Corio presenta numeri in linea con le previsioni

(Corio’s direct result of € 262.0 m in line with outlook )
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%.
Gerard Groener, CEO Corio:
«From the very start 2012 promised to be a challenging year. Except for Germany, consumer spending was down in all of our markets. With less disposable income due to austerity measures or a tendency to save more because of growing uncertainty about the future, people are spending less than in previous years. Looking forward into the near future, 2013 will, without doubt, once again bring very challenging market circumstances. For Corio 2013 is a transition year in which the execution of our strategy will have our primary focus. That is why we will focus in 2013 on:
– Improving occupancy rate.
– Increase efficiency
– Next phase in disposal programme.
– Roll out FMP strategy
We will make important steps towards creating a higher quality, stronger portfolio and, consequently, increase shareholder value».
Source : Company