Signing of new leases or renegotiations for a total surface of 13,410 sqm.
Decrease of net rental income nearly exclusively attributable to the sale of rented assets in 2011 and 2012.
Finalisation of three sales generating a consolidated net capital gain of € 6,706K, below announced objectives.
Important investment activity with a new construction or renovation potential of 70,000 sqm reflecting an increase of 39% of the future sellable surface. Those acquisitions do not generate an immediate rental income.
The impact of the temporary value changes on the real estate portfolio amounts to € 257K, on the hedging instruments € -2,011K and on the result of the companies accounted by the equity method € -2,092K.
The operational result remains almost stable at € 14.65 million versus € 15.06 million in 2011. The net current result is also almost stable at € 6.46 million versus € 6.97 million in 2011.
Unchanged dividend at 0,27 € per share.
The intrinsic net value amounts to € 15.08 per share versus € 14.52 in 2011 (+4%).
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