2017 Annual Results. 12 March la foncière parisienne
|
|
- Millicent Ami Francis
- 5 years ago
- Views:
Transcription
1 2017 Annual Results 12 March 2018
2 Content I. Introduction II. Portfolio III. Rental business IV. Financial results V. Outlook 2
3 2017 key figures EPRA liquidation NAV Rental income strategic assets (Offices in Paris CBD) Revalued Portfolio % of assets within Paris LTV Ratio 2017 Dividend * /share ( %) 60.5 m (+6.2 %) 2,090 m (+7.5 %) 98 % (+3 pts) 36 % (-3 pts) 0.81 /share (+2.5 %) * To be approved by the General Meeting of Shareholders on 4 May
4 Content I. Introduction II. Portfolio III. Rental business IV. Financial results V. Outlook 4
5 2017: a new year of strong growth of portfolio Portfolio: % In million l.f.l basis: +7.8 % ,090 1,944 1,939 Refocusing strategy on Prime Parisian Offices End of 2016 Acquisitions + Capex Disposals (value 2016) End of 2017 before revaluations Revaluations End of
6 Renewed compression of yields in 2017 Sq.m. Value excl. duties m 2017 Rental income m Yield / Value /sq.m Offices in Paris 143,600 1, % o/w Paris CBD 117,536 1, % 3.8 % 3.7 % Residential 16, ,447 9,457 6
7 Acquisition in June 2017: building at 73 rue Ste Anne (Paris 2 e ) Offices building at 73 rue Ste Anne (Paris 2 e ) Rental area: 1,527 sq.m. Fully rented, multi-tenants 7
8 Acquisition in November 2017: 11 rue de Milan (Paris 9 e ) Mansion and offices at 11 rue de Milan (Paris 9 e ) Rental area: 2,431 sq.m. o/w 1,278 sq.m. of offices Haussmann-style complex of 990 sq.m. to be renovated, fully rented 288 sq.m. of offices, fully rented 8
9 Acquisition in November 2017: Offices on the Champs-Elysées Offices at avenue des Champs-Elysées (Paris 8 e ) Rental area: 200 sq.m. Fully rented 9
10 Acquisition in October 2017: Hotel walls at 15 rue de Montyon (Paris 9 e ) Hotel walls at 15 rue Montyon (Paris 9 e ) Rental area: 921 sq.m. Fully rented 10
11 Acquisition in December 2017: 5 avenue de Messine (Paris 8 e ) Offices building at 5 avenue de Messine (Paris 8 e ) Rental area: 2,277 sq.m. Fully rented 11
12 Continuation of sales of non strategic assets for an amount of 88 million 2017 disposals: 88.1 m Net book gain: 34 m Residential in Paris 2017 disposals: 31,2 m Average price: /sq.m. Net book gain: 18,6 m Offices in Ile-de-France and Regions 2017 disposals: 57,0 m Net book gain: 15,4 m 12
13 Concentration on Offices in Paris CBD 41 avenue de Friedland, 8 e Acquisition (incl. duties) in 2014: 75.1m Appraisal (excl. duties) at 31 Dec. 2017: 98.4m 11 bis rue Roquépine, 14 rue Cambacérès, 8 e Acquisition (incl. duties) in 2011: 34.8m Appraisal (excl. duties) at 31 Dec. 2017: 67.3 m 13
14 Concentration on Offices in Paris CBD boulevard Haussmann, Paris 9 e Acquisition (incl. duties) in 2013: 146.5m Appraisal (excl. duties) at 31 Dec. 2017: 250.1m 17 avenue George V, Paris 8 e Acquisition (incl. duties) in 2010: 40.3m Appraisal (excl. duties) at 31 Dec. 2017: 70.7m 14
15 Growth drivers In billion Increase over 7 years Bn 0.95 (0.37) 59% Revaluations 0.67 Disposals Reval. 41% Acquisitions less disposals Acquisitions End of 2010 End of
16 Focusing on Offices within Paris CBD on Offices vs Residential A continuing strategy of focusing the assets portfolio on Paris vs In-the-Country on Paris CBD vs Paris out of CBD % 98% 90% 82% 92% 78% 95% 92% 78% 78% 77% 88% 95% 92% 77% 1.1 Billion 2.1 Billion 1.1 Billion 2.1 Billion 0.9 Billion 1.7 Billion Basis 100 % total assets Basis 100 % total assets Basis 100 % Parisian Offices 16
17 Content I. Introduction II. Portfolio III. Rental business IV. Financial results V. Outlook 17
18 Rental revenues: million from strategic assets In million Strategic assets (Offices in Paris CBD) Non-strategic assets Acquisitions less disposals + 3.5m 1.6 Improvement of financial occupancy rate and others Total rental revenues - 1,9 M 3.5 Strategic assets (5.4) Non-strategic assets Offices and commercial - 4.9m (4.3) Residential Disposals (0.6) Lease Management (0.5)
19 2017 key indicators for strategic assets (excl. Commercial) % 560 Paris Paris CBD Paris Paris CBD Potential Paris CBD Source: Cushman Potential revenues ( m) Rental income ( /sq.m.) Source: BNP Real Estate at 31 December
20 Rental values on the rise 11 rue de Milan, 9 e Mansion: 1,200 sq.m. Signed lease 630/sq.m. BP lease 470/sq.m. vs + 34 % CNC Portfolio, 16 e 3 adresses: 7,700 sq.m. Expected lease 750/sq.m. BP lease 650 sq.m. vs + 15 % 20
21 Rental values on the rise 117/119, quai de Valmy, 10 e Plateau 1,000 sq.m. / Total area: 7,800 sq.m. Re-rental lease: 520/sq.m. Current lease: 337/sq.m % Recent locations 19 rue du Quatre Septembre, 2 e : + 16 % at 540/sq.m. 1 bis Cité Paradis : + 40 % at 520/sq.m. 1 Cité Paradis : + 55 % at 570/sq.m. 21
22 Secured strategic assets portfolio by a high number of leases Rental income from Offices in Paris Number of leases Average area / lease Paris excl. CBD Paris CBD 55.7m sq.m. 7.7m sq.m. 48.0m sq.m. Source: Offices leases in Paris 22
23 Significant improvement in EPRA vacancy rate Based on leasable portfolio 9.2 % 6.8 % 2.7 % 5.8 % 4.4 % 0.7 % Total portfolio Strategic assets Relocations: Rue Copernic Avenue de Friedland Boulevard Haussmann 23
24 2017 investments on portfolio Refurbishing and valuation works 21 % 7.6m 49 % Works related to disposals 15 % 15 % Works related to acquisitions Maintenance and repair (reinvoiced to tenants) 24
25 BREEAM certification policy of strategic assets Certifications at the end of 2017: Very Good ou Good 67% Certifications planned in % Target: 82 % of strategic assets being certified at the end of % 25
