CARE PROPERTY INVEST NV/SA Half-yearlyfinancial report 2021
Regulated information
1 September 2021 - After trading hours Under embargo until 17h45
Care Property Invest
Public limited liability company (société anonyme/naamloze vennootschap),
Public Regulated Real Estate Company (Société Immobilière Réglementée (SIR) /
Gereglementeerde Vastgoedvennootschap (GVV) under Belgian Law
Office: 3 Horstebaan, 2900 Schoten
Companies Registration No. 0456.378.070 (LPR Antwerp)
(the 'Company')
Half-yearly financial report 2021 - 1 September 2021
FINANCIAL HIGHLIGHTS
Key figure | 30 June 2021 | 31 Dec.2020 | 30 June 2020 | Evolution | ||
Fair value property portfolio | €890 m | €822 m | +8% | |||
Market capitalisation | €696.8 m | €648.6 m | +7% | |||
Occupancy rate | 100% | 100% | 100% | = | ||
Debt ratio | 46.98% | 46.31% | +1% | |||
Cost of borrowed funds | 1.93% | 2.22% | -13% | |||
Adjusted EPRA earnings | €13.2 m | €10.7 m | +23% | |||
Adjusted EPRA earnings per share | €0.5106 | €0.4859 | +5% | |||
EPS (guidance) | €1.04 | €0.96 | +8% | |||
DPS (guidance) | €0.84 | €0.80 | +5% | |||
REGULATED INFORMATION
Published on 1 September 2021 after trading hours
HALF-YEARLY FINANCIAL REPORT
for the period from 1 January 2021 to 30 June 2021
AUDITED
The Dutch version as well as the French and English version of this half-yearlyfinancial report are legally binding. Within the framework of their contractual relationship with the Company, investors can therefore always appeal to the translated versions. Care Property invest, represented by its responsible people, is responsible for the translation and conformity of the Dutch, French and English language versions. However, in case of discrepancies between language versions, the Dutch
The Company increased its EPS guidance to €1.04 and its DPS guidance to €0.84.
version always prevails.
Care Property Invest NV / Table of Contents | Table of Contents / Care Property Invest NV |
TABLE OF CONTENTS
I. Interim report of the board of directors | 10 | IV. Real estate report | 54 |
1. Important events | 10 | 1. Status of the property market in which the Company operates | 54 |
2. Synthesis of the consolidated balance sheet and the global result statement | 16 | 2. Analysis of the full consolidated property portfolio | 62 |
3. Outlook | 24 | 3. Report of the real estate expert | 66 |
4. Conflicts of interest | 28 | ||
5. Corporate governance | 29 | V. Condensed financial statements | 72 |
6. Research and development | 30 | ||
7. Capital increases within the context of authorised capital | 30 | 1. Consolidated financial statements as at 30 June 2021 | 72 |
8. Treasury shares | 31 | 2. Consolidated balance sheet (1) | 73 |
9. Publication of the 2020 Sustainability Report | 31 | 3. Cash-flow table | 74 |
10. Persons responsible (Royal Decree 14 November 2007) | 31 | 4. Statement of changes in consolidated equity | 76 |
5. 1. Notes to the consolidated financial statements | 78 | ||
II. Care Property Invest on the stock market | 34 | 6. Events after the closing date | 85 |
7. Transactions with affiliated parties | 85 | ||
1. Stock price and volume | 34 | 8. Information on subsidiaries | 86 |
2. Dividend policy | 36 | 9. Auditor's report | 87 |
3. Bonds and short-term debt securities | 37 | 10. Alternative Performance Measures | 88 |
4. Shareholding structure | 38 | ||
5. Financial calendar | 39 | ||
III. EPRA | |||
1. EPRA (European Public Real Estate Association) - Membership | 42 |
5 | 6 |
I.
Interim report of the Board of Directors
Berchem (BE) I Park Kemmelberg
HISTORY
1995 - 2021
.1996
Capital increase in cash (IPO - Eurnext Brussels).
7 February 1996
Total amount of capital increase: approx. €59 million
As of 7 February 1996
10,210 fully paid-up shares
.2012
Initial investment program 2,000 serviceflats
completed.
.2015
Capital increase in cash.
22 June 2015
Total amount of capital increase: approx. €36 million
As of 22 June 2015
13,184,720 fully paid-up shares
.2015
New address: Horstebaan 3, 2900 Schoten..
.1995
Establishment of Serviceflats Invest nv.
Recognition as a Belgian real estate investment fund, on the initiative of the Flemish government with the objective to build and finance 2,000 service flats for PCSW's and social non-profit organisations in the Flemish and Brussels-Capital Region.
As of 30 October 1995
210 fully paid-up shares
.2000
Innovation award for 'Technology and housing of elderly people'.
.
.2013-2014
Amendments to the articles of association to expand the Company's objective.
.2014
Serviceflats Invest nv becomes
Care Property invest nv.
Share split 1: 1000
As of 24 March 2014
10,210,000 fully paid-up shares
Acquisition of the status of a Public Regulated Real Estate Company (Public RREC).
.2014
Optional dividend
May-June 2014
Total amount of capital increase: approx. €2 million
As of 20 June 2014
10,359,425 fully paid-up shares
.2016
Inclusion in the Bel MID index.
Start of EPRA membership.
. 2017
Capital increase in kind..
15 March 2017
Total amount of capital increase: approx. €34 million.
As of 15 March 2017
15,028,880 fully paid-up shares.
. 2017
Capital increase in cash.
27 October 2017
Total amount of capital increase: approx. €70 million
As of 27 October 2017
19,322,845 fully paid-up shares.
. 2019
Capital increase in kind.
3 April 2019
Total amount of capital increase: approx. €16
million.
As of 3 April 2019
20,086,876 fully paid-up shares.
. 2020
Optional dividend
May-June 2020
Total amount of capital increase: approx. €7
million.
As of 19 June 2020
21,918,213 fully paid-up shares.
. 2021
Capital increase in kind.
20 January 2021
Total amount of capital increase: approx. €42 million.
As of 20 January 2021
25,806,148 fully paid-up shares.
.2017
Acquisition of first projects in Walloon and Brussels-Capital Regions.
.2018
Entry onto the Dutch market.
Acquisition of 100th residential care project.
.2019
Optional dividend
May-June 2020
Total amount of capital increase: approx. €7 million.
As of 26 June 2019
20,394,746 fully paid-up shares.
.2020
Capital increase in kind.
15 January 2020
Total amount of capital increase: approx. €34 million.
As of 15 January 2020
21,645,122 fully paid-up shares.
.2020
Entry onto the Spanish market.
.2020
Capital increase in cash (ABB).
June 2020
Total amount of capital increase: approx. €60 million.
As of 25 June 2020
24,110,034 fully paid-up shares.
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Disclaimer
Care Property Invest NV published this content on 01 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 September 2021 16:11:08 UTC.
