Wereldhave N.V.: Press Release Trading update Q3 2016
(Thomson Reuters ONE) -
* Strong leasing performance continued: occupancy increases in all countries
* Strategic review Finnish portfolio: Wereldhave to remain active in Finland
* Outlook reconfirmed: EPS growth 2016 at lower end of 6%-9% range
* 2016 dividend proposal of ? 3.08
Summary
In view of feedback from stakeholders, Wereldhave has decided to re-install the
publication of quarterly trading updates. The updated financial calendar with
publications and events in 2017 can be found on our corporate website, which has
been redesigned.
The third quarter saw a continuation of our strong operational performance of
the first half of 2016. Occupancy of the shopping centres as at September
30, 2016 stood at 95.1% (an increase of 30 bps compared to June 30), with high
leasing activity and improvements in occupancy in all countries. However, we
experience pressure in rental levels in all countries from tenant rotations
after bankruptcies.
In the Netherlands, Wereldhave sold the Pathé cinema in Tilburg with closing in
September 2016. The proceeds will be reinvested during the fourth quarter of
2016 with the completion of the acquisition of a HEMA store in Tilburg. Also in
the Netherlands, a smaller shopping centre in Geldrop was sold, with closing
scheduled to take place mid December 2016.
In 2016, Wereldhave made a strategic review of its presence in Finland. In view
of the recent bankruptcy of the Anttila department store and the Finnish economy
which is still subdued due to an uncertain economical and political environment,
Wereldhave has decided that this is not the right timing for a disposal of its
Finnish asset.
Wereldhave reconfirms its outlook that the direct result per share for the year
2016 will increase between 6%-9% compared to 2015, but in view of recent
bankruptcies, EPS growth is expected to be at the lower end of the range.
For 2016, Wereldhave will propose a dividend of ? 3.08 (4 quarterly dividends of
? 0.77), which is an increase of 2.3% against the previous year, with a pay-out
ratio of approximately 90%.
The final results 2016 will be announced on February 3, 2017.
READ MORE: www.wereldhave.com
Information for the press:
Richard W. Beentjes
E richard.beentjes(at)wereldhave.com
T + 31 20 702 78 39
Information for analysts:
Jaap-Jan Fit
E jaapjan.fit(at)wereldhave.com
T + 31 20 702 78 43
2016-10-21-Press Release_Trading update Q3 2016:
http://hugin.info/134202/R/2050484/766993.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wereldhave N.V. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 21.10.2016 - 07:45 Uhr
Sprache: Deutsch
News-ID 501989
Anzahl Zeichen: 3219
contact information:
Town:
Schiphol
Kategorie:
Business News
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