Our portfolio is composed of retail properties on the outskirts of urban areas in Belgium, France and Spain, characterised by a predominance of the food sector.
Portfolio growth
Consolidated results (€000s) | 31/03/2025 | 30/09/2024 |
---|---|---|
Rental income | 27,078 | 53,345 |
Rental related charges | 16 | -223 |
Recovery of property charges | 563 | 766 |
Rental related charges and taxes not recovered | -60 | -308 |
Other revenue and rental related charges | -27 | -15 |
Property Result | 27,570 | 53,656 |
Property charges | -2,709 | -4,835 |
Corporate overheads | -2,544 | -5,196 |
Operating result before result on portfolio | 22,317 | 43,534 |
Operating margin | 82.4% | 81.6% |
Financial income | 472 | 309 |
Net interest charges | -2,991 | -6,477 |
Other financial charges | -503 | -816 |
Taxes | -312 | -364 |
EPRA Earnings | 18,983 | 36,185 |
Result on sales of investment properties | 43 | 1 |
Change in the fair value of investment properties | -571 | 5,963 |
Change in fair value of financial assets and liabilities | 322 | -16,395 |
Deffered tax | -100 | -238 |
NET RESULT | 18,677 | 25,517 |
EPRA Earnings per share (€) | 2.88 | 5.49 |
Net result per share (€) | 2.83 | 3.87 |
Number of shares | 6,595,985 | 6,595,985 |
Consolidated balance sheet (€000s) | 30/09/2024 | 30/09/2023 |
---|---|---|
Assets | 780,658 | 786,469 |
Intangible assets | 375 | 236 |
Investment properties | 748,621 | 740,856 |
Other tangible assets | 963 | 49 |
Other non-current assets | 16,145 | 30,670 |
Assets held for sale | 259 | 0 |
Current financial assets | 926 | 867 |
Trade receivables | 6,120 | 5,556 |
Cash and cash equivalents | 3,070 | 5,423 |
Other current assets | 4,179 | 2,811 |
Equity and liabilities | 780,658 | 786,469 |
Equity | 442,921 | 444,763 |
Non-current financial debts | 196,391 | 262,670 |
Other non-current liabilities | 5,060 | 2,806 |
Deferred taxes liabilities | 6,516 | 6,085 |
Current financial debts | 115,280 | 57,829 |
Other current liabilities | 14,491 | 12,316 |
IFRS NAV (€/share) | 67.15 | 67.43 |
EPRA NTA (€/share) | 65.80 | 63.59 |
Debt ratio (in accordance with the Royal Decree) | 42.8% | 44.0% |
EPRA LTV | 42.1% | 43.4% |
Consolidated result per share (EUROS) | 30/09/2024 | 30/09/2023 |
---|---|---|
EPRA earnings | 5.49 | 5.46 |
Net result per share | 3.87 | 5.13 |