Vastned Retail Belgium: Half-yearly financial report of the Board of Directors for the period 01.01.2020 to 30.06.2020
28 Luglio 2020 - 6:00PM
Vastned Retail Belgium: Half-yearly financial report of the Board
of Directors for the period 01.01.2020 to 30.06.2020
Final agreements concerning rent due during the lockdown have
been made with 85% of our lessees, which were obliged to close, who
represent 87% of our total gross rental income.
Strong liquidity position as at 30 June 2020, €16 million of
unused credit facilities available.
Limited debt ratio of 31.6% as at 30 June 2020.
Decrease in EPRA earnings in the first semester of 2020, €1.09
per share (€1.45 for the first semester of 2019) due to the
COVID-19 crisis.
Occupancy rate has increased with 1.7% during the second quarter
to 97.5% compared to 31 March 2020 (98.8% as at 31 December
2019).
Management’s focus in 2020 primarily on timely collection of
rents and maintaining the high occupancy rate for the
portfolio.
Decrease in the fair value of the existing real estate portfolio
by 3.9% in the first semester of 2020 mainly because of the
outbreak of COVID-19.
Full press release:
- VRB-Halfjaarverslag-2020-ENG
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