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 earning of € 19.8 million in Q3 2017 consisting of:
- Earnings on a recurrent basis of € 17.6 million
- € 1.3 million once-off severance compensation from SAS Automotive in Q1 2017
- € 0.9 million provision received for the once-off compensation linked to the delivery of the property rented to DHL Aviation
EPRA earnings per share of € 1.90 in Q3 2017
Operating margin amounts exceptionally to 96.2% in Q3 2017 or 92.9% without the above mentioned once-off compensations
Occupancy rate of 95.6% at the end of Q3 2017
Average term of leases on first expiry date of 7.5 years
Increase in fair value of the property portfolio of 2% to € 631 million compared with € 617 million at the end of Q2 2017
Debt ratio of 50.6% at the end of Q3 2017 – Average term of loans of 5.1 years – Average term of interest rate hedging of 7.1 years
Outlook for 2017: Thanks to its successful acquisition and development policy, Montea has raised its growth target for 2017 from € 650 million to € 700 million. As a result, the expected EPRA earnings for the entire year have risen from € 26 million to over € 26.5 million. Despite the capital increase of € 68 million, Montea expects to attain a minimum EPS growth of 4%. The occupancy rate is expected to remain above 95% and the operating margin above 90%.