20160226-EN-Presentation_FY15-SFAF


2015

FULL-YEAR RESULTS


PRESENTATION 26 FEBRUARY 2016


2015 Key takeaways NET OPERATING PROFIT RISES SHARPLY TO €23.2M NET PROFIT AT BREAK-EVEN

(+) Significant increase in fair value, up €3.8m

(+) Cost of debt down to 2.5%

(+) €2.2m drop in corporate expenses (-) 10.7% drop in gross rental income

(-) Highly negative contribution from Banimmo (-€16.5m)

EPRA EARNINGS DOWN TO €13.3M CLEAR IMPROVEMENT IN LTV RATIO AT 46.6% (-2.7 POINTS) CHANGE IN PORTFOLIO

€39.0m acquisitions and works

€94.7m disposals

EPRA NAV PER SHARE: €21.6 DIVIDEND OF €1.0 PER SHARE(*)

(*) Will be submitted to the vote at the General Shareholders' Meeting of

28 April 2016



INVESTMENTS AND

DISPOSALS



€42m of investments and €95m of disposals


€30m: Acquisitions

€12m: Development & Refurbishment


Toulouse - Amarantes 2:

€7.7m

Lyon - Tangram


Lille

Paris - Réaumur


Nevers


€95m: Disposals


Clichy:

€7.9m



Chaville:

€14,7m

Lyon - Rhodanien:

€9.9m


Paris - Réaumur:

€5.5m

Portefeuille logistique:

€67.3m

Affine RE SA issued this content on 26 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 February 2016 10:41:02 UTC