DGAP-News: Wereldhave /
Results 2013
06.02.2014 / 07:29
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Schiphol, the Netherlands, 2014-02-06 07:29 CET (GLOBE NEWSWIRE) --
After the completion of the first strategic or 'Derisk' phase by mid-2013,
Wereldhave is well on track with the Regroup phase of its strategy. For the
year 2013, Wereldhave posted a net profit of [Eur] 50.0m (2012: [Eur] -87.1m).
The
disposal of properties caused a decrease of the direct result to [Eur] 81.3m
(2012:
[Eur] 93.8m), but general costs decreased significantly and overall
like-for-like
rental growth from continued operations was 2.7% positive. The indirect result
was [Eur] -31.3m, but [Eur] -20.9m of this amount did not impact NAV. EPRA NAV
slightly
decreased to [Eur] 64.99 per share at year-end 2013 (2012: [Eur] 66.33) and the
LTV as
per December 31, 2013 decreased to 27.4% (2012: 43.6%).
Wereldhave's operational performance was above target. Like-for-like rental
growth of the core retail portfolio for the year 2013 is 160 bps above
indexation, 35 bps above target. At 98.4%, occupancy of the core retail
portfolio was 40 bps above the targeted 98% and general costs dropped to [Eur]
14.5m (target 2013: < [Eur] 16m).
At the Annual General Meeting of Shareholders, to be held on April 25, 2014, a
cash dividend will be proposed of [Eur] 3.30 per share.
Information for 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=458593
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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251310 06.02.2014
DGAP-News: Results 2013
| Source: EQS Group AG