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: 07 Sep 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 | |
| Income from divestment of real estate | 597 | 654 | 92 | 279 | 341 |
| Operating income | 86,675 | 87,764 | 64,927 | 71,473 | 64,598 |
| Cost of financial indebtedness net | -19,275 | -18,479 | -17,379 | -18,213 | -16,708 |
| Equity-accounted companies contribution to income | |||||
| 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: 07 Sep 2020 | |||||