Vastned - In-line results and asset disposals to restore the balance sheet
Net rental income landed at EUR 30.8m in H1 2023, up 6.9% YoY and +7.4% on a LfL basis, driven by a strong indexation.Occupancy is slightly down to 98.2%, stable at a high level (98.6% in end 2022).Direct result H1 2023 of EUR 0.95 per share down -3.1% YoY.Portfolio valuation slightly decreased by 1.8% compared with 31 December 2022.The management announced the decision to launch to divest specific parts of the portfolio.VastNed Retail is a property investment company with variable capital, which makes long-term investments in individual retail properties, shopping centers and retail warehouses, primarily in the eurozone. Co. invests in individual retail trade properties at locations in The Netherlands, Spain, France, Belgium and Turkey. VastNed Offices/Industries N.V., specializes in offices, logistics centers and industrial premises at locations in The Netherlands, Belgium and northern France.
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.