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Intervest Offices & Warehouses: Interim statement of the board of directors as at 30 September 2014 for the third quarter of financial year 2014


October 28, 2014 - London

7 % of the lease contracts of the logistic portfolio are prolonged prematurely in the third quarter of 2014 for an annual rental volume of approximately € 1,3 million.

Slight increase in rental income by 0,5 % in first nine months of 2014 compared to the first nine months of 2013.

Nearly stable occupancy rate: 85 % (86 % on 31 December 2013).

Operating distributable result per share in first nine months of 2014: € 1,15 (€ 1,26 in first nine months of 2013).

Decrease in fair value of the real estate portfolio for the first nine months of 2014 by 0,8 %.

Debt ratio: 49,0 %.

Optimisation of expiry date spread of credit facilities through refinancing of 20 % of the credit facilities (€ 59 million).

Expected gross dividend for financial year 2014: between € 1,37 and € 1,42 per share (€ 1,53 for financial year 2013) or a gross dividend yield of approximately 6,5 % based on closing share price of 30 September 2014 (€ 21,49).

Change of status into a regulated real estate company (RREC) approved by the general meeting of shareholders on 27 October 2014. 

Please click on the link for the entire press release:

Press release



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Intervest Offices & Warehouses NV via Globenewswire

HUG#1866157

GlobeNewswire

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