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Corio's direct result of € 262.0 m in line with outlook


February 13, 2013 - London

FMP HIGHLIGHTS FOR 2012
(Comparative figures for 2011 results in brackets, unless stated otherwise)

· Net rental income FMP up 5.9% at € 342.5 m (€ 323.3 m).
· Like-for-like net rental growth FMP portfolio flat.
· FMP footfall and retail sales stable.
· Re-letting and renewals up 0.4% for FMP.
· Portfolio value FMP down by 2.8% or € 142.2 m.

OVERALL RETAIL HIGHLIGHTS FOR 2012
· Net rental income retail up 2.3% at € 422.2 m (€ 412.9 m).
· Like-for-like net rental growth portfolio 0.6% negative.
· Footfall and retail sales slightly down.
· Re-letting and renewals flat.
· Portfolio value down by 3.4% or € 218.5 m.

FINANCIAL HIGHLIGHTS FOR 2012
· Average interest rate in Q4 2012 improved to 3.7% (Q3 2012 3.9%).
· Direct result decreased 1.9% to € 262.0 m (€ 267.0 m).
· Direct result per share decreased 4.8% to € 2.77 (€ 2.91).
· Disposals: € 329 m sold and transferred.
· Corio will propose a dividend of € 2.76 per share for 2012.

EVENTS AFTER REPORTING DATE
· Oosterheem in Zoetermeer was taken into operation on 2 January 2013 (€ 39.5 m).
· As part of the closing of the Multi deal on 15 January 2013, Corio took over Boulevard Berlin for € 366.0 m at a net initial yield of 6.0%.

Press release



This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

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(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Corio NV via Thomson Reuters ONE

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