Vastned Belgium: Strong operational results in a volatile market environment with rising interest rates

    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:

Attachment

• Annual results 2023