Eurocommercial Properties Nv · EURONEXT:ECMPA
Eurocommercial Properties Nv — H1 2018/2019 Earnings Presentation
6 slides from Eurocommercial Properties Nv's earnings presentation, February 2019
Slide 1: First Half 2018/2019 results
First Half 2018/2019 results
Slide 2: First half 2018/2019 highlights
2 First half 2018/2019 highlights INCOME First half 2018/19 First half 2017/18 Net property income +4.4% €87.2 million €83.5 million Direct investment result +3.4% €58.5 million €56.5 million per depositary receipt €1.18 €1.16 VALUATIONS Property valuations (6 months) -0.5% Belgium -0.3%; France -1.
Slide 3: Operational highlights
3 OPERATIONAL HIGHLIGHTS Like-for-like rental growth +1.5% France +0.2%; Italy +1.7%; Sweden +3.3% Relettings and renewals +9.6% France +7.7%; Italy +11.3%; Sweden +7.4% Retail sales (12 months) France -2.8%; Italy +1.0%; Sweden +0.7% Average occupancy cost ratio 8.4% France 9.0%; Italy 8.2%; Sweden
Slide 4: Business highlights
BUSINESS HIGHLIGHTS • Agreements to purchase balance of Woluwe shopping centre • Sale of Les Allées de Cormeilles retail park completed for €49.9 million. • Several major new lettings in France, Italy and Sweden. Eurocommercial Properties N.V. 4
Slide 5: Eurocommercial shop rent sustainability and vacancies 2007-2018
5 Eurocommercial shop rent sustainability and vacancies 2007-2018 Vacancy rate Jun-07 Jun-08 Jun-09 Jun-10 Jun-11 Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 Expected rental value (ERV) as a percentage of total retail minimum guaranteed rent (MFR) - excluding hypers and cinema France 0.4% 1.0%
Slide 6: Highly-experienced investor, clear business model, balanced portfolio
Highly-experienced Clear business Balanced portfolio of investor model high-quality assets Listed on Euronext Buy, manage and develop Shopping centres, city galleries and retail since 1991. well-located and resilient retail properties parks in major European economies. in prosperous markets. Well-es
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