26 Content I. Introduction II. Portfolio III. Rental business IV. Financial results V. Outlook 26
27 EPRA Earnings (In million) Change % Rental income % Rental expenses incurred and others SG&A Other operating revenues and charges Financial result Taxes (0.8) (5.8) (0.9) (28.0) (0.8) (1.1) (5.3) (0.8) (28.8) (0.8) EPRA Earnings % 27
28 Net result (In million) Change % EPRA Earnings % Amortisation on investment properties Depreciation on investment properties Profit on disposals Fair value of financial instruments Termination costs of swaps (29.4) (0.6) (2.3) (29.7) (3.2) 31.8 (1.2) (4.4) Net result % 28
29 Renewed growth of EPRA liquidation NAV: % EPRA liquidation NAV /share % Two leverages for growth: Strategy of focusing on assets in Paris CBD Mechanical effect of the reimbursement of annually redeemable loans End of 2015 End of 2016 End of
30 Breakdown of NAV ( m) 31 December December 2016 Buildings 2,090 1,944 o/w Offices in Paris 1,890 1,677 o/w Offices in Ile-de-France and in the regions o/w Residential Net debt Others EPRA Liquidation NAV 1,312 1,157 Acquisition costs Replacement NAV 1,469 1,301 Number of shares (diluted, net of own control) 25,671,555 25,660,210 EPRA Liquidation NAV per share Replacement NAV per share
31 Solid LTV Ratio 1,944 million 2,090 million 761 million 39 % 749 million 36 % End of 2016 End of 2017 Revalued portfolio Net debt LTV ratio 31
32 Secured long term financing Breakdown of net financial debt at 31 December % 47 % 3 % 6 % 749 m 66 % (% based on gross financial debt) Corporate financing Credit line In fine Redeemable loans Optimisation of financing structure in m refinancing over 15 years (replacing an average maturity of 6 years) Credit line renewed for 3 years Average weighted cost of debt: 3.38 % Remaining life of 11 years Gross financial debt at 31 December 2017: maturities per year 100 m 50 m
33 A sustained growth policy for the dividend per share ,3 % (yearly average) % * Interim dividend Complement to total dividend * To be approved by General Meeting of Shareholders on 4 May
34 Content I. Introduction II. Portfolio III. Rental business IV. Financial results V. Outlook 34
35 Clear positioning of long-term and proactive investor 837 m of value created over (o/w 151 m in 2017) In million Continuous search for quality assets in Paris on strict criteria (multi-tenancy, occupancy rates, etc) Acquisitions on optimal conditions Valuation gain realized at the acquisition Value created as measured by experts revaluations 35
36 Secured Tertiary Portfolio 30% of Offices rental revenues made by Weight in % of the first tenant in Offices rental revenues Low and diluted tenant risk 5 tenants 10 tenants 9% 6.5% High number of leases Paris CBD Paris excl. CBD 186 leases av. 530 sq.m./lease 82 leases av. 298 sq.m./lease 268 leases Offices and Commercial: term of leases at 31 December 2017 Long term leases splitted over the time 20% 10%
37 Defensive and manoeuvrable postionning High capacity to resist to the compression of capitalisation rates OAT 10 years Market trends Prime rate, Paris CBD Optimal conditions of acquisitions over the years positionning TERREÏS above Market yields Source: BNP Paris Real Estate High potential of increase in rents Market average at relocation TERREÏS Paris CBD Average sq.m. rents in 2017 TERREÏS rents below Market average Good protection from an increase in interest rates Remaining life of debt: 11 years Fixed rate debt Remaining life above Market average 37
38 2018 Outlook Goal: keep focusing on Paris CBD TERREÏS will continue to seek investment opportunities which come available in the Parisian Offices prime sector Will pursue to optimize the resale of its Residential in Paris and Offices assets in Ile-de-Gfrance and in the regions in optimal conditions Net proceeds from disposals will be reinvested in Offices within Paris CBD 38
39 Still 200 million of assets to sell 200 million of assets to sell, or 10% of total portfolio Ile-de-France 32 million Residential 155 million or 198 apartments Regions 13 million Inner-Paris Tertiary Net proceeds from disposals to be reinvested in Offices within Paris CBD 39
40 TERREÏS Model key aspects Property investment company focused on Offices in Paris CBD with diluted tenant risk and high occupancy rates Strong capacity to create value from the moment of acquisition Optimal and inexpensive management conditions Good protection from a potential increase in interest rates Financing mainly through fixed rates mortgaged-redeemable loans Mechanical improvement of NAV through annual reimbursement of debt 40
41 NAV and net debt long term trends Liquidation NAV Net debt Time Everything being equal, the regular reimbursement of a mainly mortgagedredeemable debt mechanically improves NAV and mechanically reduces LTV ratio 41
42 Global value creation Gain on NAV / share (NAV N NAV N-1) in /share Dividend in /share Gain on NAV + dividend / NAV beginning of period 25.6 % 24.2 % 16.9 % 19.3 % 19.0 % 23.6 % 14.7 % 8.75 /sh 6.64 /sh 4.77 / sh 4.13 /sh 4, /sh 3,56 3, /sh 4, /sh 7,96 5,29 5, * * To be approved by General Meeting of Shareholders on 4 May
43 APPENDIX
44 Profit and loss account (1/2) In % In % of rental of rental (In million) 2017 income 2016 income Change % Rental income % % % Other revenues Reinvoiced charges Management and rental fees 2.5 (2.5) (0.8) 2.1 (2.5) (0.7) Net revenue income % % % Operating charges (6.2) (5.4) - EBITDA (57.8) 89.2 % % % Depreciation (30.0) (30.5) Current operating income % % % 44
