Distributable earnings per share (DEPS) stood at EUR 0.5215, up 51.5% YoY. Excluding a one-off impact of litigation provision, DEPS was up 20% to EUR 0.4868, a touch above our EUR 0.47 estimate.Portfolio value stood at EUR 6.6bn, up 13.8% YoY on the back of acquisitions, capex expenditure as well as the positive value uplift of EUR 142m. EPRA NIY was up 5bps YoY to 6.80%.We will review our assumptions on the back of stronger earnings growth expect, sticking to our target valuation range for the ....

22 Feb 2023
FY22 results a touch above

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FY22 results a touch above
Distributable earnings per share (DEPS) stood at EUR 0.5215, up 51.5% YoY. Excluding a one-off impact of litigation provision, DEPS was up 20% to EUR 0.4868, a touch above our EUR 0.47 estimate.Portfolio value stood at EUR 6.6bn, up 13.8% YoY on the back of acquisitions, capex expenditure as well as the positive value uplift of EUR 142m. EPRA NIY was up 5bps YoY to 6.80%.We will review our assumptions on the back of stronger earnings growth expect, sticking to our target valuation range for the ....