• Trading update 30 September 2024

    Source: Nasdaq GlobeNewswire / 25 Oct 2024 01:00:00   America/Chicago

    SOLID OPERATIONAL PERFORMANCE DESPITE SOME BANKRUPTCIES LEADING TO MAINTAINING THE INDICATION OF THE EXPECTED NET RESULT FOR 2024

    • Increase in net rental income by 5% to € 48M (€ 45.8M at 30 September 2023);
    • Increase of the net result from core activities per share of 0.5% to € 3.53 at 30 September 2024 (€ 3.51 at 30 September 2023);
    • Increase of the fair value of the investment property portfolio (+4.6% compared to 31 December 2023);
    • Increase in net asset value per share to € 81.46 (+4.3% vs. 2023: € 78.07);
    • Quasi-stable EPRA occupancy rate with a slight decrease of 0.3% to 95.8% for the entire portfolio (96.1% at 31 December 2023) despite the bankruptcy of a few tenants;
    • Improved debt ratio to 28.8% at 30 September 2024 (29.6% at 31 December 2023);
    • Outlook of net result from core activities maintained between € 4.80 - € 4.90 per share.

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