EuroCommercial : On the back of resilient full year figures, outlook for 2021 looks brighter
>Low OCRs and high convenience exposure supportive of operational figures in 2021, LTV to hit below 40% by YE 2023 in our base case - Eurocommercial reported a resilient set of results for the 18-month financial year (2019/20) that were largely in line with our estimates for period. Top line gross rental income (GRI) landed higher vs expected with ECP reporting € 303.6m vs (+3.7% vs ABN ODDOe of € 292.8m) for the 18M period. While in terms of direct result ECP reporte...Eurocommercial Properties NV is a closed end property investment company based in the Netherlands. The Company invests, owns and manages retail real estate properties, primarily shopping centers, but also warehouses and office space. Its activities are focused on France, Sweden and Northern Italy, with property portfolio comprising more than 30 shopping centers. Eurocommercial Properties NV operates through a number of subsidiaries, such as Aktiebolaget Laholm Mellby 2:129, Aktiebolaget Norrkoping Silvret 1, Aktiebolaget Skovde K-mannen 2, Bergvik Kopet 3 Kommanditbolag, Betulla Srl, ECP Hogsbo AB, ECP Karlskrona AB, ECP Moraberg Holding AB, Eurocommercial Management Italia Srl, Eurocommercial Properties Ltd, Holgura BV and SAR Degeln AB, among others.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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