First half of good account for Leasinvest

Leasinvest achieved a good first half year with a stable occupancy rate and an Epra result of more than 5%. The dividend is maintained.

The SIR Leasinvest

, specialized in "retail" and offices in three countries (Belgium, Luxembourg and Austria), released in the first half rental income in a very slight decrease, to 27,858 million euros against 28,084 million in the first half of 2017. Rental income in line with the first half of 2017, the SIR assesses in its statement. By actionThis gives a net rental result of 5.64 euros against 5.69 in the same period a year ago.

The result Epra (underlying) increased by 5.3% to 13.968 million euros, or 2.83 euros per share compared to 2.69 in the first half of last year.

From his side, the fair value of the real estate portfolio increased to 921,836 million euros compared to 902,994 million on 31 December 2017. As far as the occupancy rateit stands at 94.44%, stable compared to the end of 2017 when it was 94.80%.

Finally, the net result amounted to € 19.7 million compared to € 15.6 million a year earlier.

"Leasinvest produces half-year figures that meet expectations. The Treesquare redevelopments in the CBD Brussels (BE) and the expansion of the Frun® Park in Asten (AT) have been successfully completed and the rental meets the expectations"said Michel Van Geyte, CEO.

The dividend will be maintained "at least the same level"than in 2017.

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