Vastned Retail N.V. Reports Earnings Results for the Full Year Ended December 31, 2021
February 09, 2022 at 10:00 pm EST
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Vastned Retail N.V. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was EUR 62.22 million compared to EUR 64.92 million a year ago. Net income was EUR 14.41 million compared to net loss of EUR 41.34 million a year ago. Basic earnings per share from continuing operations was EUR 0.84 compared to basic loss per share from continuing operations of EUR 2.41 a year ago. Diluted earnings per share from continuing operations was EUR 0.84 compared to diluted loss per share from continuing operations of EUR 2.41 a year ago.
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. 
