DGAP-News: Wereldhave /
Half-year results 2014
25.07.2014 / 07:50
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Schiphol, the Netherlands, 2014-07-25 07:50 CEST (GLOBE NEWSWIRE) --
Summary
For the first half of 2014, Wereldhave posted a net profit of [Eur] 10.3m (H1
2013:
[Eur] 18.6m). The direct result remained nearly unchanged at [Eur] 42.6m, per
share [Eur]
1.73 (H1 2013: [Eur] 1.76). Acquisitions, lower interest and general costs and a
strong like-for-like (LFL) rental growth compensated for the disposals in 2013.
The value of the portfolio remained fairly stable overall, the negative
indirect result of [Eur] 32.3m was largely impacted by the transfer costs of the
newly acquired properties and refinancing costs.
The LFL rental growth for the entire portfolio came out strong at 3.2%, with an
even higher 3.7% for the shopping centre portfolio, which is 230 bps above
indexation (target 140 bps). Occupancy of the shopping centre portfolio is at
98.5%, 50 bps above target. General costs for the first half-year are in line
with the forecasted [Eur] 14m for the full year 2014.
Wereldhave raises the target for 2014 for the LFL rental growth of the shopping
centre portfolio from 140 bps to 200bps above indexation. For the full year
2014, Wereldhave expects a direct result between [Eur] 3.35 and [Eur] 3.45 per
share.
Information for the press:
Richard W. Beentjes
E richard.beentjes@wereldhave.com
T + 31 20 702 78 33
Information for analysts:
Jaap-Jan Fit
E jaapjan.fit@wereldhave.com
T + 31 20 702 78 43
Click on, or paste the following link into your web browser, to view the
associated documents
https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmen
tId=481577
News Source: NASDAQ OMX
End of Corporate News
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Language: English
Company: Wereldhave
Netherlands
End of News DGAP News-Service
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279339 25.07.2014
DGAP-News: Half-year results 2014
| Source: EQS Group AG