Earnings Release • Oct 17, 2016
Earnings Release
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PRESS RELEASE 17/10/2016
Aalst, 17th October 2016, Montea (MONT) today celebrated ten years on the stock exchange with an "opening bell ceremony" at which the Montea team opened the Brussels stock exchange this morning.
"In the 10 years that we have been listed on the stock exchange in Brussels and Paris, we have experienced the market at both its highs and its lows. But Belgian investors have always supported our succession of capital increases, which has given us the opportunity to record a sustained story of growth. We thank our shareholders for their confidence." Jo De Wolf, CEO Montea.
In the past decade a lot of attention has been paid to the optimization of the property portfolio. Today, this results in a high quality portfolio that is focused on the future. "We strongly believe in the potential of the logistics property market, e.g. due to the growing importance of e-commerce in our economy. So it is no coincidence that today we are announcing sustained growth in the portfolio, at the rate of at least € 100 million per year. For 2017 and 2018 there are already € 130,000,000 of new projects in the pipeline. We are also committing ourselves to continuing our success story with a growth in EPS (earnings per share) of 5 per cent per year, plus an increase in the annual dividend of 3 per cent over the next three financial years" adds Jo De Wolf.
Montea Comm. VA is a public property investment company (PPIC – SIIC) under Belgian law, specialising in logistical property in Belgium, the Netherlands and France. The company is a leading player on this market. Montea literally offers its customers room to grow by providing versatile, innovative property solutions. This enables Montea to create value for its shareholders. In 2015 Montea was the first Belgian real estate investor to receive on 8th May 2015 the Lean & Green Star in recognition for showing that CO2 emissions have been effectively reduced by 26% in the Belgian portfolio. As at 30/06/2016, Montea's portfolio of property represented total floor space of 852.238 m² spread across 49 locations. Montea Comm. VA has been listed on NYSE Euronext Brussels (MONT) and Paris (MONTP) since 2006.
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