Castellana Properties Socimi S A : Presentación de resultados H1FY22
November 18, 2021 at 05:32 am EST
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H1FY22
April 2021 - September 2021
FINANCIAL RESULTS
PRESENTATION
KEY HIGHLIGHTS
HIGHLIGHTS MAIN KPI's PERFORMANCE
KEY HIGHLIGHTS / RESULTS PRESENTATION
HIGHLIGHTS
FINANCIAL
PERFORMANCE
OPERATIONAL
VALUE
PERFORMANCE
CREATION
GAV of €976 million at September 2021 (1.6% revaluation over March 2021). Accumulated GAV adjustment of -2.6% from September 2019 due to the Covid-19 impact.
Like for Like GRI of €29.4 million with a growth of 97%, getting back to pre-covid levels.
EPRA NTA of €518 million or €6.00 per share (+3.5% vs March 2021)
Net LTV of 46.84% (- 5.7% at March 2021) at an all- in cost of 2.44% per annum and an average maturity of 4 years
Capex investments of c. €14.7 million in H1FY22 in value added projects.
Occupancy stabilised at 97.1% at 30 September 2021
94 new leases signed (renewals and new lease agreements) generating additional new rent signed of c.€4.5 million
Repositioning projects are already completed. 100% of target rent already achieved with room to improve.
Los Arcos phase II in progress to foster the leisure and F&B area of the Centre.
Disposal of Konecta Office Buildings generating a profit circa €4 million.
Castellana receives the EPRA GOLD AWARD in its third year of operation
100% of the Company's Shopping centers are now BREEAM certified, improving grades from last certification.
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KEY HIGHLIGHTS / RESULTS PRESENTATION
MAIN KPI's PERFORMANCE
16
350,271 sqm
97.1 %
13.4 years
95.6 %
OPERATIONAL
ASSETS
GLA
OCCUPANCY
WAULT
RENT
COLLECTION
€29m
€23m
€16.9m
€457m
2.44%
46.84 %
FINANCIAL
GRI(1)
EBITDA(1)
NET PROFIT(2)
NET DEBT(3)
ALL-IN COST
NET LTV (4)
€976m
1.6 %
(2.6 %)
€518m
6.00 €/share
CORPORATE
GAV
H1FY22
ACCUMULATED
EPRA NTA
EPRA NTA
VALUE
COVID-19 VALUE
PER SHARE
RECOVERY(5)
EFFECT(6)
(1)
Excluding non-recurring income and expenses during H1FY22 (April 2021 to September 2021)
(2)
Net profit including temporary discounts agreed with tenants amounting to €1.1m
(3)
Net Debt calculated excluding restricted Cash and including €17.5m debt with related parties
(4)
Net LTV calculated considering Nominal Debt excluding MTM of Derivatives excluding restricted Cash and including €17.5m debt with related parties
(5)
Versus March 2021 valuation of investment properties €987m excluding Konecta Office Buildings valuation
4
(6)
Considering total Covid-19 effect versus September 2019 valuation of investment properties €1.028b excluding Konecta Office Buildings valuation
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Castellana Properties SOCIMI SA published this content on 18 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2021 10:31:08 UTC.
Castellana Properties SOCIMI SA is a Spain-based company active in the real estate industry. The Company is focused on the acquisition, management and rehabilitation of real estate assets in the retail sector. Castellana Properties owns 15 assets in Spain: C.C. Habaneras (Alicante), Parque Oeste (Alcorcon), Parque Principado (Asturias), Mejostilla (Caceres), La Heredad (Merida), La Serena (Villanueva de la Serena), CC Motril (Granada), Kinepolis LP (Granada), Kinepolis RP (Granada), Ciudad del Transporte (Castellon), Marismas del Polvorin (Huelva), Alameda S.C. (Granada) and Pinatar Park (Murcia). The Company also has two office buildings, one in Madrid and the other in Seville.
CASTELLANA PROPERTIES SOCIMI, S.A. 
