Highlights Q3 2021:
- Montea sets foot on German soil and expands its land bank with the signing of two immediately income-generating redevelopment projects in Mannheim and Leverkusen
- Bolstering of commercial strength in the Netherlands with the recruitment of Cedric Montanus
- Status Track'24: Since the beginning of 2021 Montea has had an identified investment volume of over € 200 million, already half realized and the other half in progress. Hence, Montea is on track with its growth plan and the proposed growth rate of € 800 million over the period 2021 to 2024 (inclusive). These investments comprise a mix of development and expansion projects, purchases of land positions and leased warehouses, as well as investments in solar panels.
- EPRA earnings of € 2.87 per share, an increase of 8% compared to the same period in 2020
Outlook 2021
- Growth of the EPRA earnings per share to € 3.74 per share (growth of 7% compared with 2020)
- Growth of the dividend per share for 2021 to € 3.02 per share (increase of 7% compared with 2020)
- Real estate portfolio grows to at least € 1.6 billion by the end of 2021
- Montea aspires to make its own operations CO2 neutral by means of offsetting by the end of the year
