Net operating income up 15% on a LfL basis.Distributable earnings stood at EUR 181.6m, up 30% YoY on the back of stricter cost control but partly offset by higher finance costs linked to additional interest on the EUR 200m new financing. Portfolio posted a EUR 104m FV uplift over H1 (+1.6%). The appraisers increased ERVs, supporting the strong performance of the assets. Assumptions on valuation yields were increased by 15-20bps on average by appraisers over the last 6 months. LTV stood at 33.4%, ....

23 Aug 2023
(Sponsored) NEPI Rockcastle - Strong H1 operations

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
(Sponsored) NEPI Rockcastle - Strong H1 operations
Net operating income up 15% on a LfL basis.Distributable earnings stood at EUR 181.6m, up 30% YoY on the back of stricter cost control but partly offset by higher finance costs linked to additional interest on the EUR 200m new financing. Portfolio posted a EUR 104m FV uplift over H1 (+1.6%). The appraisers increased ERVs, supporting the strong performance of the assets. Assumptions on valuation yields were increased by 15-20bps on average by appraisers over the last 6 months. LTV stood at 33.4%, ....