Intervest Offices & Warehouses NV: Annual results 2015
(Thomson Reuters ONE) -
Strategic shift towards logistics real estate: as 31 December 2015, 51% of the
portfolio consisted of offices and 49% of logistics real estate.
The operating distributable result amounted in 2015 to ? 1,90 per share (? 1,56
in 2014).
Dividend pay-out ratio of 90% in 2015.
The gross dividend of Intervest Offices & Warehouses amounted to ? 1,71 per
share for financial year 2015, offering a gross dividend yield of 7,0% based on
the share price on closing date of 31 December 2015.
Expansion of the logistics portfolio by 11% in 2015 through acquisition of a
modern logistics site of approximately 52.000 m² in a prime location in Liège
for ? 29 million with an initial net return of 8,2%.
As at 31 December 2015, the fair value of the total real estate portfolio
amounted to ? 634 million.
The total leasable space increased by 6% to 717.073 m² in 2015.
Improvement of the occupancy rate by 3%: 90% as at 31 December 2015 (87% as at
31 December 2014); the occupancy rate of the office portfolio increased by 2% to
85%, the occupancy rate of the logistics portfolio increased by 4% to 95%.
It was an active year in the area of leasing activity: extension of lease
agreements for 15% of the total annual net rental income and lease agreements
with new tenants for 4% of the total annual net rental income.
The fair value of the existing real estate portfolio (excluding acquisitions and
divestments) decreased in 2015 by 1%. The logistics segment recorded a 1%
increase in value, whereas the office segment depreciated by 3%.
Expansion of the RE:flex concept in Mechelen and opening of a new branch planned
in Antwerp, Sky Building in 2016.
Renovation of Sky Building and fitting/refitting work for various clients
according to the tried and tested turn-key solutions concept. The registered
office and operational activities of Intervest Offices & Warehouses are now also
located here.
Further optimisation of credit line expiry date spreading and a decline of the
average interest rate for financing, from 4,0% in the first semester of 2015 to
3,1% in the second semester of 2015.
Strengthening of the equity by ? 2 million through optional dividend for the
2014 financial year in May 2015, with 15% of the shareholders opting for shares.
Debt ratio of 48,2% as at 31 December 2015.
Broader shareholder base and support from several reference shareholders through
sale by majority shareholder NSI nv of 35% of shares in Intervest Offices &
Warehouses in June 2015.
Full press release
Press release:
http://hugin.info/137397/R/1983915/727188.pdf
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Source: Intervest Offices & Warehouses NV via GlobeNewswire
[HUG#1983915]
Unternehmensinformation / Kurzprofil:
Datum: 05.02.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 448926
Anzahl Zeichen: 3477
contact information:
Town:
Berchem
Kategorie:
Business News
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