Rotterdam,
14
August
2013
|
00:00
Europe/Amsterdam

Interim report 2013

Taco de Groot, Vastned CEO
Over the past few months we have made clear steps towards a solid property portfolio consisting of at least 65% high street shops.
Taco de Groot, Vastned CEO

Vastned makes clear progress on High Street Shop Strategy roll-out under difficult market circumstances

Summary

Vastned, the listed European retail property investment fund focusing on high street shops, today announces its results for the first half year of 2013. The direct investment result was € 29.3 million, or € 1.54 per share. 

Key points HY1 2013 (in brackets: HY1 2012)– Successful acquisitions and divestments improve portfolio profile

-  Ratio of high street shops increased from 52% to 60%

-  Balance sheet improved further, loan-to-value improved to 41.5% (44.9%)

-  Direct investment result HY1 2013 € 29.3 million (€ 31.6 million)

-  Indirect investment result HY1 2013 € 30.1 million negative (€ 44.0 million negative)

-  Interim dividend € 0.92 per share (€ 1.01)

-  Expected dividend FY 2013 € 2.55 per share (FY 2012: € 2.55)