Wereldhave - Strong 1H results enhanced by nice portfolio valuation
Rental income emerged at EUR 76.6m, up +10.6% YoY. Direct results landed at EUR 43.2m, up +9.7% YoY.Portfolio valuation was up 3% to EUR 2.06bn over the period. EPRA NTA is stable at EUR 21.85 per share.FY guidance for Direct EPS 2023 between EUR 1.65-1.75 confirmed.Results ahead of expectations on all KPIsHence TP raised by 29% on the back of the solid resultsWereldhave is an independent international property investment company. Co. is principally involved in leasing out investment property under operating leases. Co.'s activities are spread over four property sectors and across six European countries - the Netherlands, Belgium, Finland, France, Spain and the United Kingdom - and three regions in the United States. Co. creates value by actively managing shopping centres, through sound timing in the purchase and sale of offices and residential property, and by developing its own property at cost. Co. is a closed-end investment company with variable capital.
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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