Montea sets foot on German soil and expands its land bank with the signing of two immediately income-generating redevelopment projects in Mannheim and Leverkusen
Bolstering of commercial strength in the Netherlands with the recruitment of Cedric Montanus
Status Track'24: Since the beginning of 2021 Montea has had an identified investment volume of over € 200 million, already half realized and the other half in progress. Hence, Montea is on track with its growth plan and the proposed growth rate of € 800 million over the period 2021 to 2024 (inclusive). These investments comprise a mix of development and expansion projects, purchases of land positions and leased warehouses, as well as investments in solar panels.
EPRA earnings of € 2.87 per share, an increase of 8% compared to the same period in 2020
Outlook 2021
Growth of the EPRA earnings per share to € 3.74per share (growth of 7% compared with 2020)
Growth of the dividend per share for 2021 to € 3.02 per share (increase of 7% compared with 2020)
Real estate portfolio grows to at least € 1.6 billion by the end of 2021
Montea aspires to make its own operations CO2 neutral by means of offsetting by the end of the year
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Montea COMM.VA published this content on 28 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2021 04:27:12 UTC.
Montea NV is a regulated company under Belgian law specializing in logistical and semi-industrial property, in Belgium, the Netherlands, France and Germany. The company is a benchmark player in this market. Montea NV simply provides its customers with the space they need to grow through versatile and innovative real estate solutions.
At the end of 2022, its portfolio amounted to EUR 2,171 million in market value, divided between real estate assets (92 different sites with a total floor area of 1,890,029 m2; EUR 2,019.5 million), development projects (EUR 102.3 million) and solar panels (EUR 49.2 million).