Intervest Offices & Warehouses : Half-yearly financial report of the board of directors for the period 01.01.2014 to 30.06.2014

Intervest Offices & Warehouses knows an active first semester in 2014:

Prolongation of lease agreements for 16 % of the total annual rental income of the property investment fund, among which those with three important tenants (HP Belgium, Nike Europe and CEVA Logistics).

Occupancy rate: 85 % on 30 June 2014; the occupancy rate of the office portfolio has increased in the first semester of 2014 by 1 % to 83 %, the one of the logistic portfolio amounts to 90 % on 30 June 2014.

Turn-key solutions: realisation of 2.700 m² for Cochlear at Mechelen Campus in progress.

Sale of a non-strategic building (0,5 % of the real estate portfolio).

Decrease in fair value of the existing real estate portfolio by 0,4 %.

Operating distributable result per share: € 0,78 in the first semester of 2014 (€ 0,85 in the first semester of 2013).

Successful private placement of bonds for € 60 million with a term of 5 and 7 years.

Optional dividend: 42,75 % of the shareholders has chosen for shares.

Debt ratio: 49,8 %.

Pay-out ratio of dividend of 90 %.

Expected gross dividend 2014 between € 1,33 and € 1,42 per share (€ 1,53 for financial year 2013).

For the entire half-yearly financial report 2014, please click on the pdf:

Press release

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Source: Intervest Offices & Warehouses NV via Globenewswire

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