26 February 2019 14:08

Results presentation as at 31 December 2018

RESULTS AT 31 DECEMBER 2018:

  • Recurring net income (FFO): €7 million (+21.4%);
  • Rental income: €8 million, +9.2% (LFL Italy +1.3%, Romania +2.9%)
  • Net rental income: €124 million, +10.9%
  • Sales of retailers in Italian malls + 2.2%; financial occupancy Italy 97.2%; Romania 97.1%
  • Further improvement in financial indicators: Loan to Value 45.8%; average cost of debt 2.7%
  • Market value of the portfolio €2,412.2 million (+8.3%);
  • EPRA NNNAV per share: €45 (+0.4%)
  • Dividend: the Board of Directors will propose that shareholders approve a dividend of 50 euro cents per share
  • The ninth corporate sustainability report approved