45 Profit and loss account (2/2) (in million) Change % Current operating income % Margin on assets disposals Others (2.7) Operating income % Financial income Taxes (30.8) (0.8) (34.5) (0.8) Net income % Group share Minority interests Net income per share % 45
46 Consolidated balance sheet (In million) ASSETS Buidings Other non current assets Current assets Cash* Total Shareholders equity Non current liabilities o/w financial debt Current liabilities o/w financial liabilities Total
47 TERREÏS shareholding basis as of 31 December 2017 Individual shareholders o/w employees 56 % Ovalto 54 % Float 46 % 44 % Institutional shareholders (58 % France, 42 % International) Market Capitalisation at 2 March 2018: 1,02 Billion Float: 469 million 47
48 Disclaimer The present document contains projections and descriptions of TERREÏS future strategy, objectives and prospects. These projections and descriptions may be affected by known or unknown risks, uncertainty and other random factors that could ensure that TERREÏS future results, performance and achievements are significantly different from what is envisaged or suggested in the present document. These risks are described in the «Risks Factors» part of the Document de Référence registered with AMF on 11 April 2017 with the number D TERREÏS makes no commitment and extends no guarantee that it will fulfil or meet its future strategy, objectives and prospects. Unless the law states otherwise, TERREÏS makes no commitment to update or revise the projections and descriptions contained in the present document. The present document does not constitute in any way a solicitation to sell, buy or subscribe to TERREÏS shares. 48
2016 Annual Results. March 8, la foncière parisienne
2016 Annual Results March 8, 2017 Content I. Introduction II. Portfolio III. Rental business IV. Financial results V. Outlook 2 2016: key figures EPRA liquidation NAV Rental income Parisian Tertiary Revalued
More information2015 Annual Results. March 9, la foncière parisienne
2015 Annual Results March 9, 2016 Content I. Introduction II. Portfolio III. Rental business IV. Financial results V. Outlook 2 2015: key figures EPRA liquidation NAV Rental income Parisian Tertiary Revalued
More informationAutumn Presentation. la foncière parisienne
Autumn 2017 Presentation I. Background II. Portfolio centered on Paris Central Business District III. Key aspects of TERREÏS Model IV. H1 2017 Results 2 TERREÏS at a glance Property investment company
More information2014 Annual Results. 10 March la foncière parisienne
2014 Annual Results 10 March 2015 Content I. Introduction II. Portfolio III. Rental business IV. Financial results V. Outlook 2 2014: key figures Rental income Cash Flow before disposals Revalued portfolio
More information2011 first-half earnings
2011 first-half earnings Bernard Michel Non-executive chairman Christophe Clamageran Chief executive officer Gilles Bonnier Chief financial officer Paris, July 27, 2011 H1 2011 snapshot in mn June 30,
More information9M 2018 RESULTS 09 NOVEMBER 2018 TLG IMMOBILIEN AG 9M 2018 RESULTS
TLG IMMOBILIEN AG 9M 208 RESULTS DISCLAIMER This presentation includes statements, estimates, opinions and projections with respect to anticipated future performance of TLG IMMOBILIEN ("Forward-Looking
More informationH BUSINESS ACTIVITY AND REVENUE WEBCAST 21 JULY 2016
BUSINESS ACTIVITY AND REVENUE WEBCAST 21 JULY 2016 DISCLAIMER The information contained in this document has not been independently verified. No representation, warranty or undertaking, express or implied,
More information2018 HALF YEAR REPORT
2018 HALF YEAR REPORT CONTENTS 01 DECLARATION BY THE RESPONSIBLE PARTY 1 04 REPORT OF THE STATUTORY AUDITORS 25 Report of the Statutory Auditors on the half year financial information for 2018 26 02 KEY
More informationResults HALF-YEAR. Presentation of 30 August 2011
Results HALF-YEAR 2011 Presentation of 30 August 2011 1 Summary Affine Group Property portfolio Development of group companies Analysis of 1H11 accounts A robust financial model Affine on the stock market
More informationANNUAL RESULTS 2015 MARCH 22, 2016
ANNUAL RESULTS 2015 MARCH 22, 2016 01 OVERVIEW & INVESTMENT HIGHLIGHTS Overview ADO the pure-play Berlin residential specialist Investment highlights 1 2 3 4 Berlin residential pure play with a 1.5bn quality
More information2011 Half Year Results in line with forecast
Paris, July 22, 2011 2011 Half Year Results in line with forecast Net income (IFRS) of 5.2 million EPRA NAV up +10.5% over one year rolling CeGeREAL is a listed REIT specialising in the acquisition and
More informationUNAUDITED RESULTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2009
K-REIT ASIA THIRD QUARTER 2009 FINANCIAL STATEMENT ANNOUNCEMENT (Constituted in the Republic of Singapore pursuant to UNAUDITED RESULTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2009 TABLE
More informationPassy Kennedy Paris, France 104 Avenue du President Kennedy. September 2018
Passy Kennedy Paris, France 104 Avenue du President Kennedy September 2018 1 Surrounding Area The Property is located in a prominent position on the banks of the river Seine in the heart of the 16 th arrondissement
More informationJanuary December 2011 Results
January December 2011 Results 27 February 2012 Highlights 2011 ASSETS VALUATION As of December 2011, the total asset valuation (GAV) amounted to 4,286 million euro (-4.3% below Dec. 2010), based on market
More informationQ HIGHLIGHTS MEUR MEUR % MEUR MEUR 48.4 MEUR 94.8 MEUR % 1.87% +2.2% +1.9 PP +3.5% +73.8% + >100% +19.9% +81.
