Retail Estates sa
ISIN: BE0003720340 | Ticker: RET | LEI: 5493007CO5W5OBFG7L21
Country: Belgium
Retail Estates invests mainly in retail properties located on the periphery of residential areas or along access roads to urban centres.
In conformity with the law, Retail Estates, as an regulated real estate company (Belgian REIT), is subject to specific regulations such as risk diversification, payment of a minimum distribution of the operational results and restriction of liabilities. Respecting these regulations, the company enjoys a special tax regime that consists of an almost complete exemption from corporate tax. Because of this special statute, the amount available for appropriation is higher in comparison with other real estate companies. As a Belgian REIT, Retail Estates nv disposes over additional trumps such as a diversification of the portfolio, and has an unlimited statutory period of establishment.
1988
Served areaBelgium
HeadquartersIndustrielaan 6, 1740 Ternat, Vlaams-Brabant – Belgium
| Line item in (eur) | 01.04.2019 | 01.04.2020 | 01.04.2021 | 01.04.2022 | 01.04.2023 |
|---|---|---|---|---|---|
| Assets | N/A | 1,785,136,000.00 | 1,763,008,000.00 | 1,812,228,000.00 | N/A |
| Noncurrent Assets | N/A | 1,672,128,000.00 | 1,728,673,000.00 | 1,792,078,000.00 | N/A |
| Property Plant And Equipment | N/A | 6,545,000.00 | 6,426,000.00 | N/A | N/A |
| Investment Property | N/A | 1,661,753,000.00 | 1,717,245,000.00 | 1,759,879,000.00 | N/A |
| Intangible Assets Other Than Goodwill | N/A | 1,142,000.00 | 1,553,000.00 | 4,030,000.00 | N/A |
| Investment Accounted For Using Equity Method | N/A | N/A | N/A | 1,740,000.00 | N/A |
| Noncurrent Receivables Due From Related Parties | N/A | N/A | N/A | 5,000,000.00 | 5,000,000.00 |
| Deferred Tax Assets | N/A | 1,653,000.00 | 2,413,000.00 | 1,402,000.00 | N/A |
| Other Noncurrent Nonfinancial Assets | N/A | N/A | 6,426,000.00 | 6,440,000.00 | N/A |
| Noncurrent Derivative Financial Assets | N/A | N/A | N/A | 11,120,000.00 | 55,315,000.00 |
| Noncurrent Finance Lease Receivables | N/A | 1,030,000.00 | 1,030,000.00 | 1,030,000.00 | 1,030,000.00 |
| Other Noncurrent Assets | N/A | 5,000.00 | 5,000.00 | 1,437,000.00 | 27,000.00 |
| Current Assets | N/A | 113,008,000.00 | 34,335,000.00 | 20,151,000.00 | N/A |
| Current Trade Receivables | N/A | 5,686,000.00 | 6,837,000.00 | 2,067,000.00 | 11,442,000.00 |
| Cash and cash equivalents | 3,161,000.00 | 98,082,000.00 | 3,681,000.00 | 1,483,000.00 | 4,128,000.00 |
| Noncurrent Assets Or Disposal Groups Classified As Held For Sale | N/A | 1,791,000.00 | 7,931,000.00 | 11,807,000.00 | 8,561,000.00 |
| Equity And Liabilities | N/A | 1,785,136,000.00 | 1,763,008,000.00 | 1,812,228,000.00 | N/A |
| Equity | 707,926,000.00 | 798,988,000.00 | 808,223,000.00 | 920,980,000.00 | N/A |
| Issued Capital | N/A | 275,768,000.00 | 276,526,000.00 | 289,179,000.00 | N/A |
| Retained Earnings Profit Loss For Reporting Period | N/A | N/A | N/A | 131,837,000.00 | 180,621,000.00 |
| Share Premium | N/A | 315,410,000.00 | 316,792,000.00 | 339,798,000.00 | N/A |
| Equity Attributable To Owners Of Parent | N/A | 798,987,000.00 | 808,223,000.00 | 920,980,000.00 | N/A |
| Liabilities | N/A | 986,149,000.00 | 954,785,000.00 | 891,248,000.00 | N/A |
| Noncurrent Liabilities | N/A | 833,751,000.00 | 790,333,000.00 | 764,789,000.00 | N/A |
| Deferred Tax Liabilities | N/A | N/A | 0.00 | 807,000.00 | N/A |
| Other Noncurrent Financial Liabilities | N/A | 28,957,000.00 | 25,216,000.00 | 0.00 | N/A |
| Noncurrent Portion Of Noncurrent Loans Received | N/A | 642,707,000.00 | 587,324,000.00 | 584,594,000.00 | 609,967,000.00 |
| Noncurrent Portion Of Noncurrent Bonds Issued | N/A | 159,217,000.00 | 175,087,000.00 | 175,229,000.00 | 175,400,000.00 |
| Current Liabilities | N/A | 152,399,000.00 | 164,452,000.00 | 126,459,000.00 | N/A |
| Trade And Other Current Payables | N/A | 15,385,000.00 | 24,352,000.00 | 17,787,000.00 | N/A |
| Current Accruals And Current Deferred Income Including Current Contract Liabilities | N/A | N/A | N/A | 5,171,000.00 | 17,895,000.00 |
| Other Current Payables | N/A | 14,426,000.00 | 23,953,000.00 | 17,396,000.00 | 24,018,000.00 |
