Atrium European Real Estate Limited / 2018 Financial Results

28.02.2019, 4416 Zeichen

Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
Annual Result 27.02.2019
St Helier Jersey / Channel Islands - Atrium European Real Estate Limited - 2018 Financial Results Ad Hoc announcement - Jersey, 28 February 2019, Atrium European Real Estate Limited (VSE/Euronext: ATRS), (the "Company" and together with its subsidiaries, the "Atrium Group" or the "Group"), a leading owner, operator and redeveloper of shopping centres and retail real estate in Central Europe, today announces results for the twelve months ended 31 December 2018.
A more detailed announcement providing highlights of the period under review will be distributed and available, along with the full 2018 Annual Report, on the Company's website, shortly after this announcement. Key financial figures for 2018 are provided below:
2018 2017 CHANGE EURm EURm %/ppt Net rental income 178.9 189.9 (5.8%) EPRA Like-for-Like 118.2 116.8 1.2% net rental income EPRA Like-for-Like net rental income 79.0 77.6 1.8% excl. Russia Operating margin 96.4% 95.6% 0.8% Occupancy rate 96.6% 96.8% (0.2%) EBITDA 149.5 159.9 (6.5%) Adjusted EBITDA¹ 166.9 159.9 4.4% EPRA cost ratio 16.8% 17.8% (1.0%) Company adjusted 110.8 122.1 (9.3%) EPRA earnings Company adj. EPRA earnings per share 29.3 32.4 (9.3%) (in EUR cents) Net LTV (%) 37.9% 30.1% 7.8% EPRA NAV per share 5.03 5.24 (4.0%) (in EUR) Average cost of 3.1% 3.4% (0.3%) debt Average debt 5.4 yr 4.6 yr 0.8 yr maturity

¹ Adjusted for the impact of new/disposed of assets/re-dev and one-off fees
Further information can be found on the Company's website www.aere.com or for Analysts: Molly Katz: mkatz@aere.com Press & Shareholders: FTI Consulting Inc.: +44 (0)20 3727 1000 Richard Sunderland/Claire Turvey: atrium@fticonsulting.com [atrium@fticonsulting.com]
About Atrium European Real Estate Atrium is a leading owner, operator and redeveloper of shopping centres and retail real estate in Central Europe. Atrium specializes in locally dominant food, fashion and entertainment shopping centres in the best urban locations. Atrium owns 34 properties with a total gross leasable area of over 980,000 sqm and with a total market value of approximately EUR2.9 billion. These properties are located in Poland, the Czech Republic, Slovakia and Russia, and with the exception of one, are all managed by Atrium's internal team of retail real estate professionals.
The Company is established as a closed-end investment company incorporated and domiciled in Jersey and regulated by the Jersey Financial Services Commission as a certified Jersey listed fund, and is listed on both the Vienna Stock Exchange and the Euronext Amsterdam Stock Exchange. Appropriate professional advice should be sought in the case of any uncertainty as to the scope of the regulatory requirements that apply by reason of the above regulation and listings. All investments are subject to risk. Past performance is no guarantee of future returns. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results.
end of announcement euro adhoc
issuer: Atrium European Real Estate Limited Seaton Place 11-15 UK-JE4 0QH St Helier Jersey / Channel Islands phone: +44 (0)20 7831 3113 FAX: mail: richard.sunderland@fticonsulting.com WWW: http://www.aere.com ISIN: JE00B3DCF752 indexes: stockmarkets: Wien, Luxembourg Stock Exchange language: English
Digital press kit: http://www.ots.at/pressemappe/2915/aom

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1. Atrium Promenada (Warsaw, Poland) - top 10 properties of Atrium European Real Estate (Bild: Atrium, http://www.aere.com/Downloads.aspx) , (© www.shutterstock.com)   >> Öffnen auf photaq.com

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