checkAd

    Corio NV  307  0 Kommentare Corio's direct result, €229.8 m, in line with previous guidance

    HIGHLIGHTS 2014

    Operating performance
    · Direct result (EPRA earnings) is €229.8 m or €2.30 per share, in line with previous guidance
    · Net rental income like-for-like up 0.9% for 2014
    · Retail portfolio's average vacancy rate unchanged at 5.2%
    · Administrative expenses reduced by 5%, to €37.1 m
    · On a like-for-like basis, footfall increased by 1.1% and tenants sales were unchanged
    · Reversion rate of +2.3% (Re-letting and renewal of retail portfolio)

    Financing
    · Financing cost decreased to 3.4% in Q4 2014
    · Loan-to-Value was 42.7% as of 31 December 2014

    Disposals
    · Corio has sold 31 assets for total proceeds of €638 m in the past 2 years, of which €394 m in 2014

    Valuation at year-end 2014
    · Portfolio valued at €6.9 bn, down 2.3% vs. last year
    · EPRA NNNAV Net Asset Value per share of €33.97 down 9.8%

    Events subsequent to reporting date
    · Corio distributed a cash dividend of €1.03 per share on 12 January 2015
    · The Management Board of Corio N.V. changed on 15 January 2015 (Settlement date)
    · On 16 January 2015, Klépierre and Corio announced that Klépierre held 93.6% of total outstanding shares of Corio following the closing of the public exchange offer launched in October 2014. Both companies confirmed their intention to merge effective 31 March 2015

    The figures in this press release have not been audited by the external auditor




    This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
    The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
    Source: Corio NV via Globenewswire

    HUG#1894224


    GlobeNewswire
    0 Follower
    Autor folgen

    Verfasst von GlobeNewswire
    Corio NV Corio's direct result, €229.8 m, in line with previous guidance HIGHLIGHTS 2014 Operating performance· Direct result (EPRA earnings) is €229.8 m or €2.30 per share, in line with previous guidance· Net rental income like-for-like up 0.9% for 2014 · Retail portfolio's average vacancy rate unchanged at …