Wereldhave : Abolishment of Dutch REIT status and increased transfer taxes to impact Wereldhave negatively: downgrade to Neutral
>The Dutch government announcements are likely to significantly impact EPS and NAV for Dutch REITs, including Wereldhave - The Dutch government announced last week its intention to abolish the local REIT status, called FBI. This would effectively mean that Wereldhave would need to pay the full corporate tax rate (25.8%) on its Dutch profits as of 2024, impacting its profits with around 13%. Although this measure is not yet finalized and discussions could lead to an ad...Wereldhave 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.
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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