PR Newswire/Les Echos/
CFI-Compagnie Foncière Internationale
French Société Anonyme (limited liability company) with a capital of
EUR25,626,720
Registered offices: 72, Rue du Faubourg Saint Honoré, 75008 Paris
Paris Company Registry No. 542 033 295
Financial year: 1 January to 31 December 2010
FINANCIAL INFORMATION FOR THE QUARTER ENDED 30 SEPTEMBER 2010
CONSOLIDATED FIGURES (excluding VAT, in thousands of euros)
Cumulative
From From
1 Jan. 2010 1 Jan. 2009
3rd Quarter 3rd Quarter to to
2010 2009 30 Sept. 2010 30 Sept. 2009
Revenues
of which
- Rental income 3,505 3,208 10,049 8,092(1)
- Management fees 30 27 85 69(1)
- Miscellaneous 2 2
Total 3,537 3,235 10,136 8,161
(1) Period from 13/02 to 30/09/2009
Revenues during the quarter consisted mainly of rental income and, to a lesser
extent, management fees, in relation to the portfolio of thirteen cinema
properties let to UGC Ciné Cité which was acquired by CFICompagnie Foncière
Internationale in 2009-2010.
Rental income for the third quarter amounted to EUR 3,505 thousands i.e a
297,000 euros increase compared with the 3rd quarter 2009.This increase is due
to the change in the portfolio perimeter following the acquisition of the UGC
Bordeaux cinema property completed at the end of June 2010 and to the +2%
contractual rental indexation with effect from 1st January 2010.
We note that this indexation, which provides downside protection in the current
rental market, will again be applied on 1 January 2011, after which the ILC
(commercial rental index) will apply.
The other key drivers determining consolidated results for the third quarter
were not meaningfully different from those in the previous quarter. The next
property appraisal valuation, together with any potential resulting changes in
fair value, will not take place until next 31 December.
The same applies to the balance sheet structure as measured by the usual
financial ratios; for more details please refer to the information published on
the Company's website www.cfi-france.com
Investor Relations: contact@cfi-france.com
Tel. (33) 1 40 07 81 03
72, rue du Faubourg Saint-Honoré 75008 Paris / Tél. 01 40 07 81 03 /
Fax. 01 40 07 85 12 / www.cfi-france.com
Société Anonyme au capital de 25 625 720 euros - 542 033 295 R.C.S /
FR 45 542 292
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