KBC Securities - QRF Comm (QRF) Qrf 3Q23 reporting: Solid occupancy, outlook reconfirmed

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KBC Securities

Lynn Hautekeete

Qrf 3Q23 reporting: Solid occupancy, outlook reconfirmed

QRF reports results in line with our expectations. The fair value correction to date amount to approx. -2.5% which is below our FY estimate of 5.0%. The closing of the asset held for sale in Liège had a positive impact on liquidity. The outlook of EUR 0.80 dividend per share is reconfirmed. We repeat our 13.0 per share target price and our BUY recommendation.

27/10/2023 1 EN

Underlying

QRF Comm

Qrf Comm VA. QRF Comm. VA, formerly known as Qrf CVA, is a Belgium-based Real Estate Investment Trust. The Company is specialized in the niche market of retail properties. QRF Comm. VA invests in commercial real estate throughout Belgium and the Netherlands.

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BE0974272040 Euronext Brussels Belgium

Provider

KBC Securities

We are a financial services provider for several types of professional clients, each with distinct needs.

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Analysts

Lynn Hautekeete

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Qrf 3Q23 reporting: Solid occupancy, outlook reconfirmed

We are a financial services provider for several types of professional clients, each with distinct needs.

Qrf City Retail FY24 results slightly above expectations

Real Estate Report December 2024

Qrf City Retail 3Q24 trading update: business as usual

Cofinimmo Feedback analyst call

Holdings Report - January 2025 KBCS Holdings Universe Returns 3.1% During January 2025

Qrf City Retail FY24 results slightly above expectations

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