Q1-2 2018 HIGHLIGHTS STRENGTHENED OPERATING PERFORMANCE Occupancy rate 94.7% Rental income MEUR 119.0 Rental income lfl MEUR 98.2 +1.9 PP +3.5% +2.2% KPIs SIGNIFICANTLY IMPROVED Results of AM MEUR 94.8
More information2018 HALF YEAR 26 JULY 2018
2018 HALF YEAR RESULTS 26 JULY 2018 H1 2018 Another period of delivery Strong financial results and capital structure Disciplined capital allocation improving portfolio scale and quality, reducing risk
More informationHALF-YEAR 2018 RESULTS IR-PRESENTATION 30 AUGUST 2018
HALF-YEAR 2018 RESULTS IR-PRESENTATION 30 AUGUST 2018 1 Disclaimer This communication contains specific forward-looking statements, beliefs or opinions, including statements with respect to objectives,
More information2017 HALF YEAR 25 JULY 2017
2017 HALF YEAR RESULTS 25 JULY 2017 Strong financial results and robust balance sheet Driving performance through operational excellence and disciplined capital allocation High quality pipeline of growth
More informationInvestor presentation 9M 2012 results
Investor presentation 9M 2012 results Key results: stabilising in Q3 Direct result p/s: 3.05 (-17.6% yoy) Q3: + 0.01 vs Q2 Revaluation portfolio: -4.75% Q3: -0.25% NAV p/s: 63.72 (-12.9% yoy) Q3: +0.4%
More informationRecord Net Profit of 683m, +149%
Total Shareholder return of +21% Record Net Profit of 683m, +149% Net Asset Value of 8.60 per share, +19% vs previous year Colonial s portfolio EPRA vacancy of +4% (+1% in Barcelona) Gross rental income
More informationKempen conference. Amsterdam 30 May 2013
Kempen conference Amsterdam 30 May 2013 Company snapshot Description Dutch REIT: NSI is a real estate asset management company and qualifies as fiscal investment institution under Dutch law (REIT) Full
More informationDeutsche Wohnen SE.» 9M 2017 results. Conference Call, 14 November 2017
Deutsche Wohnen SE» 9M 2017 results Conference Call, 14 November 2017 1 » Agenda 1 Highlights 9M 2017 2 Portfolio 3 Financials 4 Appendix 2 » Highlights 9M 2017 Strong operating business L-f-l rental growth
More informationDISCLAIMER 2015 HALF-YEAR RESULTS
DISCLAIMER This presentation has been prepared for general information purposes only, as a complement to the informations already released by Altarea Cogedim, which the lectors are kindly invited to refer
More informationFINANCIAL RESULTS Q3 2018
FINANCIAL RESULTS Q3 2018 November 14, 2018 OVERVIEW & INVESTMENT HIGHLIGHTS Chapter 01 Kapitel Titel ADO THE PURE PLAY BERLIN RESIDENTIAL SPECIALIST Investment highlights 1 Berlin residential pure play
More informationCorporate. Presentation September 2017
Corporate www.larespana.com Presentation September 2017 Snapshot 2 First IPO of a Spanish REIT listed on the Spanish Stock Exchange Shareholder Structure Focused on creating both sustainable income and
More informationNext Generation Real Estate. HY 2008 Figures. Colonia Real Estate AG HY 2008 Figures 15 th of August 2008 Cologne
Next Generation Real Estate HY 2008 Figures Colonia Real Estate AG HY 2008 Figures 15 th of August 2008 Cologne Focused and Integrated Business Model Colonia Real Estate AG Investments Management Principal
More informationPORTFOLIO VALUE STRENGTHENED BY DYNAMIC ASSET MANAGEMENT
Paris, July 26, 2018 8:00 a.m. First-half 2018 results Regulated information PORTFOLIO VALUE STRENGTHENED BY DYNAMIC ASSET MANAGEMENT KEY INDICATORS In millions of euros First-half 2018 First-half 2017
More informationInvestor presentation H results
Investor presentation H1 2011 results Recent highlights New lettings in Belgian and US office portfolio. Occupancy rate improving Heads of terms agreed for hotel in Eilan-project: 20 yr fixed lease, operator
More informationS IMMO Annual results for April 2018
S IMMO Annual results for 2017 05 April 2018 We develop value Attractive properties & real values 1.2m m² space 6.1% Rental yield EUR 1,839,680,000 IFRS Property portfolio 94.8% 73% 27% Occupancy rate
More informationC e g e r e a l F i r s t h a l f r e s u l t s. First half 2013: Rental income up 19% to 21.7 million
Press release Paris, July 25, 2013 8.00am Regulated Information C e g e r e a l F i r s t h a l f r e s u l t s First half 2013: Rental income up 19% to 21.7 million Key indicators: Turnover: 27 million
More information13 th Kepler Cheuvreux German Corporate Conference Frankfurt, 22 January 2014 Rolf Buch, CEO
1 Syndicate Analyst Presentation May 2013 13 th Kepler Cheuvreux German Corporate Conference Frankfurt, 22 January 2014 Rolf Buch, CEO Deutsche Annington: Innovation leader based on a long-term vision,
More information2012 first-half earnings
2012 first-half earnings Bernard Michel Chairman and CEO Gilles Bonnier Chief financial officer Paris, July 24, 2012 H1 2012 Contents 1. MARKET ENVIRONMENT 2. OPERATING ACHIEVEMENTS & TARGETS 3. FINANCIAL
