Trading update 30 September 2024
25 Oct 2024 08:00 CEST
Issuer
WERELDHAVE BELGIUM
SOLID OPERATIONAL PERFORMANCE DESPITE SOME BANKRUPTCIES LEADING TO MAINTAINING THE INDICATION OF THE EXPECTED NET RESULT FOR 2024
• Increase in net rental income by 5% to € 48M (€ 45.8M at 30 September 2023);
• Increase of the net result from core activities per share of 0.5% to € 3.53 at 30 September 2024 (€ 3.51 at 30 September 2023);
• Increase of the fair value of the investment property portfolio (+4.6% compared to 31 December 2023);
• Increase in net asset value per share to € 81.46 (+4.3% vs. 2023: € 78.07);
• Quasi-stable EPRA occupancy rate with a slight decrease of 0.3% to 95.8% for the entire portfolio (96.1% at 31 December 2023) despite the bankruptcy of a few tenants;
• Improved debt ratio to 28.8% at 30 September 2024 (29.6% at 31 December 2023);
• Outlook of net result from core activities maintained between € 4.80 - € 4.90 per share.
Attachment
Source
Wereldhave Belgium
Provider
GlobeNewswire
Company Name
WERELDHAVE BELGIUM
ISIN
BE0003724383
Symbol
WEHB
Market
Euronext