Name: Montea NV
Address: Industriezone III Zuid Industrielaan 27 bus 6, Erembodegem, Oost-Vlaanderen, 9320, BE
Telephone: +32 (0) 53 82 62 62
Price range: $

EPRA earnings of € 25.2 million in the first 9 months of 2018, for an increase of 27% compared with the same period the previous year
EPRA earnings per share of € 2.08, up by 10% compared with the first 9 months of 2017
Operating margin amounted to 92.7% in the first 9 months of 2018
Occupancy rate of 97.9% at the end of Q3 2018, compared with 96.6% at the end of Q2 2018
Average term of leases on first expiry date of 8.6 years compared with 7.4 years at the end of Q2 2018
Increase in fair value of the property portfolio of 10% to € 872 million compared with € 793 million at the end of Q2 2018. In 2018, the property portfolio increased by € 153 million or 21% compared with the end of Q4 2017.
Debt ratio of 51.2% at the end of Q3 2018 – Average term of loans of 4.6 years – Average term of rate hedges of 7.4 years
Outlook for 2018:
- EPRA earnings per share expected to grow over 10% for 2018
- Property portfolio expected to exceed € 900 million at year end
- Occupancy rate > 98% end 2018 – Above the annual target of 95%
- Average term leases on first expiry date > 8 years at the end of 2018 – Above the target of 7 years
- Operating margin of 92% on annual basis