Corio's direct result of â‚¬ 262.0 m in line with outlook
FMP HIGHLIGHTS FOR 2012
(Comparative figures for 2011 results in brackets, unless stated otherwise)
Â· Net rental income FMP up 5.9% at â‚¬ 342.5 m (â‚¬ 323.3 m).
Â· Like-for-like net rental growth FMP portfolio flat.
Â· FMP footfall and retail sales stable.
Â· Re-letting and renewals up 0.4% for FMP.
Â· Portfolio value FMP down by 2.8% or â‚¬ 142.2 m.
OVERALL RETAIL HIGHLIGHTS FOR 2012
Â· Net rental income retail up 2.3% at â‚¬ 422.2 m (â‚¬ 412.9 m).
Â· Like-for-like net rental growth portfolio 0.6% negative.
Â· Footfall and retail sales slightly down.
Â· Re-letting and renewals flat.
Â· Portfolio value down by 3.4% or â‚¬ 218.5 m.
FINANCIAL HIGHLIGHTS FOR 2012
Â· Average interest rate in Q4 2012 improved to 3.7% (Q3 2012 3.9%).
Â· Direct result decreased 1.9% to â‚¬ 262.0 m (â‚¬ 267.0 m).
Â· Direct result per share decreased 4.8% to â‚¬ 2.77 (â‚¬ 2.91).
Â· Disposals: â‚¬ 329 m sold and transferred.
Â· Corio will propose a dividend of â‚¬ 2.76 per share for 2012.
EVENTS AFTER REPORTING DATE
Â· Oosterheem in Zoetermeer was taken into operation on 2 January 2013 (â‚¬ 39.5
Â· As part of the closing of the Multi deal on 15 January 2013, Corio took over
Boulevard Berlin for â‚¬Â 366.0 m at a net initial yield of 6.0%.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Corio NV via Thomson Reuters ONE