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Eurocastle Investment Ltd (ECT.AS)

ECT.AS on Amsterdam Stock Exchange

8.75EUR
28 Apr 2017
Change (% chg)

€0.10 (+1.16%)
Prev Close
€8.65
Open
€8.94
Day's High
€8.94
Day's Low
€8.60
Volume
4,495
Avg. Vol
7,653
52-wk High
€9.11
52-wk Low
€5.80

Latest Key Developments (Source: Significant Developments)

Eurocastle Investment FY normalised FFO at 46.0 million euros
Thursday, 16 Mar 2017 03:00am EDT 

Eurocastle Investment Ltd : Normalised FFO([1])of 46.0 million euros ($49.35 million) or 0.70 euros per share([2]) for full year . Annual dividend of 33.1 million euros, or 0.525 euros per share reflecting increased Q4 dividend of 0.15 euros per share . In addition, board of directors has declared a Q1 2017 dividend of 0.15 euros/share . FY adjusted net asset value[5] of 550.6 million euros, or 9.16 euros per share2, an increase of 1.81 euros per share (25 pct) over the year .FY net profit after taxation of 131.4 million euros or 1.99 euros per share.  Full Article

Eurocastle Investment sells real estate fund units
Friday, 17 Feb 2017 02:00am EST 

Eurocastle Investment Ltd : Reg-Eurocastle Investment limited: Eurocastle announces sale of real estate fund units . Has sold its 27 pct interest in units of Fund Investment III, an unlisted Italian real estate fund. .Transaction, together with other distributions, has resulted in total estimated proceeds of 20.9 million euros ($22.30 million).  Full Article

Eurocastle announces new Italian investment and closes sale of Belfry and Truss
Wednesday, 21 Dec 2016 02:00am EST 

Eurocastle Investment Ltd : Eurocastle announces new Italian investment and closes sale of Belfry and Truss . Acquired a 25 percent interest in a portfolio of four non-performing loans to a single borrower, with a gross book value of about 16 million euros ($16.7 million) . Loans are approximately 74 percent secured by first line mortgages and 26 percent unsecured . Affiliates of Fortress Investment Group LLC have invested alongside Eurocastle by acquiring remaining interest in loans . Following agreed sale announced in Sept. 2016, 66 of 67 assets within legacy German real estate Belfry and Truss portfolios have successfully closed . Sale generated approximately 2.3 million euros of net proceeds to company compared to reported adjusted nav of zero for these portfolios as at Sept. 30 .Remaining asset is expected to close in January 2017 resulting in a further 34,000 euros of net proceeds to company.  Full Article

Eurocastle Investment Limited acquires UniCredit NPL portfolio and distributes dividend
Thursday, 15 Dec 2016 02:32am EST 

Eurocastle Investment LTD : Together with other affiliates of Fortress Investment Group LLC, has agreed to acquire a significant portion of a 17.7 billion euro($18.45 billion) portfolio of Italian non-performing loans from UniCredit . Transaction entails an anticipated equity investment for Eurocastle of between 50 million euros and 70 million euros, dependent on the level of interim cash collections from the portfolio . Declares dividend of 0.15 euro per ordinary share for Q4 2016 .Dividend is payable on 31 January 2017 to shareholders of record at close of business on 22 December 2016, with an ex-dividend date of 21 December 2016.  Full Article

Eurocastle Investment Q3 normalized FFO at 11.9 million euros
Thursday, 10 Nov 2016 02:32am EST 

Eurocastle Investment Ltd : Normalized FFO of 11.9 million euros ($13.00 million), or 0.20 euros per share for Q3 of 2016 . 33.5 million euros or 0.49 euros per share for nine months ended 30 September 2016 . Adjusted net asset value of 463.5 million euros, or 7.71 euros per share .Q3 2016 dividend of 7.5 million euros, or 0.125 euros per share paid in October.  Full Article

Eurocastle declares dividend for the third quarter of 2016
Friday, 23 Sep 2016 02:00am EDT 

Eurocastle Investment Ltd :Declares a dividend of €0.125 per ordinary share for the third quarter of 2016.  Full Article

Eurocastle Investment Q2 normalised FFO of 11.0 million euros
Wednesday, 3 Aug 2016 02:08am EDT 

Eurocastle Investment Ltd : Q2 adjusted NAV/share of 7.70 euros versus 7.35 euros previous quarter . Normalised FFO of 11.0 million euros ($12.33million), or 0.15 euro per share for Q2 of 2016 .Excluding losses arising within those legacy portfolios that have a negative NAV, group generated a net profit after taxation of 22.8 million euros for H1.  Full Article

Eurocastle Investment's 50%-owned doBank buys Italfondiario
Thursday, 14 Jul 2016 10:23am EDT 

Eurocastle Investment Ltd :doBank, an Italian bank 50 pct owned by Eurocastle, has agreed to acquire a 100 pct interest in Italfondiario for about €27 million ($30.00 million).  Full Article

Eurocastle Investment declares dividend for Q2 2016
Thursday, 23 Jun 2016 02:00am EDT 

Eurocastle Investment Ltd :Declares dividend of EUR 0.125 ($0.1418) per ordinary share for Q2 2016.  Full Article

Eurocastle Investment offers to repurchase up to 75 million euro shares
Monday, 23 May 2016 02:00am EDT 

Eurocastle Investment Ltd : Announces tender offer to repurchase up to EUR 75 million of ordinary shares .Tender offer will commence on May 23 and will remain open until 6.00 PM (CET) on June 20.  Full Article

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