Cegereal - Rental income up 13.9%
(Thomson Reuters ONE) -
Paris - April 15, 2016 - 8:00 a.m.
Quarterly financial information
Cegereal - Rental income up 13.9%
"Alongside our good operating results, the first quarter was shaped by
Northwood Investors' tender offer in January 2016, followed by the successful
placement of over 40% of the capital," said Raphaël Tréguier, Chief Executive
Officer of Cegereal. "The redesign of the company's shareholding allows us to
maintain our status as a French REIT and to welcome GIC as a key partner."
* Key figures
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In millions of euros Q1 2016 Q1 2015 Change
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IFRS gross rental income 12.1 10.7 +13.9%
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Portfolio occupancy rate 92.7% 90.9% -
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EPRA earnings 6.8 3.7 +84.9%
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In euros per share
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Share price 33.4 29.5 +13.1%
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Dividend 2.0 1.65 +21.2%
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This statement has not been subject to auditors' review.
* Entry of new shareholders and REIT status maintained
The Northwood Investors concert now only holds 57.48% of Cegereal. Northwood,
which held 98.44% of Cegereal's share capital following the tender offer that
closed on January 25, 2016, has sold a portion of its CGR shares in a financing
round with leading institutional investors, including GIC, which took up 25%.
This transaction allows Cegereal to continue to benefit from the REIT tax
regime.
The maintenance of REIT (Real Estate Investment Trust) status is conditional on
a single shareholder or several shareholders acting in concert - within the
meaning of Article L.223-10 of the French Commercial Code - not holding,
directly or indirectly, more than 60% of the company's share capital, as per
Article 208C of the French General Tax Code.
* Amount to be distributed in dividends in 2016: ?2.0 per share
At the Annual Shareholders' Meeting on May 26, 2016, Cegereal intends to
recommend paying a total of ?2.0 in dividends per share in 2016. The dividend
will be paid on July 20, 2016, subject to shareholders' approval.
Investor Calendar
* May 26, 2016 Annual Shareholders' Meeting
* July 20, 2016 Payment of the 2015 dividend
* July 22, 2016 First-half 2016 results
* October 2016 Third-quarter 2016 revenue
For more information, please contact:
Media Relations
Aliénor Miens / +33 (0)1 53 32 84 77
alienor.miens(at)citigate.fr
Investor Relations
Raphaël Tréguier / +33 (0)1 42 25 76 36
raphael.treguier(at)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
by independent valuers DTZ Eurexi at ?1 billion as of December 31, 2015
(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
benefits from the Green Star rating 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 ?480 million on April
13, 2016.
www.cegereal.com.
Cegereal - Results Q1 2016:
http://hugin.info/155833/R/2003803/739717.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Cegereal SA via GlobeNewswire
[HUG#2003803]
Unternehmensinformation / Kurzprofil:
Datum: 15.04.2016 - 08:01 Uhr
Sprache: Deutsch
News-ID 464269
Anzahl Zeichen: 5022
contact information:
Town:
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Kategorie:
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