Quarterly Comment: Beni Stabili
​Beni Stabili, the listed Italian property portfolio company, reported 4Q16 results broadly in line with our expectations. Rental income was stable on a like for like basis with +0.2% yoy at €200m, while it was +2.4% when excluding Telecom Italia properties. During the year occupancy rate increased by 200bps on the whole portfolio to 95.5% as a result of Beni Stabili’s drive to let...
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