26 February 2019
14:08
Presentations economic-financial results
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