Vastned Retail Belgium: Annual results 2018
07 Février 2019 - 6:00PM
Vastned Retail Belgium: Annual results 2018
Continued execution of the strategy with a clear focus on
high-quality retail properties.
As at 31 December 2018, 59% of the real estate portfolio
consists of core city assets and 41% of mixed retail locations
(inner-city shops outside of the premium cities, retail parks and
retail warehouses).
Realisation of 28 rental transactions representing approximately
12% of the total annual rental income.
Occupancy rate as at 31 December 2018: 98% (99% as at 31
December 2017).
Decrease by approximately 1.5% in the fair value of the existing
real estate portfolio in financial year 2018, mainly the result of
a decrease in the estimated rental values.
Gross dividend amounts to €2.85 per share for financial year
2018 (€2.62 for financial year 2017). Gross dividend yield of 7.0%
based on the closing share price on 31 December 2018, i.e.
€40.90.
Increase of the EPRA earnings in financial year 2018 to €2.85
per share (€2.62 for financial year 2017) mainly the result of an
increase in rental income combined with a significant decrease in
interest charges as a result of the refinancing of the loan
portfolio in 2017.
Extension of the duration of the revolving credit facilities by
1 year to 2023 under the same conditions.
Limited debt ratio of 27.5% as at 31 December 2018.
Full press release:
- VRB Annual results 2018_FINAL