Terreïs : EPRA NAV up +11.5% for 2018, exceptional dividend and plans for a public share buyback offer
>A strategy that is paying off - Terreïs’ strategy to concentrate its portfolio on prime office real estate in Paris, coupled with a financial policy that is based on fixed rate debt, continued to pay off in 2018. As such, EPRA NAV was up 11.5% to € 57 per share with an LTV ratio of 32% (-4 points). Underlying net profit EPRA was +€ 35.8m, representing a y-o-y increase of 25% primarily linked to the increase in gross rental income (+3.8%), a decline in the cost of deb...Terreis a property management company. Co. specializes in acquiring, managing or building properties which generate rental income. Co.'s portfolio consists mainly of office and retail premises essentially located in Paris, France. For commercial premises, priority is given to properties with uncapped rent (travel agencies, estate agencies, professional practices) located in the main commercial districts right in the heart of the city center. For offices, Co. excludes high-rise buildings from its portfolio. In Paris, priority is given to historic properties in a prime location.
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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