Leasinvest Real Estate - year results financial year 2009

(Thomson Reuters ONE) - * Leasinvest Real Estate realizes an increase of 17% of rental income from 33.6 million euro to 39.2 million euro thanks to the investments end 2008; * The net current result of 21.6 million euro, or 5.41 euro per share, implies an increase of 22% compared to the previous year[1] (17.7 million euro, or 4.43 euro per share); * The net result, group share, amounts to 18.4 million euro or 4.6 euro per share compared to 22.8 million euro (5.71 euro per share) on 31/12/08. This decrease is the consequence of unrealized (non-cash) negative changes in the value of the real estate portfolio; * Successful redevelopment in Luxembourg of the office buildings Bian and Montimmo; * Occupancy rate remains high at 97.74%, despite the malaise in the real estate market; * Decrease of the debt ratio from 52.06% (31/12/08) to 47.61% due to the sale of the office building Bian in Luxemburg with a cash realized gain of 15.2 million euro; * To the general meeting will be proposed to pay a gross dividend of 4.00 euro (net dividend: 3.40 euro) on 24/05/10, compared to 3.8 euro[2] (gross - calculated on an annual basis) the previous year (+ 5%).Click on the link below for the full text of the press release in PDF:--------------------------------------------------------------------------------[1] As the previous financial year was an extended financial year that ran from01/07/07-31/12/08 (18 months), comparative pro forma result figures arepresented for the period 01/01/08-31/12/08 (12 months) (unaudited).[2] In the extended financial year 2007/2008 of 18 months a total gross dividendof 5.70 euro was distributed, consisting of a unique interim dividend of 3.85euro and a closing dividend of 1.85 euro. The pro rata (12 months) of the totalgross dividend of 5.70 euro amounted to 3.80 euro.[HUG#1383757] Leasinvest RE Year results 2009: http://hugin.info/134797/R/1383757/342592.pdf

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Datum: 12.02.2010 - 07:36 Uhr
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Increase of the net current result[1], group share, by 25% to 2.67 euro per share (30/06/08: 1.99 euro per share); Increase of rental income by 20% to 19.5 million euro (30/06/08: 16.3 million euro); Decrease of the net result, group share, of 21.3 m ...

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