Vastned Belgium: Strong operational results in a volatile market environment with rising interest rates
February 12 2024 - 11:00AM
UK Regulatory
Vastned Belgium: Strong operational results in a volatile market
environment with rising interest rates
• EPRA earnings of € 2.81 per share for financial year 2023,
compared to € 2.59 per share for the previous financial
year.
• Refinancing of the existing credit lines was completed in the
fourth quarter of 2023.
• Almost fully let portfolio (occupancy rate of 99.9%) underlines
the quality of the real estate portfolio.
• A low debt ratio of 25.3% provides solid protection.
• € 32.2 million of unused credit facilities available.
• Stable value of the real estate portfolio (-0.4%) compared to the
previous financial year.
• Proposed gross dividend of € 2.30 per share for financial year
2023 (previous financial year: € 2.25 per share). This
corresponds to a gross dividend yield of 7.5% based on the 31
December 2023 closing price of € 30.80 per share.
Full press release:
Vastned Retail Belgium Nv (LSE:0ET5)
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Vastned Retail Belgium Nv (LSE:0ET5)
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