Our portfolio is composed of retail properties on the outskirts of urban areas in Belgium, France and Spain, characterised by a predominance of the food sector.
Portfolio growth
| Consolidated results (€000s) | 31/03/2024 | 31/03/2023 |
|---|---|---|
| Rental income | 26,349 | 25,066 |
| Rental related charges | -76 | -155 |
| Recovery of property charges | 438 | 469 |
| Rental related charges and taxes not recovered | -159 | -44 |
| Other revenue and rental related charges | -110 | 176 |
| Property Result | 26,441 | 25,511 |
| Property charges | -2,303 | -2,312 |
| Corporate overheads | -2,434 | -2,326 |
| Other operating income and charges | 12 | 1 |
| Operating result before result on portfolio | 21,715 | 20,875 |
| Operating margin | 82,4% | 83,3% |
| Financial income | 3 | 0 |
| Net interest charges | -3,221 | -2,889 |
| Other financial charges | -357 | -332 |
| Taxes | -189 | -174 |
| EPRA Earnings | 17,952 | 17,480 |
| Result on sales of investment properties | 1 | 0 |
| Change in the fair value of investment properties | -1,898 | 7,438 |
| Change in fair value of financial assets and liabilities | -10,517 | -2,413 |
| Deffered tax | 194 | -266 |
| NET RESULT | 5,731 | 22,238 |
| EPRA Earnings per share (€) | 2.72 | 2.65 |
| Net result per share (€) | 0.87 | 3.37 |
| Number of shares | 6,595,985 | 6,595,985 |
| Consolidated balance sheet (€000s) | 31/03/2024 | 30/09/2023 |
|---|---|---|
| Assets | 775,759 | 786,469 |
| Intangible assets | 428 | 236 |
| Investment properties | 738,627 | 740,856 |
| Other tangible assets | 448 | 49 |
| Non-current financial assets | 21,144 | 30,670 |
| Current financial assets | 966 | 867 |
| Trade receivables | 2,675 | 5,556 |
| Cash and cash equivalents | 3,151 | 5,423 |
| Other current assets | 8,320 | 2,811 |
| Equity and liabilities | 775,759 | 786,469 |
| Equity | 423,134 | 444,763 |
| Non-current financial debts | 225,362 | 262,670 |
| Other non-current liabilities | 4,014 | 2,806 |
| Deferred taxes liabilities | 6,085 | 6,085 |
| Current financial debts | 103,090 | 57,829 |
| Other current liabilities | 14,074 | 12,316 |
| Liabilities | 352,624 | 341,706 |
| IFRS NAV (€/share) | 64.15 | 67.43 |
| EPRA NTA (€/share) | 61.88 | 63.59 |
| Debt ratio (in accordance with the Royal Decree) | 44.9% | 44.0% |
| EPRA LTV | 44.8% | 43.4% |
| Consolidated result per share (EUROS) | 31/03/2024 | 31/03/2023 |
|---|---|---|
| EPRA earnings | 2.72 | 2.65 |
| Net result per share | 0.87 | 3;37 |