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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Summit Properties Limited | LSE:SMTP | London | Ordinary Share | GG00BJ4FZW09 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.60 | 0.45 | 0.75 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMSMTP
RNS Number : 5380A
Summit Properties Limited
30 May 2019
This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.
Summit Properties Limited
(the "Company")
Q1 2019 Unaudited Key Performance Indicators
Summit Properties Limited, the AIM-listed German commercial property investment company, is pleased to announce its unaudited key performance indicators for the three months ended 31 March 2019:
Profits
-- Net profit of EUR10.2 million (Q1 2018: EUR7.3 million, FY 2018: EUR289.6 million)
-- Profit Before Tax (PBT) of EUR11.3 million (Q1 2018: EUR8.5 million, FY 2018: EUR334.2 million)
-- EBITDA of EUR15.5 million (Q1 2018: EUR11.3 million, FY 2018: EUR345.4 million) -- Gross profit of EUR20.5 million (Q1 2018: EUR14.6 million, FY 2018: EUR64.8 million)
NAV
-- EPRA NAV of EUR880.2 million (FY 2018: EUR866.0 million) -- Group's NAV of EUR791.5 million (FY 2018: EUR782.0 million) -- NAV and EPRA NAV per share of EUR1.73/EUR1.92 (FY 2018: EUR1.68/EUR1.89)
Rent
-- Rental income increased 27.7% to EUR20.3 million (Q1 2018: EUR15.9 million, FY 2018: EUR67.4 million)
-- Funds From Operations (FFO) 42.6% up to EUR14.4 million (Q1 2018: EUR10.1 million, FY 2018: EUR44.3 million), including profit of EUR1.6 million from residential development
Portfolio
-- Total Assets of EUR1.5 billion (FY 2018: EUR1.5 billion)
-- Revaluation expense of EUR1.2 million (Q1 2018: EUR1.3 million expense, FY 2018: EUR297.5 million profit)
-- 91% occupancy over the portfolio's majority (89% including properties for re-development)
-- New leases and renewals for approximately 46,000 sqm securing rental income of ca. EUR4.2 million p.a.
For further information please contact:
Summit Properties Limited Tel: +44 (0) 1481 700 300 Zohar Levy - Managing Director Itay Barlev (Braun) - Finance Director Non-Executive Chairman Tel: +44 (0) 20 7451 7050 Harry Hyman Carey, Company Secretary Tel: +44 (0) 1481 700 300 Chris Le Page / Nikolett Mezei Liberum Capital Limited, Nominated Adviser Tel: +44 (0) 20 3100 2222 and Joint Broker Chris Clarke / Gillian Martin / Owen Matthews Cenkos Securities, Joint Broker Tel: +44 (0) 20 7397 8900 Mark Connelly Russell Kerr / Selwyn Jones (Broking)
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
May 30, 2019 02:00 ET (06:00 GMT)
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