Leasinvest Real Estate SCA: Half-year financial report 2017
- Regulated press release
Highlights first half-year 2017
- Redevelopments Montoyer 63 and Treesquare in Brussels and Strassen in Luxembourg on schedule
- The figures realized on 30/06 correspond to the outlook
- The rental income is stable at € 28.1 million compared to € 28.4 million (-1%)
- Due to a lack of extraordinary financial income in H1 2017 the net result and EPRA Earnings* are lower
- EPRA Earnings* (previously the net current result) on 30/06 has decreased, according to the outlook, to € 13.3 million (30/06/2016: € 14.35 million) or € 2.69 per share (30/06/2016: € 2.91 per share) (-8%)
- The net result has slightly risen from € 15.1 million to € 15.6 million or € 3.16 per share (+3%)
- Temporary lower occupancy rate of the real estate portfolio at 91.8%
- Global real estate portfolio amounts to € 982 million (incl. participation in Retail Estates)
- Net asset value (group share) per share EPRA stands at € 81.6
- Temporary higher debt ratio of 59.92%
- Further geographical diversification towards Luxembourg by acquisition of Mercator office building
- Divestment 3 logistics buildings in final phase
