Tour Eiffel: consolidated net income to reach 4ME in 2022
Consolidated net income came to 4.0 ME (vs. 2.8 ME); EPRA earnings per share stood at 1.9 E (vs. 1.6 E). Current cash flow per share was E1.8 (vs. E1.7).
By 2022, 99% of rents have been collected and E13.8m in leases have been signed, including E7.7m in new leases. On a like-for-like basis, the value of the portfolio fell slightly by 1.8% to E1.79 billion. Above all, the EPRA occupancy rate stood at 78.1% (vs. 75.6%).
Recurring operating income came to MEUR 53.6 (vs. MEUR 51.4).
Financial expenses came to MEUR 13.9 (vs. MEUR 15.5), reflecting the favorable effect of interest-rate hedging and early loan repayments.
' The transformation of the portfolio is accompanied by a necessary transition phase before shareholders can benefit from this new model", emphasizes Christel Zordan, Chief Executive Officer of Société de la Tour Eiffel.
The Board of Directors will propose a dividend of 0.75 E to the Annual General Meeting of Shareholders.
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