AI assistant
Vitura — Earnings Release 2015
Apr 16, 2015
1756_iss_2015-04-16_b942a2cb-d31c-4aee-82f4-23ece1309e97.pdf
Earnings Release
Open in viewerOpens in your device viewer
Paris, April 16, 2015 – 8:00 a.m. Quarterly financial information
Cegereal – Success of Arcs de Seine
• Portfolio value (+5%)
Supported by the return of institutional investors on quality office segment in the Greater Paris, the portfolio value increased by 5% leading the company value up to €40.6 per share, at the end of March 2015.
| in millions of euros, as at March 31st, 2015 | Q1 2015 | Q1 2014 | % |
|---|---|---|---|
| IFRS rental income 1Q15 | 10.7 | 11.0 | -2.7% |
| Portfolio value (replacement value) | 946 | 901 | +5.0% |
| In euros per share, as at March 31st, 2015 | |||
| EPRA NNNAV | 36.0 | 34.1 | +5.6% |
| NAV per share | 40.6 | 38.0 | +6.8% |
| Stock price | 29.5 | 24.4 | +20.9% |
| Dividend | 1.65 | 1.50 | +10.0% |
• Increase in occupancy rate up to 91%
In January 2015, Cegereal signed two new leases in Arcs de Seine for a period of 6 years on 2,800 sqm. with Amgen and 1,400 sqm. with Exclusive Networks. The marketing of the site was achieved with the signing of a lease with Boursorama on 1,400 sq.m.
As of April 1, 2015, Arcs de Seine is fully leased with a weighted average residual duration of leases above 6 years.
The global occupancy rate of the portfolio rose from 88.6% to 90.9% year on year.
• Dividends to be distributed in 2015: €1.65 per share
During the Annual Meeting on April 15, 2015, the shareholders approved the annual accounts and the distribution of €1.65 in dividends per share in 2015, to be paid on July 16, 2015.
• Agenda
| April 27-28, 2015 | Participation to European Smallcap Event, in Paris |
|---|---|
| July 14, 2015 | Ex-dividend date |
| July 16, 2015 | Payment of the 2014 dividend |
| July 24, 2015 | First-half 2015 results |
| October 22, 2015 Quarterly financial information as of October 31st, 2015 |
For further information, please contact:
Investor Relations Media relations
Raphaël Tréguier / +33 (0)1 42 25 76 36 / Aliénor Miens / +33 (0)1 53 32 84 77 / [email protected] [email protected]
About Cegereal
Created in 2006, Cegereal is a commercial property company that invests in prime office properties in Greater Paris. The portfolio's appraisal value is estimated by independent valuers DTZ Eurexi at €946 million as of March 31, 2015 (replacement value).
To date, the company is the first French property company with a fully certified portfolio from an environmental point of view (HQE and BREEAM 'Very Good') and benefits from the Green Star rating in the international benchmark GRESB.
Cegereal is a REIT listed on Euronext Paris since 2006, in compartment B, with a market capitalization totaled €400 million as of March 31, 2015
The annual results presentation and video can be viewed on the Company's website: www.cegereal.com.