Wereldhave Trading update Q1 2024

Get Started

Share Name	Share Symbol	Market	Type
Wereldhave NV	TG:WER	Tradegate	Ordinary Share

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.70	5.16%	14.26	14.18	14.22	14.30	13.62	13.62	2,027	10:28:49

Wereldhave NV (TG:WER)
Historical Stock Chart

From Apr 2024 to Jul 2024

Wereldhave Trading update Q1 2024

Full Service Center footfall continues to power ahead: 10% above Q1 2023
Retail sales +5%, well above inflation
Polarizing leasing market in the Benelux with several expanding formulas but also some bankruptcies
Leasing spreads in the Netherlands moving into positive territory
Rent collection >97% underpinning tenant quality
LTV improved to 41.5% due to positive Belgian revaluations (ERV driven) and targeted CAPEX
Update on short-term strategic focus: rotating capital out of the Netherlands to further reduce LTV
Full Service Center Sterrenburg awarded with the 2024 Kern annual development award
Forecast FY 2024 DRPS € 1.75 reiterated

Attachment