Wereldhave N.V.: Results H1 2021
Key items
- Major step in phasing out France: sold four out of six French assets for € 305m
- Benelux disposal program finalized, Koningshoek sold above book value
- LTV down to 46% - pro-forma for four asset French disposal 42%
- Dutch valuations stabilizing for the first time in nine valuation rounds
- As a result of disposals, outlook 2021 direct result now at € 1.75 - 1.85 per share
- Outlook direct result 2022 reiterated at € 1.40 - € 1.50 per share; to be followed by 4 - 6% annual growth
- Dividend guidance 2021 minimum € 1.00 per share
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