direct/ Wereldhave NV: 1st Quarter Results
(1st quarter 2006: EUR 1.31)
- Positive revaluation in all countries
- Positive result on disposals
The profit for the first quarter 2007 amounts to EUR 54.4 mln, or EUR 2.53 per share. The portfolio was re-valued upwards in all countries. There have been positive results on disposals of properties in the United States and the United Kingdom. As the surpluses on property revaluations and disposals were lower than in the first quarter of 2006, profit per share decreased in 2007.
The direct result for the first quarter of 2007 amounts to EUR 30.2 mln, an increase of EUR 1.2 mln or 4.0% compared to the first quarter of 2006, due to a higher occupancy of the portfolio and an incidental gain of EUR 2.2 mln. This more than compensated for the effect of sales on the direct result of - EUR 1.5 mln. The incidental gain relates to a premium received on the surrender of a lease on the Ypenburg industrial estate in The Hague.
Interest charges decreased, mainly due to redemptions of loans from the proceeds of property sales. General costs remained stable compared to the first quarter of 2006. Exchange rate differences on the Pound Sterling and US dollar had a EUR 0.3 mln negative effect on direct result.
The occupancy rate of the portfolio for the first quarter increased from 93.5% in 2006 to 94.3% for 2007. Broken down per sector, the occupancy rate during the first quarter of 2007 was: offices 90.6%, retail 98.8%, industrial 94.1% and 91.3% for residential.
To view the full announcement paste the following link into your web browser.
The announcement distributed by directnews.
The issuer is solely responsible for the content of this announcement.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release direct/ Wereldhave NV: 1st Quarter Results here
News-ID: 20240 • Views: 1327
More Releases from Wereldhave NV
Wereldhave NV - Final Results 2007
The year 2007 was a turbulent one, with property values peaking. Wereldhave realised valuation gains by the disposal of more high-risk properties and added recently constructed first-class property to its portfolio. The occupancy rate and the like-for -like rental income improved slightly. Wereldhave has a very strong financial position and has expanded its committed credit facilities. The dividend will be raised slightly, in line with previous years. For 2008 Wereldhave
direct/ Wereldhave NV announces 3rd Quarter Results
The profit for the first nine months of 2007 amounts to EUR 146.7 mln, or EUR 6.77 per share. The portfolio was revalued upwards in all countries. Surpluses on disposals of properties amounted to EUR 7.8 mln. Direct result The direct result for the first three quarters amounts to EUR 83.0 mln in 2007, a EUR 1.5 mln decrease compared to 2006. In spite of EUR 1.7 mln higher like-for-like rental
direct/ Wereldhave NV: Disposal
On October 3, 2007 Wereldhave completed the sale of the office building ´Winston Churchill Tower´, located in Rijswijk near The Hague, The Netherlands. The proceeds of the sale amounted to EUR 43.6 mln, which results in a surplus on disposal of EUR 4.1 mln in 2007 (EUR 1.1 mln above the book value as at June 30, 2007). Wereldhave purchased the 23,163 m2 ´Winston Churchill Tower´ in 1974 and renovated
direct/ Wereldhave NV announces Interim Results
Profit The profit for the first half year of 2007 amounts to EUR 114.7 mln, or EUR 5.31 per share. The portfolio was revalued upwards in all countries. There have been surpluses on disposals of properties in the United States, the United Kingdom and the Netherlands. As the surpluses on property revaluations and disposals were lower than the exceptionally high level of 2006, profit per share decreased in 2007. Direct
More Releases for EUR
Archiware delivers professional Archive and Backup for 1,000 EUR
Archiware GmbH, manufacturer of the media-focussed data management software suite Archiware P5, now offers the new, affordable P5 Desktop Edition. The new license bundle caters to small teams and single users willing to professionally archive their media. Director and DOP Anton Nelson showcases what the P5 Desktop Edition can do in a beautiful testimonial. Munich, February 4th, 2019 - Keeping media safe is crucial in media production – be it raw
onlineprinters.com invests more than EUR three million in production
New 8-colour offset printing press expands online print shop's capacity Neustadt an der Aisch, Germany – By investing more than EUR three million, Onlineprinters, the internationally operating online print shop, has expanded the production facilities at its German site. Extra offset printing capacity was added in September with the purchase of a new state-of-the-art 8-colour printing press, the Heidelberger Speedmaster XL 106-8P, including a new CTP system for digital printing plate
EUR 155,000 for Safe Zones Project
Eichsfeld Festival Attracts 25,000 Music Fans to Downtown Duderstadt "Tonight is going to rock!" It was with these words that initiators Professor Hans Georg Näder and Peter Maffay opened the 2012 Eichsfeld Festival this past Saturday. Around 25,000 music fans followed the invitation to experience top-class live performances in the Marktstraße of Duderstadt that day. Peter Maffay, Ich + Ich and four regional special guests did more than just wow the
Clariant successfully issues EUR 500 million Eurobond
Muttenz, January 17, 2012 – Today, Clariant successfully priced an Eurobond transaction of EUR 500 million with a tenor of 5 years, issued by Clariant Finance (Luxembourg) S.A. and guaranteed by Clariant Ltd. The fixed rate notes with a minimum denomination of EUR 100,000 and a final coupon of 5 ⅝ % p.a. are maturing on January 24, 2017. The orderbook was significantly oversubscribed on the back of strong investor demand.
VSCloud – cloud services from 0.78 EUR per day
On 15th of August, at a press conference, the unique cloud project named VSCloud was presented which provides cloud services of IaaS (Infrastructure as a Service) type. After three months, VSCloud can boast with hundreds of active users mainly from the Czech Republic and Slovakia. The leadership of VSCloud foresees that the number of first thousand active users will be surpassed by the end of this year. What are the advantages
“Die Presse” Scholarship in the amount of EUR 15000
MSc Program Environmental Technology and International Affairs The shortage of environmental resources and the dealing with pollution are challenges which the international society of the 21st century has to face. Climate change, water shortage and air pollution are only some of the problems which have to be solved. The purpose of a sustainable development can be reached only if decision makers dispose of a comprehensive education. The cooperation between the Vienna University