DGAP-News: Wereldhave / Half-year results 2014 25.07.2014 / 07:50 --------------------------------------------------------------------- Schiphol, the Netherlands, 2014-07-25 07:50 CEST (GLOBE NEWSWIRE) -- Summary For the first half of 2014, Wereldhave posted a net profit of [Eur] 10.3m (H1 2013: [Eur] 18.6m). The direct result remained nearly unchanged at [Eur] 42.6m, per share [Eur] 1.73 (H1 2013: [Eur] 1.76). Acquisitions, lower interest and general costs and a strong like-for-like (LFL) rental growth compensated for the disposals in 2013. The value of the portfolio remained fairly stable overall, the negative indirect result of [Eur] 32.3m was largely impacted by the transfer costs of the newly acquired properties and refinancing costs. The LFL rental growth for the entire portfolio came out strong at 3.2%, with an even higher 3.7% for the shopping centre portfolio, which is 230 bps above indexation (target 140 bps). Occupancy of the shopping centre portfolio is at 98.5%, 50 bps above target. General costs for the first half-year are in line with the forecasted [Eur] 14m for the full year 2014. Wereldhave raises the target for 2014 for the LFL rental growth of the shopping centre portfolio from 140 bps to 200bps above indexation. For the full year 2014, Wereldhave expects a direct result between [Eur] 3.35 and [Eur] 3.45 per share. Information for the press: Richard W. Beentjes E richard.beentjes@wereldhave.com T + 31 20 702 78 33 Information for analysts: Jaap-Jan Fit E jaapjan.fit@wereldhave.com T + 31 20 702 78 43 Click on, or paste the following link into your web browser, to view the associated documents https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmen tId=481577 News Source: NASDAQ OMX End of Corporate News --------------------------------------------------------------------- 25.07.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Wereldhave Netherlands End of News DGAP News-Service --------------------------------------------------------------------- 279339 25.07.2014
DGAP-News: Half-year results 2014
| Source: EQS Group AG