Vastned Belgium: Strong operational results in a volatile market environment with rising interest rates
• EPRA earnings of € 2.81 per share for financial year 2023, compared to € 2.59 per share for the previous financial year.
• Refinancing of the existing credit lines was completed in the fourth quarter of 2023.
• Almost fully let portfolio (occupancy rate of 99.9%) underlines the quality of the real estate portfolio.
• A low debt ratio of 25.3% provides solid protection.
• € 32.2 million of unused credit facilities available.
• Stable value of the real estate portfolio (-0.4%) compared to the previous financial year.
• Proposed gross dividend of € 2.30 per share for financial year 2023 (previous financial year: € 2.25 per share). This corresponds to a gross dividend yield of 7.5% based on the 31 December 2023 closing price of € 30.80 per share.
Full press release:
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