Strong financial results:

▪  Net current result (excluding IAS 39 impact) – Group share*: 4.69 EUR per share (compared to 4.96 EUR at 30.09.2015) – Impact of some non-recurring items (-0.25 EUR/share) and the increase in the number of shares entitled to share in the results (-0.34 EUR/share)
▪  Result on the portfolio*: 1.43 EUR per share (compared to -0.42 EUR at 30.09.2015)
▪  Net result – Group share: 3.47 EUR per share (compared to 3.90 EUR at 30.09.2015)

Resilient operating indicators:
▪  Stable occupancy rate: 95.0 %
▪  Particularly long residual lease length: 10.2 years
▪  Gross rental revenues up by 0.6 % over the past 12 months (+0.8 % on a like-for-like basis*)
▪  Portfolio value up by 6.4 % over the past nine months (+0.9 % on a like-for-like basis): positive revaluation of healthcare assets
▪  Resilient EPRA Net Asset Value*: 94.20 EUR per share (93.34 EUR at 31.12.2015)

Continued investment programme:
▪  Acquisition of a portfolio of four office buildings in Brussels for 57.9 million EUR
▪  Acquisition of a nursing and care home in Germany for 9.1 million EUR1
▪  Acquisition of a medical office building in the Netherlands for 4.5 million EUR
▪  Realised investments since the capital increase of May 2015: 252 million EUR, of which 138 million EUR in healthcare real estate and 108 million EUR in offices

Optimisation of financing conditions and significant investment capacity:
▪  Buyback of convertible bonds maturing in 2018 and issue of new convertible bonds maturing in 2021
▪  Average cost of debt*: 2.5 % (2.9 % in 2015)
▪  Average debt maturity: 4.7 years (5.3 years at 31.12.2015)
▪  Debt ratio: 42.8 % (38.6 % at 31.12.2015)

Events after 30.09.2016:
▪  Private placement of bonds for 70 million EUR
▪  Restructuring of interest rate hedging instruments in order to optimise the future cost of debt

De Beleggersgids Redactie
De Beleggersgids Redactie

De Beleggersgids redactie schrijft over beleggen, investeren in vastgoed, geld en alternatieve vormen van investeringen. Nieuws, opinies, informatie en veel meer.

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