Corio's 9M 2011 direct result increased 4.7%
(Thomson Reuters ONE) -
FINANCIAL HIGHLIGHTS FOR NINE MONTHS ENDED 30 SEPTEMBER 2011
(Comparative figures for 9M 2010 results in brackets; unless stated otherwise)
· Net rental income up 9.1% at ? 295.8 m (? 271.1 m).
· Like-for-like net rental growth retail portfolio: 3.0% (1.1%).
· Positive re-letting and renewals: 6.7% up for 5.6% of the retail contracts.
· Financial occupancy rate for the retail portfolio stable : 96.2% (96.2%).
· Net direct financing expense up ? 8.7 m to ? 77.9 m (? 69.2 m).
· Direct result up 4.7% to ? 197.1 m (? 188.2 m).
· Direct result per share decreased ? 0.04 to ? 2.15 (? 2.19).
· Positive revaluations of ? 16.4 m in 9M 2011 (? 75.1 m).
· Net result at ? 177.2 m (? 236.1 m).
· Value of the property portfolio: ? 7,419.5 m at 30 September 2011 vs year-end
2010: ? 6,988.8 m;
· Percentage invested in retail: 96% (year-end 2010: 96%).
· Leverage (after netting cash and debt): 41.4% at 30 September 2011 (year-end
2010: 38.2%); average interest rate Q3 2011: 4.1% (Q2 2011 4.2%); fixed interest
debt 67% (year-end 2010: 64%).
· Corio signed Revolving Credit Facilities totalling to ? 680 m, replacing the ?
600 m RCF due in April 2012.
· Pipeline: decrease of ? 305 m to ? 2,733 m (31 December 2010: ? 3,038 m).
· Committed pipeline (including already paid of ? 343 m) decreased ? 72 m to
? 1,110 m.
· Net Asset Value (NAV) per share at ? 45.30 (year-end 2010 ? 46.10), NNNAV per
share at ? 45.99 (year-end 2010: ? 46.82).
Conference call en audio cast 9M 2011 results
On Friday 4 November 2011, Gerard Groener (CEO) and Ben van der Klift (CFO) will
present the 9M 2011 results at 09:00 CET via a conference call and audio cast.
You can participate by calling: +31 (0)20 7965 008 for the Netherlands and +44
(0)20 7162 0077 for UK (more access numbers are available on our website,
conference ID: 905298) or listen to the conference
via:http://corio.dutchview.nl/corio20111104pe (audio cast will also be available
for at least one month after the call). The presentation can be downloaded from
(www.corio-eu.com =>Investor Relations => Presentations).
Press release:
http://hugin.info/134201/R/1560814/482907.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters 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: Corio NV via Thomson Reuters ONE
[HUG#1560814]
Unternehmensinformation / Kurzprofil:
Datum: 03.11.2011 - 17:40 Uhr
Sprache: Deutsch
News-ID 83869
Anzahl Zeichen: 2921
contact information:
Town:
Utrecht
Kategorie:
Business News
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