Resilience portfolio, strong balance sheet structure and 'hands-on' organisation to cope with the Covid-19 context.
Confirmation of strong balance sheet structure (reduction of the Loan-To-Value ratio from 29.3% on 31 December 2019 to 28.9% on 30 June 2020).
Decrease in net result from core activities per share from € 3.08 per 30 June 2019 to € 2.18 per 30 June 2020;
Decrease of the fair value of the investment properties portfolio by 3.6%;
Stability of the EPRA occupancy rate of the shopping centres from 96.3% as per 31 December 2019 to 96.0% as per 30 June 2020;
Strong outperformance of visitor numbers compared to the market, both before and after mandatory store closures.
A telephone line will be open this Friday 17/07/2020 at 09:30 am to comment on these results and answer any questions.
The access codes are listed below:
Access number: +32(0)27460055 or 080055746
Participant PIN : 53071289#