Intervest Offices & Warehouses : Walking on thin ice, debt concerns remaining despite planned disposals
>New strategy to continue reshaping the portfolio, ambitions for 2025 unrealistic - At its FY 2022 results, the company presented its new strategic plan, “Connect 2025”, outlining its ambitions for 2025 on EPRA EPS, portfolio value, ESG and leverage. We support the strategy of the company to continue its asset rotation and improve its balance sheet, however we find the targets for 2025 unrealistic in terms of the growth from its portfolio and earnings. Including a los...Intervest Offices & Warehouses is a Belgian property investment fund. Co. specializes in investments in office buildings and semi-industrial properties situated on locations outside municipal centres. Co.'s business properties are located on the Antwerp-Brussels axis. Its activities can be divided into two business segments: Offices segment which includes the properties that are let to companies for professional purposes as office space; and Semi-industrial buildings segment which includes those premises with a logistical function, storage facilities and high-tech buildings. At Dec 31 2010, Co.'s portfolio consists of 69% in offices buildings and 31% in semi-industrial buildings.
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.
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.