Vastned Retail N.V. Proposes Dividend for 2019 Financial Year, Payable on 13 July 2020
May 06, 2020 at 08:18 am EDT
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Vastned Retail N.V. at its Annual General Meeting to be held on June 25, 2020 proposed to declare a total dividend for the 2019 financial year of EUR 1.43 per share. After deduction of the interim dividend in cash of EUR 0.58 per share, the final dividend will be EUR 0.85 per share in cash. After adoption, the final dividend for the 2019 financial year will be made payable on 13 July 2020.
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. 
