Hold the Presses is your online newsportal en brings press releases from around the world. Journalists can use it for free, although it is their responsibilty to check the news. Hold the Presses is in no way responsible for the content of the press releases, the Sender is. We hope you enjoy reading the news we bring you on this website. If a message is published that is not acceptable, we apologize. Please contact us and we will remove the message as soon as possible.

Thursday, 8 February 2018

Vastned Retail Belgium: Annual results 2017

Vastned Retail Belgium    

Published: 18:00 CET 08-02-2018 /GlobeNewswire /Source: Vastned Retail Belgium / : INTV /ISIN: BE0003754687

Vastned Retail Belgium: Annual results 2017

Continued execution of the strategy to ensure that the share of core city assets in the real estate portfolio exceeds 75% in the long term.


Acquisition of 3 adjoining core city assets in the centre of Antwerp, located at Steenhouwersvest 44 - 46 - 48 for an investment value of about €6 million.


As at 31 December 2017, 59% of the real estate portfolio consists of core city assets and 41% of mixed retail locations (inner-city shops outside of the premium cities, retail parks and retail warehouses).


Realisation of 23 rental transactions representing approximately 9% of the total annual rental income.


Occupancy rate as at 31 December 2017: 99% (98% as at 31 December 2016).


Increase by approximately 6.2% in the fair value of the existing real estate portfolio in financial year 2017, mainly as a result of the stronger yields of the core city assets and the mixed retail locations.


Gross dividend amounts to €2.62 per share for financial year 2017 (€2.45 for financial year 2016). Gross dividend yield of 5.8% based on the closing share price on 31 December 2017, i.e. €45.00.


Increase of the EPRA earnings in financial year 2017 to €2.62 per share (€2.45 for financial year 2016) partly due to the decrease in financing costs.


Limited debt ratio of 27% as at 31 December 2017.

Full press release:

VRB_Annual Results 2017_FINAL

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 Corporate Solutions clients. Source: Vastned Retail Belgium, Uitbreidingstraat 66, Berchem 2600, België
If you would like to unsubscribe and stop receiving these e-mails click here.