Cegereal - Quaterly financial information - Sharp improvement in operating performance
(Thomson Reuters ONE) -
Paris, October 26, 2017 - 8:00 a.m.
Quarterly financial information
Cegereal
SHARP IMPROVEMENT
IN OPERATING PERFORMANCE
* KEY FIGURES
In millions of euros Nine months 2017 Nine months 2016 Change
IFRS rental income 38.8 36.1 +7.3%
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Portfolio occupancy rate 89.6% 87.1% +2.5pt
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EPRA earnings 24.1 14.7 +63.7%
The above figures have not been reviewed by the Statutory Auditors.
Rental income grew by 7.3% year on year mainly thanks to the acquisition of the
Hanami campus.
Cegereal's EPRA earnings came to ?24.1 million for the nine months ended
September 30, 2017, a 63.7% increase mainly reflecting solid rental income, the
decline in financial expenses following the refinancing of the Group's debt in
the summer of 2016 and the absence of material non-recurring expenses.
* AN ACTIVE QUARTER IN MARKETING TERMS
After entering into a lease with Axens for the eighth and last Hanami building,
Cegereal has now fully let the campus property acquired in 2016.
Our marketing initiatives have paid off, resulting in a high overall occupancy
rate of 89.6% at September 30, 2017 versus 87.1% a year earlier.
Cegereal is now focusing its efforts on marketing the "garden floors" of the
Europlaza building while renovating and optimizing common areas and floors
vacated by GE Capital in September in the upper stories of the tower.
* INDUSTRY AWARDS
For the third year running, Cegereal has been singled out for excellence among
listed office property companies in Europe. The company placed in the top three
of the GRESB index for its commitment to corporate social responsibility and won
two Gold Awards at the annual conference of the European Public Real Estate
Association (EPRA) for the quality of its financial and extra-financial
reporting.
* Investor Calendar
* February 16, 2018 2017 annual results
* April 25, 2018 First-quarter 2018 revenue
* July 26, 2018 First-half 2018 results
For more information, contact:
Media Relations Investor Relations
Alexandre Dechaux / +33 1 53 32 84 77 Charlotte de Laroche
alexandre.dechaux(at)citigate.fr charlotte.delaroche(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
at ?1,144 million as of June 30, 2017 (replacement value).
From an environmental point of view, Cegereal's portfolio 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 ?500 million on
October 24, 2017.
www.cegereal.com.
Press Release (PDF):
http://hugin.info/155833/R/2144662/821959.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: Cegereal SA via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 26.10.2017 - 08:01 Uhr
Sprache: Deutsch
News-ID 565361
Anzahl Zeichen: 4213
contact information:
Town:
Paris
Kategorie:
Business News
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