Vastned Retail Belgium : Annual results 2015
(Thomson Reuters ONE) -
Continued execution of the strategy to ensure that the share of premium city
high street shops in the real estate portfolio exceeds 75% in the long term.
As at 31 December 2015, 58% of the real estate portfolio consisted of premium
city high street shops, 17% of high street shops and 25% of non-high street
shops (retail parks and retail warehouses).
Acquisition of four premium city high street shops in the historic city centre
of Antwerp for a total investment amount of ? 18 million.
Start of prominent redevelopment and thorough restoration of a premium city high
street shop of 3.000 m² on Zonnestraat in Ghent.
Divestment of 14 non-strategic retail properties, i.e. retail warehouses and
inner-city shops at secondary locations, accounting for ? 31 million or 9% of
the overall real estate portfolio.
Realisation of 24 rental transactions representing approx. 15% of the total
annual rental income, resulting in an average increase in rent of 15%.
Occupancy rate as at 31 December 2015: 98% (98% as at 31 December 2014).
Increase in fair value by approximately 1% of the existing real estate portfolio
in financial year 2015, mainly as a result of the stronger yields of the premium
city high street shops and new lettings.
Gross dividend amounts to ? 2,51 per share for financial year 2015 (? 2,72 for
financial year 2014). Gross dividend yield of 4,5% based on the closing share
price as at 31 December 2015, i.e. ? 55,97.
Decrease in the operating distributable result to ? 2,52 per share for financial
year 2015 (? 2,72 for financial year 2014), primarily due to the divestment at
the end of 2014 of 19 non-strategic properties, approximately 12% of the real
estate portfolio.
Further optimisation of the spreading of expiry dates for the credit lines.
Limited debt ratio of 28% as at 31 December 2015.
Full press release:
Press release:
http://hugin.info/137399/R/1983924/727190.pdf
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Source: Vastned Retail Belgium via GlobeNewswire
[HUG#1983924]
Unternehmensinformation / Kurzprofil:
Datum: 05.02.2016 - 08:01 Uhr
Sprache: Deutsch
News-ID 448922
Anzahl Zeichen: 2722
contact information:
Town:
Berchem
Kategorie:
Business News
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