Corio N.V.
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Publicatie datum
22 mrt 2007 - 22:17
Statutaire naam
Corio N.V.
Titel
Corio's net profit over 2006 increases with 8.8%
Bericht
2006 highlights
(comparative figures for 2005 in brackets, unless otherwise stated)
• The direct result amounted to € 197.7 million (€ 201.4 million) or € 2.98 per share (€ 3.04). The financing cost and one-off management costs increased more than the 5.8% growth in net rental income.
• ‘Like-for-like’ net rental growth for 2006 was 4.7% (2.7%) for the total portfolio including a 1.8%-point positive impact of an office lease buy-out. The ‘like-for-like’ net rental growth for the retail portfolio was 3.3% (3.8%).
• The occupancy rate for the whole portfolio remained more or less the same at 96.0% (96.1%), while vacant space available for letting fell to 2.5% (3.7%).
• Positive revaluation result on the portfolio of € 475.9 million (€ 425.3 million); an increase in value of 10.0%.
• The indirect result was € 443.0 million (€ 387.7 million) or € 6.69 per share (€ 5.85).
• Increase in net profit (the direct and indirect result) of 8.8% to € 640.7 million (€ 589.1 million) or € 9.67 per share (€ 8.89).
• Triple NAV (NNNAV) rose by 19.7% in 2006 to € 50.60 per share at year-end (€ 42.26).
• The property portfolio increased by 20.2% to € 5.5 billion at year-end (€ 4.5 billion).
• 81% (79%) of the portfolio is invested in retail at year-end; a strategic milestone has thereby been achieved.
• The FVP-pipeline (fixed, variable and potential pipeline) increased to € 2.1 billion at year-end (€ 1.7 billion) to be delivered over the years 2007 – 2014. In Turkey good progress was recorded regarding the acquisition of, or participation in, a number of projects, and these have therefore been included in the variable pipeline.
• Leverage was 35.8% at year-end (35.1%). Adjustments to the financing mix were made, the proportion of loans at fixed rates having fallen from 56% at end-2005 to 47% at end-2006; financing operations carried out recently (after the balance sheet date) have brought this percentage to 67%.
• Proposed dividend of € 2.53 per share in cash (€ 2.45).
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Datum laatste update: 03 september 2024