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Friday, 21 April 2017

Cegereal, the French Core Office REIT - Net income up 10.6%

Cegereal SA    

Published: 07:00 CEST 21-04-2017 /GlobeNewswire /Source: Cegereal SA / : CGR /ISIN: FR0010309096


Paris, April 21, 2017 - 7:00 a.m.

Quarterly financial information

Cegereal

 

Net income up 10.6%

 

  • Key FIGURES

 

In millions of euros

Q1 2017

Q1 2016

Change

IFRS gross rental income

13.0

12.1

+6.7%

Portfolio occupancy rate

91.5%

92.7%

-

EPRA earnings

7.5

6.8

+10.6%

In euros per share

 

 

 

Share price 

37.1

 33.4 

+11.1%

Dividend 

2.1

2.0 

+5%

This statement has not been subject to auditors' review

 

 

  • HuAwei expands its lease at Arcs de Seine

Huawei, one of the world's leading telecommunications providers, has expanded its lease at Arcs en Seine by doubling the space it occupies to 11,700 sq.m, for a minimum lease term of six years.

The Arcs en Seine office complex is ideally located on the banks of the Seine in the heart of the TMT Valley in Boulogne-Billancourt and offers tenants an excellent business base, outstanding visibility and a range of top rated amenities.

The Group's overall occupancy rate was 91.5% at March 31, 2017.

 

  • dividends in 2017: €2.10 per share

At the Annual Shareholders' Meeting on April 20, 2017, shareholders approved the financial statements for the year ended December 31, 2016 and the payment of a 2016 dividend of €2.10 per share. The dividend will be paid on July 13, 2017.

 

Investor Calendar

  • July 13, 2017                       Payment of the 2016 dividend
  • July 21, 2017                       First-half 2017 results
  • October 26, 2017                 Third-quarter 2017 revenue

 

For more information, contact:

 

Media Relations

Aliénor Miens / +33 1 53 32 84 77  

alienor.miens@citigate.fr 

Investor Relations

Raphaël Tréguier / +33 1 42 25 76 36 

raphael.treguier@cegereal.com

 

 

About Cegereal

Created in 2006, Cegereal is a commercial property company that invests in prime office properties in Greater Paris. The portfolio's appraisal value is estimated at €1,209 million as of December 31, 2016 (replacement value).

To date, Cegereal is the first French property company with a fully certified portfolio from an environmental point of view (HQE and BREEAM "Very Good") and ranks as "Sector Leader" in the international benchmark GRESB.

Cegereal is a REIT listed on Euronext Paris since 2006, in compartment B (ISIN: FR0010309096). The Company had a market capitalization of €490 million on April 20, 2017.

www.cegereal.com.



PDF Press Release



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Cegereal, 21-25, rue Balzac, Paris 75008, France
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