Colonial has published solid H1 16 figures with GRI up 10% lfl to €137m, well ahead of our aggressive €263m for the year. All markets show a positive trend and Barcelona performed particularly well with a GRI lfl growth of 13.2%, 5% for Madrid and another 10.5% for Paris (supported by In&Out). All renewals were made above ERV and the occupancy rate now stands at 97% (up 8.3%). The group’s GAV has gained 5% lfl to €7.6bn and EPRA NAV now at €6.8 per share, or only
28 Jul 2016
Strong H1 16 figures - Buy recommendation maintained
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Strong H1 16 figures - Buy recommendation maintained
Inmobiliaria Colonial SOCIMI SA (0RID:LON) | 0 0 0.0%
- Published:
28 Jul 2016 -
Author:
Alda Kule Dale -
Pages:
2
Colonial has published solid H1 16 figures with GRI up 10% lfl to €137m, well ahead of our aggressive €263m for the year. All markets show a positive trend and Barcelona performed particularly well with a GRI lfl growth of 13.2%, 5% for Madrid and another 10.5% for Paris (supported by In&Out). All renewals were made above ERV and the occupancy rate now stands at 97% (up 8.3%). The group’s GAV has gained 5% lfl to €7.6bn and EPRA NAV now at €6.8 per share, or only