Corio's direct result H1 2011 up 9.9%
(Thomson Reuters ONE) -
FINANCIAL HIGHLIGHTS FOR SIX MONTHS ENDED 30 JUNE 2011
(Comparative figures for H1 2010 results in brackets; unless stated otherwise)
· Net rental income up 11.4% at ? 195.9 m (? 175.8 m).
· Like-for-like net rental growth, retail portfolio: 3.0% (1.3%).
· Re-letting and renewals: 3.7% of the retail contracts were re-let or renewed,
increase: 8.0%.
· The average financial occupancy rate for the retail portfolio: 95.9% (96.2%).
· Net direct financing expense up ? 5.8 m to ? 50.8 m (? 45.0 m).
· Direct result up 9.9% at ? 133.8 m (? 121.7 m).
· Direct result per share stable at ? 1.46 (? 1.46).
· Positive revaluations of ? 8.7 m in H1 2011 (? 57.3 m).
· Net result down ? 32.1 m at ? 122.8 m (? 154.9 m).
· Value of the property portfolio: ? 7,210.2 m at 30 June 2011 vs year-end
2010: ? 6,988.8 m;
· Percentage invested in retail: 96% (year-end 2010: 96%).
· Leverage (after netting cash and debt) : 40.3% at 30 June 2011 (year-end
2010: 38.2%); average interest rate
Q2 2011: 4.2% (Q1 2011 4.1%, Q4 2010: 4.0%); fixed interest debt 65% (year-end
2010: 64%).
· Pipeline: net increase of ? 13 m to ? 3,051 m (31 December 2010: ? 3,038 m).
· Fixed committed part of pipeline (including already paid of ? 263 m) net
decreased ? 29 m to ? 1,153 m.
· Net Asset Value (NAV) per share was ? 44.86 (year-end 2010 ? 46.10), NNNAV per
share was ? 45.14 (year-end 2010: ? 46.82).
Webcast and Conference call H1 2011 results
On Friday 19 August 2011, the Management Board of Corio will present the H1
2011 result to the press at 9.30 and to analysts at 11.30 at her own offices at
Hoog Catharijne. The meeting with analysts can be followed by webcast which is
accessible via (http://corio.dutchview.nl/corio20110819pe-utr/video.php).
The presentation can be downloaded from the site (www.corio-eu.com => Investor
Relations => Presentation). You can also listen to the analyst meeting by phone.
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Semi annual report 2011:
http://hugin.info/134201/R/1539439/470468.pdf
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Source: Corio NV via Thomson Reuters ONE
[HUG#1539439]
Unternehmensinformation / Kurzprofil:
Datum: 18.08.2011 - 17:46 Uhr
Sprache: Deutsch
News-ID 57387
Anzahl Zeichen: 3638
contact information:
Town:
Utrecht
Kategorie:
Business News
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