Vastned Retail Belgium : Annual results

GlobeNewswire Europe

The gross dividend of Vastned Retail Belgium increases to € 2,65 per share in 2013 (€ 2,62 for financial year 2012). Gross dividend yield of 5 % based on the share price on closing date on 31 December 2013 (€ 52,40).

Almost stable fair value of the existing real estate portfolio in 2013 (- 0,8 %).

Acquisition of a premium high street shop in the inner-city of Bruges in the third quarter of 2013, let to Massimo Dutti.

Sale of a retail park in Schelle and four commercial buildings in 2013.

Letting transactions on prime locations in Brussels on avenue Louise 7 and in Antwerp on Leysstraat 28-30.

On 31 December 2013, 58 % of the real estate portfolio of the property investment fund is invested in inner-city shops.

On 31 December 2013 the occupancy rate of the real estate portfolio is 95,4 %.

In 2013, the property investment fund changed its name into "Vastned Retail Belgium" to indicate clairly its independence and that regarding the real estate investment policy it joins the strategy of its Dutch majority shareholder Vastned.

The debt ratio amounts only to 34 % on 31 December 2013.

Please click on the pdf for the entire press release:

Press release



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Source: Vastned Retail Belgium via GlobeNewswire

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