Announcement of solid growth over the next three years, based on reorientation in the offices portfolio and the further expansion of logistics properties
Portfolio reshuffle started through divestment of 5 buildings in the Brussels periphery
Ratio of 51% of logistics properties and 49% office buildings as at 31 March 2016
Occupancy rate rose to 91% as at 31 March 2016; 96% for the logistics portfolio, 86% for the offices portfolio
New leases and extensions in the logistics portfolio for 7% of the annual rental income of this segment
The fair value of the real estate portfolio was almost stable in the first quarter of 2016
Operating distributable result per share: € 0,46 in the first quarter of 2016 (€ 0,56 in the first quarter of 2015)
Without taking into account the 2015 one-time refurbishment fee, the operating distributable result rose from € 0,41 for the first quarter of 2015 to € 0,46 for the first quarter of 2016 (€ 0,05 per share or approximately 12%)
Average interest rate of the financing: 3,1% in the first quarter of 2016 (4,0% in the first quarter of 2015)
Debt ratio: 48,0% as at 31 March 2016
Renewed shareholder structure and management entities
Full press release