More information2015 ANNUAL RESULTS. Significant impact of recent acquisitions (Gentilly and Levallois buildings)
Paris, 15 March 2016, 8am 2015 ANNUAL RESULTS Marked increase in Group share of net profit to 5.4 million Significant impact of recent acquisitions (Gentilly and Levallois buildings) Continued growth in
More informationWelcome to Fabege s Interim Presentation for Jan June Christian Hermelin, CEO & President Fabege Åsa Bergström, Vice President & CFO Fabege
Welcome to Fabege s Interim Presentation for Jan June 2017 Christian Hermelin, CEO & President Fabege Åsa Bergström, Vice President & CFO Fabege CONDENSED INCOME STATEMENT SEKm Jan-June 2017 Jan-June
More informationContent. 01. Declaration by the responsible party Key figures Business Review... 04
HALF YEAR REPORT Content 01. Declaration by the responsible party... 01 02. Key figures...02 03. Business Review... 04 3.1. Historically active first half of the year: operational performances and amicable
More informationCITYCON CAPITAL MARKETS DAY 16 MAY 2017, ISO OMENA CFO, EERO SIHVONEN
STRONG FINANCING FUNDAMENTALS CITYCON CAPITAL MARKETS DAY 16 MAY 2017, ISO OMENA CFO, EERO SIHVONEN MAIN FINANCING TARGETS Loan to Value 40-45% 47.1% Average maturity of loan portfolio > 5 yrs 5.2 Debt
More informationH Results July H Results - Lar España Real Estate. July 27 th,
H1 2018 www.larespana.com Results July 2018 July 27 th, 2018 Agenda 01 02 03 04 05 H1 2018 Highlights Corporate Activity H1 2018 Financial Results Business Performance Closing Remarks 01 H1 2018 Highlights
More informationColonial Investor Day CORPORATE STRATEGY Mr. Pere Viñolas Chief Executive Officer. Paris 17/10/16
Colonial Investor Day CORPORATE STRATEGY Mr. Pere Viñolas Chief Executive Officer Paris 17/10/16 Disclaimer By accepting this presentation and/or by attending this presentation, you will be taken to have
More informationQ3 results November 2017
Q3 results 2017 28 November 2017 S IMMO Our process to value creation 1 Purchase Using market niches Opportunistic buying 2 Leveraging potential Convincing track record in property development 3 Sale Country
More informationNINE MONTHS FINANCIAL RESULTS NOVEMBER 19, 2015
NINE MONTHS FINANCIAL RESULTS NOVEMBER 19, 2015 01 ADO OVERVIEW AND INVESTMENT HIGHLIGHTS Overview ADO the pure play Berlin residential specialist Investment highlights 1 2 3 Berlin residential pure play
More informationConference Call 1st quarter 2018
Conference Call 1st quarter 2018 Dr. Rüdiger Mrotzek Hans Richard Schmitz Dr. Rüdiger Mrotzek Hans Richard Schmitz 25 April 2018 First quarter 2018 Highlights Berlin Positive operational business development
More informationBeni Stabili Siiq: Board approves results for H1 2011
Beni Stabili Siiq: Board approves results for H1 2011 Key Performance Indicators at 30 June 2011 Group net profit of 37.6m up 17% on 32.0m on H1 2010 Group recurring cash result 1 of 44.4m up on 23.8m
More informationUBS Global Real Estate CEO/CFO Conference. December 1/2, 2015
UBS Global Real Estate CEO/CFO Conference December 1/2, 2015 01 ADO OVERVIEW AND INVESTMENT HIGHLIGHTS Overview ADO the pure play Berlin residential specialist Investment highlights 1 2 3 Berlin residential
More informationCorporate Presentation
Corporate Presentation June 6, 2017 2017 NorthStar Realty Europe Corp. 1 Forward Looking Statements This presentation may contain certain forward-looking statements within the meaning of the Private Securities
More information0/0/0 255, 255, /60/ /221/221 30/60/ /153/ /177/ /217/47 116/222/ /204/ /62/152 0/159/147 M AY 17,
M AY 17, 2017 1 2 ADO THE PURE PLAY BERLIN RESIDENTIAL SPECIALIST Investment highlights 1 2 3 4 Berlin residential pure play with a 2.3bn quality portfolio Efficient, fully integrated and scalable platform
More informationTHREE MONTH FINANCIAL RESULTS 2016 MAY 19, 2016
THREE MONTH FINANCIAL RESULTS 20 MAY 19, 20 01 OVERVIEW & INVESTMENT HIGHLIGHTS Overview ADO the pure-play Berlin residential specialist Investment highlights Key portfolio metrics (end of Q1 20) 1 2 3
More informationQ1 Results Conference Call May 29, 2008
Q1 Results 2008 Conference Call May 29, 2008 Agenda Operational Update Financial Highlights Outlook 2 Agenda Operational Update Financial Highlights Outlook 3 Portfolio Overview Deutsche Wohnen Group Residential
More informationQ Results. Conference Call Dusseldorf, 30 April Rolf Buch, CEO Dr. A. Stefan Kirsten, CFO
Deutsche Annington Immobilien SE Q1 2014 Results Conference Call Dusseldorf, 30 April 2014 Rolf Buch, CEO Dr. A. Stefan Kirsten, CFO Deutsche Annington Immobilien SE 30.04.2014 Presenting today Rolf Buch
More informationHansteen. Full Year Results to 31 December Tilburg, Netherlands
Hansteen Full Year Results to 31 December 2016 Tilburg, Netherlands Contents Introduction Hansteen 2016 results Sale announcement Sale of German and Dutch Portfolio 2016 Annual Results 2016 Property Performance
