Half-year results 2024-2025: Retail Estates achieves stable operational results
18/11/2024

EPRA earnings for the Group¹ of the first half of the 2024-2025 of the financial year amounted to € 45.35 million (+1.87% compared to 30 September 2023) or € 3.12 per share (compared to 3.13 on 30 September 2023).

Rental income of € 71.23 million (+4.99% compared to 30 September 2023). At constant portfolio rental income increased by +0.94%.

Debt ratio stable at 44.59% (compared to 44.62% on 31 March 2024).

Slight increase of the fair value of the real estate portfolio to € 2,047.30 million (+0.94% compared to 31 March 2024).

EPRA occupancy rate at 97.57% (compared to 98.08% on 31 March 2024).

8 of 11 Euro Shoe Group stores (Bristol) already relet.

Expected gross dividend of € 5.10 per share is maintained.

Half-year report 2024-2025 available.

Mr. Dirk Vanderschrick will succeed Mr. Paul Borghgraef as chairman of the Board of Directors on 1 April 2025. Mr. Borghgraef will retire after a 20-year term as chairman at Retail Estates upon reaching the age limit of 70 years, as stipulated in the corporate governance charter.

Notes

¹ The EPRA earnings is calculated as follows: net result excluding changes in fair value of investment properties, exclusive the result on disposal of investment properties and exclusive changes in fair value of financial assets and liabilities, and excluding minority interests relating to the aforementioned elements.