Vastned Belgium: Half-year report for the first semester of 2024
July 23 2024 - 12:00PM
UK Regulatory
Vastned Belgium: Half-year report for the first semester of 2024
The first semester of 2024 became a period of
significant strategic changes
- On 16 May 2024 Vastned Retail and Vastned Belgium announced
their intention to proceed with a reverse cross-border legal merger
in which Vastned Retail will merge with and into Vastned Belgium
(reverse cross-border legal merger).
- Vastned Belgium will grant and pay an interim dividend of €
2.30 per share in November 2024.
- Vastned Belgium will grant an additional dividend of € 1.00 per
share to pre-merger shareholders. The additional dividend itself
will be paid in January 2025.
- EPRA earnings of € 1.32 per share for the first semester of
2024.
- Increase in the fair value of the real estate portfolio (0.3%)
compared to the previous financial year.
- High occupancy rate of 98.9% highlights the quality of the real
estate portfolio.
- € 42.6 million of unused credit facilities available for
use.
- A low debt ratio of 26.6% provides solid protection for
2024.
Full press release:
- Half-year report for the first semester of 2024
Vastned Retail Belgium Nv (LSE:0ET5)
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