Summary
             

  • Strategy focus on two asset classes, retail and offices, and three countries, Luxembourg, Belgium and Austria:
    • Strengthening of the position in Austria and in retail with two acquisitions in Vienna
    • Complete divestment of Swiss retail portfolio and
    • Finalizing divestment of 65% of logistics portfolio in Belgium.

  • The outlook for 2017 is confirmed by the figures realized on 30/09 (vs 30/09/16)
    • Stable rental income of € 42.1 million compared to € 42.2 million (-0.2%)
    • The EPRA Earnings*[1] on 30/09 have slightly decreased to € 22 million or € 4.46 per share (-4.1%)
    • The net result has risen from € 25.6 million to € 29.7 million or € 6.01 per share (+16%)
    • Redevelopments in Belgium and Luxembourg remain on schedule.
Press release attached (PDF)

[1] Alternative Performance Measures (APM) in the sense of the ESMA directive of 5 October 2015 in this press release are indicated with an asterisk (*) and are further explained in the annexes to this press release.

2017 11 17 LRE Q3 2017_ENG


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Source: Leasinvest Real Estate Comm. VA via Globenewswire