reports
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...
BENI STABILI 3Q16 Results
​Beni Stabili, the listed Italian €4.2bn property portfolio company, reported 3Q16 rental income of €50.1m down by 3.1% yoy. Rental income from Telecom Italia (49% of total rental income), decreased by 9.2% due to the disposal of some properties. Non Telecom Italia office and retail rent increased by 3.5% and 4.2% respectively thanks to lower vacancy. It helped LFL rental growth that was positive at 9M16 with...
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