| Other Current Liabilities | N/A | 815,000.00 | 705,000.00 | 1,771,000.00 | 1,612,000.00 |
| Current Loans Received And Current Portion Of Noncurrent Loans Received | N/A | 126,993,000.00 | 99,683,000.00 | 101,730,000.00 | 51,464,000.00 |
| Current Bonds Issued And Current Portion Of Noncurrent Bonds Issued | N/A | 0.00 | 29,997,000.00 | 0.00 | 0.00 |
| Line item in (eur) | 01.04.2019/ 01.04.2020 |
01.04.2020/ 01.04.2021 |
01.04.2021/ 01.04.2022 |
01.04.2022/ 01.04.2023 |
|---|---|---|---|---|
| Profit Loss From Operating Activities | 86,675,000.00 | 81,592,000.00 | 119,026,000.00 | N/A |
| Finance Income | 55,000.00 | 232,000.00 | 248,000.00 | N/A |
| Finance Costs | 19,275,000.00 | 20,592,000.00 | 18,485,000.00 | N/A |
| Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method | N/A | 0.00 | -10,000.00 | N/A |
| Profit Loss Before Tax | 61,142,000.00 | 63,835,000.00 | 135,174,000.00 | N/A |
| Income Tax Expense Continuing Operations | 3,044,000.00 | 2,399,000.00 | 3,337,000.00 | N/A |
| Profit (loss) | 58,098,000.00 | 61,436,000.00 | 131,837,000.00 | 181,436,000.00 |
| Profit Loss Attributable To Owners Of Parent | 58,098,000.00 | 61,436,000.00 | 131,837,000.00 | N/A |
| Line item in (eur) | 01.04.2019 | 01.04.2020 | 01.04.2021 | 01.04.2022 | 01.04.2023 |
|---|---|---|---|---|---|
| Profit (loss) | N/A | 58,098,000.00 | 61,436,000.00 | 131,837,000.00 | 181,436,000.00 |
| Adjustments For Depreciation And Amortisation Expense | N/A | 364,000.00 | 407,000.00 | 707,000.00 | N/A |
| Adjustments For Fair Value Gains Losses | N/A | 5,975,000.00 | -2,508,000.00 | -34,261,000.00 | N/A |
| Interest Paid Classified As Operating Activities | N/A | 18,053,000.00 | 19,141,000.00 | 17,625,000.00 | N/A |
| Interest Received Classified As Operating Activities | N/A | 50,000.00 | 50,000.00 | 50,000.00 | N/A |
| Other Inflows Outflows Of Cash Classified As Operating Activities | N/A | 708,000.00 | 1,815,000.00 | -2,000.00 | N/A |
| Cash Flows From Used In Operating Activities | N/A | 53,419,000.00 | 62,320,000.00 | 81,170,000.00 | N/A |
| Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | N/A | 0.00 | 0.00 | N/A | N/A |
| Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | N/A | 2,344,000.00 | 2,250,000.00 | 0.00 | N/A |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | N/A | 27,000.00 | 64,000.00 | 56,000.00 | N/A |
| Purchase Of Property Plant And Equipment Classified As Investing Activities | N/A | 4,056,000.00 | 266,000.00 | 566,000.00 | N/A |
| Purchase Of Intangible Assets Classified As Investing Activities | N/A | 1,071,000.00 | 497,000.00 | 2,688,000.00 | N/A |
| Proceeds From Other Longterm Assets Classified As Investing Activities | N/A | 0.00 | 0.00 | 0.00 | N/A |
| Purchase Of Other Longterm Assets Classified As Investing Activities | N/A | N/A | N/A | 5,605,000.00 | N/A |
| Cash Flows From Used In Investing Activities | N/A | -73,484,000.00 | -66,412,000.00 | 2,965,000.00 | N/A |
| Proceeds From Issuing Shares | N/A | 0.00 | 0.00 | N/A | N/A |
| Proceeds From Borrowings Classified As Financing Activities | N/A | 262,623,000.00 | 153,250,000.00 | 113,800,000.00 | N/A |
| Repayments Of Borrowings Classified As Financing Activities | N/A | 122,756,000.00 | 189,943,000.00 | 144,483,000.00 | N/A |
| Dividends Paid Classified As Financing Activities | N/A | 25,482,000.00 | 53,396,000.00 | 56,996,000.00 | N/A |
| Other Inflows Outflows Of Cash Classified As Financing Activities | N/A | -1,065,000.00 | 0.00 | N/A | N/A |
| Cash Flows From Used In Financing Activities | N/A | 114,986,000.00 | -90,310,000.00 | -86,333,000.00 | N/A |
| Cash and cash equivalents | 3,161,000.00 | 98,082,000.00 | 3,681,000.00 | 1,483,000.00 | 4,128,000.00 |
Please note that some sums might not add up.
| Date | Trading entity / Person | Association | Trade type | Volume |
|---|---|---|---|---|
| 13.06.22 | Borghgraef Paul | Board | Buy | EUR 6,322.56 |
| 10.06.22 | Borghgraef Paul | Board | Buy | EUR 14,693.58 |
BE0003720340
LEI5493007CO5W5OBFG7L21
SectorEquity Real Estate Investment Trusts (REITs)
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