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Vastned Belgium: Interim statement of the Board of Directors for the first quarter of 2021

Vastned Retail Belgium
·1-min read

  • High stable collection rate (98.2%) of rental income during the first quarter of 2021.

  • Occupancy rate during the first quarter (96.8%) increased by 0.6% compared to 31 December 2020.

  • A further decrease in the debt ratio (-1.1%) compared to 31 December 2020, bringing the debt ratio to 27.4%.

  • € 36.7 million of unused credit facilities available.

  • Decrease in the fair value of the existing real estate portfolio(-1.5%) compared to 31 December 2020.

  • Management focus in 2021 mainly on the timely collection of rental income and maintaining a strong occupancy rate.

  • Appointment of Reinier Walta as strategic CEO.

  • Appointment of Sven Bosman as effective leader within the meaning of Article 14 section 3 of the RREC Act.

Full press release:

Attachment