YoY on the back of stricter cost control but partly offset by higher finance costs linked to additional interest on the EUR 200m new financing. Portfolio posted a EUR 104m FV uplift over H1 (+1.6%). The appraisers increased ERVs, supporting the strong performance of the assets. Assumptions on valuation yields were increased by 15-20bps on average by appraisers over the last 6 months. LTV stood at 33.4%, down 130bps vs March end, now comfortably below the company's 35% threshold.NEPI will distribute a EUR 0.2567
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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