More informationTRADING UPDATE. 15 May 2018 ATRIUM PROMENADA VISUALISATION WARSAW
TRADING UPDATE 15 May 2018 ATRIUM PROMENADA VISUALISATION WARSAW 1 FOCUS ON POLAND AND THE CZECH REPUBLIC STANDING INVESTMENT PORTFOLIO SPREAD* Atrium owns 38* properties, 0.9m sqm GLA and 2.5bn* market
More informationCPI PROPERTY GROUP first-time investment grade rating by Moody s, issuance of Eurobonds and initiation of large-scale refinancing operation
Press Release Luxembourg, 27 November 2017 CPI PROPERTY GROUP first-time investment grade rating by Moody s, issuance of Eurobonds and initiation of large-scale refinancing operation Capital markets and
More informationAmsterdam Schiphol 1 August Half-year results 2013
Amsterdam Schiphol 1 August 2013 Half-year results 2013 Introduction CFO Pieter Roozenboom Age 41 Nationality Dutch 2010 2013 CEO Merin (former Uni-Invest Holding) a.o. restructuring CMBS, equity and syndicated
More informationRental income of 347m (+23%) with a net profit of 525m
Total shareholder return of 19% Rental income of 347m (+23%) with a net profit of 525m Net Asset Value of 10.03 per share, +17% vs previous year Gross asset value of 11,348m, +22% vs previous year Gross
More informationSFL First-Half 2018 Results
PRESS RELEASE Paris, 26 July 2018 SFL First-Half 2018 Results Rental income: 96.1 million (up 4.9% like-for-like) EPRA earnings: 51.7 million (up 4.1%) Attributable net profit: 200.2 million Property portfolio
More informationFINANCIAL RESULTS Q2 2018
FINANCIAL RESULTS Q2 2018 August 15, 2018 OVERVIEW & INVESTMENT HIGHLIGHTS Chapter 01 Kapitel Titel ADO THE PURE PLAY BERLIN RESIDENTIAL SPECIALIST Investment highlights A focused residential portfolio(,4)
More informationINVESTOR PRESENTATION
INVESTOR PRESENTATION Table of Contents Introduction to SEGRO 3 Market drivers 10 High quality development pipeline 15 Balance sheet and financing 21 Operating performance 26 Portfolio overview 30 APP
More informationConference call presentation Q
Conference call presentation Q1 2018 2018 Content 2 I. TAG highlights Q1 2018 II. TAG financials Q1 2018 III. TAG portfolio Q1 2018 IV. TAG outlook FY 2018 V. Appendix 3 5 12 16 19 Portfolio details, vacancy
More informationImage. Analyst Meeting 21/07/2015 1
Image Analyst Meeting 21/07/2015 1 Contents Building a Solid Track Record Page 3 Case studies Page 14 Portfolio Page 20 Finance Page 24 Conclusion Page 33 2 Building a Solid Track Record 21 July 2015 3
More informationQuarterly Statement A S O F
Quarterly Statement AS OF KEY FACTS Q3 / 2017 T 1 Key facts RESULTS OF OPERATIONS Q3 2017 Q3 2016 + / % / bp 01.01. 01.01. 30.09.2016 Rental income million 134.7 131.9 2.1 398.4 381.3 4.5 Net rental and
More informationAcceleration of Development Pipeline 3-months 2018 Rents. Milan, 12 April 2018
Acceleration of Development Pipeline 3-months 2018 Rents Milan, 12 April 2018 3M 2018 CONFERENCE CALL SPEAKERS Alexei Dal Pastro General Manager Barbara Pivetta CFO 2 AGENDA > MARKET UPDATE PAGE 4 >3M
More informationGrowth, performance and roll-out of the strategy
Bezannes, 20 September 2018 8.00 am 2018 half-year results Growth, performance and roll-out of the strategy International development: acquisition of a prime asset in Spain Successful capital increase:
More informationPresentation DNB Oslo, September 20, 2018
Presentation DNB Oslo, September 20, 2018 Norwegian Property commercial property Prime long term focus Prime commercial properties in attractive locations Oslo CBD West Oslo Nydalen Focus going forward
More information16.1c c c
1 2016 Interim Result Highlights Successful delivery, ahead of PDS 2 Exceeded revised earnings guidance Six months to 31 Dec 15 Solid capital management 7.97c 7.65c $2.15 28.3% Earnings per unit Distribution
More informationColonial Investor Day CORPORATE STRATEGY Mr. Pere Viñolas Chief Executive Officer. Barcelona 17/10/17
Colonial Investor Day CORPORATE STRATEGY Mr. Pere Viñolas Chief Executive Officer Barcelona 17/10/17 Disclaimer By accepting this presentation and/or by attending this presentation, you will be taken to
More informationHALF-YEAR RESULTS. Presentationof 31 July 2014
HALF-YEAR RESULTS 2014 Presentationof 31 July 2014 AFFINE H1 2014 KEY TAKEAWAYS EPRA EARNINGS UP (+) Increase in gross rental income resulting from 100% integration of Bordeaux complex and logistics developments
More information12 th Annual General Meeting. + Vienna, 8 May 2013
12 th Annual General Meeting + Vienna, 8 May 2013 conwert is a fully integrated real estate company focusing on residential properties and apartment buildings in Germany and Austria. This focus is complemented
More information10th Annual General Meeting. Vienna, 20 May 2011
10th Annual General Meeting Vienna, 20 May 2011 Market overview and company development 2010 Earnings performance and balance sheet indicators 2010 Implementation of strategy Overview 1 st Quarter 2011
