RETAIL ESTATES
Company profile
Retail Estates specializes in owning, acquiring and managing business real estate properties (primarily suburban shops, malls, private buildings, and commercial buildings) located in Belgium and Luxembourg.
At the end of March 2019, the real estate portfolio, of a total surface of 1,049,101 m2, amounted, in market value, to EUR 1.6 billion.
Source: Cofisem - Last Update: 17 Jun 2020
Key Executives
| Chief Executive Officer | Jan de Nys | ||||
| Chief Financial Officer | Kara De Smet | ||||
| Source: Cofisem - Last Update: 19 Nov 2019 | |||||
Key figures
| Millenium | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|
| Gross rental income | 107,910 | 95,411 | 78,046 | 66,024 | 62,074 |
| Income from ordinary activities | 107,910 | 95,411 | 78,046 | 66,024 | 62,074 |
| Charges directly allocated to real estate, contracts | 5,024 | 3,966 | 559 | 394 | |
| Result from divestment of real estate | 597 | 654 | 92 | 279 | 341 |
| Operating income | 86,675 | 87,764 | 64,927 | 71,473 | 64,598 |
| Cost (net) of financial indebtedness | -19,275 | -18,479 | -17,379 | -18,213 | -16,708 |
| Equity-accounted companies' contribution to results | |||||
| Net profit from discontinued activities | |||||
| Net income | 58,098 | 54,479 | 46,695 | 52,136 | 42,035 |
| Net income (Group share) | 58,098 | 54,479 | 46,695 | 52,136 | 42,035 |
| Fiscal year end | 3.2 | 3.19 | 3.18 | 3.17 | 3.16 |
| Length of fiscal year (month) | 12 | 12 | 12 | 12 | 12 |
| Currency & Unit | EUR - thousands | EUR - thousands | EUR - thousands | EUR - thousands | EUR - thousands |
| Account Standards | |||||
| Source: Cofisem - Last Update: 17 Jun 2020 | |||||