Befimmo is putting its announced plan into action

During the first quarter:

     - ZIN: Befimmo wins the public tender of the Flemish Authorities:

  • The 70,000 m² of office space already pre-let for 18 years
  • Capital gain (IAS 40) of €49 million

     - Silversquare: extensions and development of new coworking spaces ongoing

     - Fair value of the property portfolio up €68.4 million (+2.56%)

     - EPRA earnings of €0.72 per share (group share)

     - Net result of €2.86 per share (group share)

     - Net asset value of €59.06 per share (group share)

After the close of the first quarter:

     - Pavilion:

  • Transaction carried out as part of the dynamic management of the portfolio
  • Distributable capital gain of €14.6 million (€0.57 per share)

     - Merger by acquisition of Beway by Befimmo:

  • Creation of capacity for accretive growth

At constant perimeter, EPRA earnings forecasts per share for the fiscal year confirmed

Dividend for the fiscal year unchanged (€ 3.45 per share)

Please consult the full press release: 

Befimmo SA - Interim Statement as at 31 March 2019 - UK- FINAL


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Source: Befimmo SA via Globenewswire