Highlights H1 2020:
- EPRA earnings: € 3,50 per share = an increase of 7% compared with 2019
- Target: > € 3,44 per share
- Target exceeded
- Dividend: € 2,83 per share based on a payout ratio of 80% = an increase of 11% compared with 2019
- Target: > € 2,67 per share
- Target exceeded
- The fair value of the portfolio in 2020 increased by € 205 million or 18% compared with 2019 to €1,364 million
- On track with growth plan for 2020-21: 77% of target growth identified in the meantime
- Average cost of debt: 1.9% at a coverage ratio of 85% at the end of 2020
- Target: < 2;2% and > 80%
- Target exceeded
Strong fundamentals to cope with the health crisis: a debt ratio under control (38.0%) combined with a high occupancy rate (99.4%) and a long remaining term of the leases until first expiry (7.7 years - exclusive of solar panels). On the date of this press release, Montea had received 99% of all rents payable.