More informationPrime Office REIT-AG EXCELLENCE IN GERMAN REAL ESTATE. Roadshow FY 2011 results Zurich, London, Frankfurt, Brussels, Paris and Amsterdam April 2012
Prime Office REIT-AG EXCELLENCE IN GERMAN REAL ESTATE Roadshow FY 2011 results Zurich, London, Frankfurt, Brussels, Paris and Amsterdam April 2012 0 Disclaimer The statements contained herein may include
More informationUnibail opts for new SIIC tax regime Sharp rise in first-half 2003 results
TOUR ARIANE > 39-41 RUE CAMBON > CARRÉ SÉNART > CARROUSEL DU LOUVRE > CITÉ EUROPE > CITÉ DU RETIRO > ESPACE CHAMPERRET > CNIT > COEUR DÉFENSE > EURALILLE ESPACE 21-LES VILLAGES > QUAI OUEST > LES QUATRE
More informationCenturia Urban REIT 576 SWAN STREET, RICHMOND VIC
Centuria Urban REIT 576 SWAN STREET, RICHMOND VIC PAGE 01 01. 02. 03. 04. 05. Results Overview Porfolio Overview Capital Mangement Strategy & Guidance Appendices Results Overview Section 1 Results Overview
More informationJune 30, Bank Degroof 11/09/2009
Full Year Results June 30, 2009 Bank Degroof 11/09/2009 Table of contents Achievements Portfolio analysis Financial review Shares and shareholders Outlook Conclusion 2 Growth strategy in Belgium Unfurnished
More informationFinancial Results Q Kari Inkinen, President and CEO Erik Hjelt, CFO Pia Arrhenius, SVP, IR
Financial Results Q2 2009 Kari Inkinen, President and CEO Erik Hjelt, CFO Pia Arrhenius, SVP, IR Introduction Market review Business overview Financial overview Appendix 2 Overview of reporting segments
More information2017 Quarter 1 Financial Results. For the quarter ended 29 March 2017
2017 Quarter 1 Financial Results For the quarter ended 29 March 2017 Release: 25 May 2017 Disclaimer You must read the following before continuing This presentation has been prepared by Thame and London
More informationC e g e r e a l A n n u a l R e s u l t s 2013: A Year of Consolidation and Green Certifications
Paris, February 14, 2014 8:00 am Regulated Information C e g e r e a l A n n u a l R e s u l t s 2013: A Year of Consolidation and Green Certifications Key indicators: IFRS rental income: 43.3m (up 12.1%)
More informationSound rental growth. 1Q2017 Revenues. Milan, 3 rd May 2017
Sound rental growth 1Q2017 Revenues Milan, 3 rd May 2017 AGENDA > 3M 2017 ACTIVITY PAGE 3 > STRATEGY AND OUTLOOK PAGE 12 2 3M 2017 Activity 3 3M 2017 ACTIVITY STILL SUPPORTIVE MARKET ENVIRONMENT Milan
More informationS IMMO HY results August 2017
S IMMO HY results 2017 29 August 2017 Ongoing success in 2017 Excellent HY results following record year 2016 Net income for the period more than tripled compared to HY 2015 Financing result improved by
More informationMARKET RELEASE ARGOSY 2018 INTERIM RESULT FOR THE SIX MONTHS TO 30 SEPTEMBER November 2017
21 November 2017 MARKET RELEASE ARGOSY 2018 INTERIM RESULT FOR THE SIX MONTHS TO 30 SEPTEMBER 2017 Argosy will present the 2018 interim results via a teleconference and webcast at 10am today. Please visit
More informationBERLINSIDERS HALF YEAR FINANCIAL REPORT
2 0 1 7 BERLINSIDERS HALF YEAR FINANCIAL REPORT 2017 KEY FIGURES HALF YEAR FINANCIAL REPORT 2017 KEY FIGURES KEY BALANCE SHEET FIGURES In EUR thousand Jun 30, 2017 Dec 31, 2016 Fair value of properties
More informationINTERIM ANNOUNCEMENT Q1 2017
INTERIM ANNOUNCEMENT Q1 2017 KEY GROUP INDICATORS IN EUR THOUSAND 31/03/2017 31/03/2016 Change in % Income Statement Revenue 20,383 19,494 +4.6 Total operating revenue 20,422 19,531 +4.6 Changes in value
More informationBaden-Baden CONSOLIDATED FINANCIAL STATEMENTS
Baden-Baden CONSOLIDATED FINANCIAL STATEMENTS for the year ended December 31, 2016 Berlin CONTENT DECLARATION OF THE MEMBERS OF THE BOARD OF DIRECTORS 2-3 BOARD OF DIRECTORS REPORT 4-17 INDEPENDENT AUDITORS
More informationQ3 Financial Results. For the period ended 28 September 2016
Q3 Financial Results For the period ended 28 September 2016 Release: 22 November 2016 Disclaimer You must read the following before continuing This presentation has been prepared by Thame and London Limited,
More informationAmsterdam Schiphol 25 July Half-year results 2014
Amsterdam Schiphol 25 July 2014 Half-year results 2014 Highlights Financial performance H1 2014 H1 2013 Direct result per share 1.73 1.76 Indirect result per share (1.50) (1.15) EPRA NAV per share 62.48
More informationCONTENT. 01 Highlights. 02 Portfolio Performance. 03 Optimisation of Financing Structure. 04 FY 2017 Results. 05 Outlook FY
CONTENT 01 Highlights 02 Portfolio Performance 03 Optimisation of Financing Structure 04 FY 2017 Results 05 Outlook FY 2017 2 IMMOFINANZ RESTRUCTURING 5/2015 12/2017 Sale of logistics asset class - focus
More informationThird quarter results January-September November 2014
