Corio sustains growth in difficult market: net rental income up 6.8%
on continuing operations
(Thomson Reuters ONE) - FINANCIAL HIGHLIGHTS FOR NINE MONTHS ENDED 30 SEPTEMBER 2009(Comparative figures for 9M 2008 results in brackets; unless statedotherwise)§ Net rental income (including minority interest) from continuingoperations up 6.8% at ? 251.0 m (? 235.0 m).§ Like-for-like net rental growth, total portfolio: 1.6% (4.3%),like-for-like net rental growth, retail portfolio: 1.8% (4.5%)§ Reletting and renewals: 5.1% of the retail contracts re-let orrenewed, increase: 8.1%.§ Direct result (excluding minority interest) up 4.0% at ? 162.2 m(? 156.0 m).§ The average financial occupancy rate for the retail portfolio was96.4% (97.7%).§ Direct result per share down ? 0.07 to ? 2.29, this is the resultof the recently increased number of shares.§ Net financing expense decreased ? 24.1 m to ? 72.3 m.§ Indirect result (excluding minority interests) was ? 314.0 mnegative (? 123.7 m negative).§ Value of the property portfolio (including share of associates andminority interests): ? 5,917 m vs year-end 2008: ? 6,039 m;percentage invested in retail: 93%.§ Pipeline (excluding already paid): down ? 277 m to ? 2,062 m.§ Committed part of pipeline (excluding already paid): up ? 29 m to? 533 m.§ Successful capital increase of ? 258 m in June 2009 viaAccelerated Book Build (ABB).§ Net Asset Value (NAV) per share fell 15.2% to ? 44.24 (year-end2008 ? 52.20), Triple NAV (NNNAV) per share fell by 18.6% to ? 47.21(year-end 2008: ? 57.98);§ Leverage: 40.5% at 30 September 2009 (year-end 2008: 40.1%);average interest rate in Q3 2009 lower at 4.0%; fixed interest debt62% (year-end 2008: 65%).http://hugin.info/134201/R/1355970/329352.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 18.11.2009 - 18:00 Uhr
Sprache: Deutsch
News-ID 8593
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