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Leasinvest Real Estate SA: Half-year financial report 2021

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Highlights first half-year 2021

For the first half-year of the financial year 2021 we record the following key data:

  • Foreseen business combination with Extensa approved during extraordinary general meeting of 19 July 2021 turning Leasinvest into a mixed real estate investor-developer as of that date
  • The EPRA earnings*rise from € 13.1 million end H1 2020 to € 15.6 million (or € 2.64 per share vs € 2.21 per share end H1 2020)
  • The net result amounts to € 28.0 million (€ 4.72 per share) end H1 2021 (vs € -30.7 million or € -5.18 per share end H1 2020)
  • The funding cost decreases again to 2.09% (end 2020: 2.35%)
  • The occupancy rate increases to 92.57% (end 2020: 91.62%)
  • Important leases in Belgium and Luxembourg: full pre-lease of the office project Monteco in the CBD of Brussels and new rental contracts in Mercator-High 5 and in shopping center Pommerloch in Luxembourg

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