0 Third quarter results January-September 2014 13 November 2014 The Colonial Group obtained net attributable results of 563m, mainly due to the single extraordinary positive impact of 704m, for the deconsolidation
More informationS IMMO Q3 results November 2018
S IMMO Q3 results 2018 27 November 2018 We develop value Highlights Q3 2018 Gross profit exceeds previous year s level Earnings per share increased to EUR 1.20 Record FFO I (almost +30% compared to previous
More informationEurobank Properties REIC. Company Presentation September 2013
Eurobank Properties REIC Company Presentation September 2013 Company overview Largest Listed Investment Property Fund in Greece High quality property portfolio and remarkable tenant mix (Eurobank, Bancpost,
More informationAIMS AMP CAPITAL INDUSTRIAL REIT
AIMS AMP CAPITAL INDUSTRIAL REIT FY2013: 2 nd Quarter Ended 30 September 2012 Results Presentation 24 October 2012 Important Notice Disclaimer This Presentation is focused on comparing actual results for
More informationC e g e r e a l A n n u a l R e s u l t s 2015: A decisive year with NAV up 12.6% and the entrance of Northwood Investors
Paris, February 18, 2016 8:00 a.m. Regulated information C e g e r e a l A n n u a l R e s u l t s 2015: A decisive year with NAV up 12.6% and the entrance of Northwood Investors "2015 was a decisive year
More informationTABLE OF CONTENTS Page - INTRODUCTION 2 - SUMMARY OF KEPPEL REIT RESULTS 2. 1(a)(i) STATEMENT OF TOTAL RETURN AND DISTRIBUTION STATEMENT 3
KEPPEL REIT FULL YEAR 2018 FINANCIAL STATEMENTS ANNOUNCEMENT UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2018 TABLE OF CONTENTS Page - INTRODUCTION 2 - SUMMARY OF KEPPEL REIT RESULTS 2 1(a)(i) STATEMENT
More informationAustralian Unity Office Fund
Australian Unity Office Fund (ASX: AOF) 2018 Full Year Results Presentation 24 August 2018 Webcast: https://fnn.webex.com/fnn/onstage/g.php?mtid=e0f48b0535622fe807610ffb3ef1ac4ab Teleconference details:
More information2016 FINANCIAL YEAR RESULTS PRESENTATION
2016 FINANCIAL YEAR RESULTS PRESENTATION 22 August 2016 www.industriareit.com.au ASX CODE: IDR Agenda 01 Highlights and Investment Proposition 02 Financial results 03 Portfolio performance 04 Capital management
More informationFinancial Results Presentation. For the period ended 28 June 2017
Financial Results Presentation For the period ended 28 June 2017 Release: 22 August 2017 Disclaimer You must read the following before continuing This presentation has been prepared by Thame and London
More informationCPI PROPERTY GROUP reports financial information for the first quarter of 2018
Press Release Luxembourg, 31th May 2018 CPI PROPERTY GROUP reports financial information for the first quarter of 2018 CPI PROPERTY GROUP (hereinafter CPIPG, the Company or together with its subsidiaries
More informationSPREADING PARISIAN CHIC ACROSS THE WORLD. December, 2017
SPREADING PARISIAN CHIC ACROSS THE WORLD December, 2017 TODAY S TEAM Daniel Lalonde President & CEO Philippe Gautier CFO & Operations Director / 2 OUR INTERNATIONAL SUCCESS STORY #1 CREATION OF SANDRO
More informationFull-year guidance raised after good Q3 results PBT of EUR 51 mn in Q3/17 Results Q3/9M 2017 Media Briefing Call
Full-year guidance raised after good Q3 results PBT of EUR 51 mn in Q3/17 Results Q3/9M 2017 Media Briefing Call Andreas Arndt, CEO/CFO Unterschleissheim, 13 November 2017 Highlights Operating and financial
More informationHansteen. Half Year Results to 30 June Castrop-Rauxel, Germany
Hansteen Half Year Results to 30 June 2016 Castrop-Rauxel, Germany Introduction Hansteen - Pan European Real Estate Investment Trust (REIT) Pan European REIT Five countries Regional teams in 15 offices
More informationK-REIT ASIA THIRD QUARTER 2010 FINANCIAL STATEMENT ANNOUNCEMENT
K-REIT ASIA THIRD QUARTER 2010 FINANCIAL STATEMENT ANNOUNCEMENT (Constituted in the Republic of Singapore pursuant to UNAUDITED RESULTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2010 TABLE OF CONTENTS Page
More informationAppendix 1. London Economy: Jobs growth. Central London office potential completions 1. Headline office rents. Great Portland Estates. Growth.
23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Great Portland Estates Appendix 1 London Economy: Jobs growth 6 55 5 Growth Decline 45 4 35 Dec 8 Employment intentions Dec 9 Dec 1 Dec 11 Dec 12
More information2010 FULL YEAR UNAUDITED FINANCIAL STATEMENT AND DISTRIBUTION ANNOUNCEMENT
2010 FULL YEAR UNAUDITED FINANCIAL STATEMENT AND TABLE OF CONTENTS Item No. Description Page No. - Summary of CCT GROUP Results 2 - Introduction 3 1(a) Statement of Total Return & Distribution Statement
More informationHALF-YEAR FINANCIAL STATEMENTS 2014
Société anonyme (public limited company) with capital of 31,269,580 Euros Registered office: 20-22 rue de la Ville l Evêque - 75008 PARIS 572 182 269 RCS PARIS HALF-YEAR FINANCIAL STATEMENTS 2014 I - INTERIM
More information