Intervest Offices & Warehouses: Interim statement by the board of directors for the first quarter of 2016

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 

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Source: Intervest Offices & Warehouses NV via GlobeNewswire

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