Hoofddorp, 26 October 2023 - Vastned, the listed European retail property company is delivering strong operational results. With a further increasing occupancy rate, passing on indexation based on inflation and high leasing activity, the company is optimising the income from the current portfolio. The company re-iterates the expectation of its direct result per share for 2023 to be in the range of between € 1.95 and € 2.05.
The company's continued strong performance, its high-quality portfolio with a stable and attractive tenant base and its proactive approach to existing and new tenants, provide Vastned with the opportunity to focus on strategic actions following the strategic reorientation. The announced divestment process is progressing, with a number of smaller divestments in the Netherlands and Belgium, while the focus is on larger divestments to take place.
Negotiations on refinancing of our debt maturities for next year are ongoing in the Netherlands and Belgium. The new financing arrangements for our refinancing needs in 2024, will provide Vastned with financial security and stability and bring more variance to the maturity profile of our debt portfolio.
VastNed Retail NV published this content on 26 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2023 05:36:43 UTC.
Vastned Retail N.V. is a European listed property company focusing on the best retail property on the popular high streets of selected European cities with a historic city centre, also referred to as « core city assets ». The tenants of VastNed Retail N.V. include international and national department stores that are leading in their sector; major luxury, fashion and sports brands; supermarkets; and a wide range of other retailers.
By investing in historic city centres Vastned Retail N.V. contributes to the preservation of the cultural heritage in these city centres. Vastned Retail N.V. also provides a positive contribution to the liveability and safety in city centres by creating and renovating residential space above retail units. In this way, the company endeavours to create long-term value for its shareholders, tenants, employees and society as a whole.
At year-end 2023, the group's real estate portfolio amounted to EUR 1,373 million. Over 80% of the portfolio is comprised of property located in the historic centres of selected European cities. The remainder of the portfolio is mostly made up of Belgian retail parks, supermarkets and high-quality retail property in smaller cities in the Netherlands and Belgium.
VASTNED RETAIL N.V. 
