We have updated our model on Colonial’s FY16 numbers. As a reminder, the group published a GRI that gained 7% lfl to €271m (from €231m yoy), with Barcelona yielding as much as 10% lfl. Earnings at €68m were up 83% yoy, occupancy was increased to 97% with improvements in all regions and Barcelona delivering the highest improvement. The group published double-digit NAV growth, now standing at €7.25/share, up 18% yoy, and the group’s GAV at €8.07bn gained 9%
04 Apr 2017
Positive rental reversions ahead
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Positive rental reversions ahead
Inmobiliaria Colonial SOCIMI SA (0RID:LON) | 0 0 0.0%
- Published:
04 Apr 2017 -
Author:
Alda Kule Dale -
Pages:
2
We have updated our model on Colonial’s FY16 numbers. As a reminder, the group published a GRI that gained 7% lfl to €271m (from €231m yoy), with Barcelona yielding as much as 10% lfl. Earnings at €68m were up 83% yoy, occupancy was increased to 97% with improvements in all regions and Barcelona delivering the highest improvement. The group published double-digit NAV growth, now standing at €7.25/share, up 18% yoy, and the group’s GAV at €8.07bn gained 9%