Wereldhave released its FY17 results, posting a net profit of €84.3m, down by 30.2% yoy. Gross rental income amounted to €223.4m, dropping by 3% compared to FY16, mainly due to a substantially lower rental income in France and disposals in the Netherlands. The value of the total investment portfolio amounted to €3.8bn. Overall, the results are below our estimates.
07 Feb 2018
Burdened by France
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Burdened by France
Wereldhave N.V. (WER:FRA) | 0 0 1.5% | Mkt Cap: 1,226m
- Published:
07 Feb 2018 -
Author:
Zeineb SAHNOUN -
Pages:
3
Wereldhave released its FY17 results, posting a net profit of €84.3m, down by 30.2% yoy. Gross rental income amounted to €223.4m, dropping by 3% compared to FY16, mainly due to a substantially lower rental income in France and disposals in the Netherlands. The value of the total investment portfolio amounted to €3.8bn. Overall, the results are below our estimates.