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Montea CVA (MONTE.BR)

MONTE.BR on Brussels Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Montea FY net rental income up at 40.5 mln euros
Tuesday, 21 Feb 2017 02:37am EST 

Montea CVA : Fair value of real estate portfolio at Dec 31 532.1 million euros ($562.7 million) versus 480.7 million euros a year ago . FY net rental result 40.5 million euros versus 34.3 million euros a year ago . FY operating result before portfolio result 36.3 million euros versus 29.4 million euros a year ago . FY net result (IFRS) 36.3 million euros versus 24.0 million euros a year ago . EPRA NAV/share at Dec 31 27.80 euros versus 25.22 euros year ago . Proposed dividend of 2.11 euros per share (basis of payout ratio of 87 percent) versus 2.03 euros in 2015 (+4 pct) . Sees for 2017 property portfolio grow to 650 million euros . Sees for 2017 EPRA vacancy rate remaining under 5 pct - term of leases amounts to more than 7 yrs on average . Sees for 2017 operating margin of 89 pct on an annual basis .Sees for 2017 EPRA result per share increase with 5 pct.  Full Article

Montea sells 3 assets in France for 60.4 million euros
Tuesday, 10 Jan 2017 12:20pm EST 

Montea CVA :Finances further growth with the sale of 3 assets in France for 60.4 million euros ($63.81 million) to Patrizia Logistik Invest Europa I.  Full Article

Montea leases about 14.000 sq.m. to Scotch & Soda
Tuesday, 8 Nov 2016 11:32am EST 

Montea Cva :Leases about 14.000 sq.m. to scotch & soda.  Full Article

Montea Q2 net rental result up 29 pct to 20.9 million euros
Thursday, 18 Aug 2016 12:22am EDT 

Montea CVA : Q2 net current result of 13.7 million euros ($15.49 million) (1.38 euro per share) compared to 9.4 million euros (1.02 euro per share) in Q2 2015 . Q2 occupancy rate of 97.0 pct compared to 96.8 pct in Q1 2016 . Increase of the fair value of the property portfolio by 12 percent to 579 million euros versus 517 million euros at end of 2015 . Increase of Q2 net rental result by 29 pct to 20.9 million euros compared to 16.2 million euros in Q2 2015 . Outlook 2016: occupancy rate will remain at least 95 pct . Oulook 2016: operating margin of 88 pct on annual basis . Outlook 2016: property portfolio will grow to 600 million euros .Outlook 2016: net current result per share will grow by 5 pct (from 2.29 euro per share in 2015 to 2.40 euro per share in 2016).  Full Article

Municipality Oss and Montea conclude agreement for development of logistics plot
Thursday, 7 Jul 2016 01:28am EDT 

Montea CVA :Municipality Oss and Montea conclude an agreement for the future development of a logistics plot at Vorstengrafdonk.  Full Article

Montea announces new contracts
Tuesday, 28 Jun 2016 11:39am EDT 

Montea Cva : Announces custom development of a ca. 12,400 m² logistics building for Edialux (Pelsis Group) in Bornem (Belgium) . The investment will amount to ca. 11 million euros and represent a yield of 6.65 pct . Development of new state-of-the-art air cargo building (ca. 5,000 m²) for Saco Groupair at Brucargo, investment value 3.6 million euros .Delivery of 21,000 m² for DSV Solutions in Ghent, investment value about 21 million euros.  Full Article

Montea and Built to Build develop building for NSK European Distribution Centre
Tuesday, 14 Jun 2016 12:35pm EDT 

Montea CVA : Montea and Built to Build today announced signature of a lease agreement with NSK European Distribution centre . On handover of building, Montea will acquire development, subject to usual conditional terms, for an estimated investment value of 15.4 million euros ($17.26 million), representing an initial yield of 6.50 pct .New build-to-suit project is expected to be operational by Q3 of 2017.  Full Article

Montea to list 447,231 new shares on Euronext Brussels - Euronext
Tuesday, 24 May 2016 08:11am EDT 

Euronext: Montea CVA to list 447,231 new shares at a reference price of 36.25 euro on Euronext Brussels as of May 26 . Reason capital increase Montea CVA: asset contribution Further company coverage: [MONTE.BR] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;)).  Full Article

Montea comments on FY 2016 guidance, proposes 2015 dividend of EUR 2.03/share
Thursday, 25 Feb 2016 01:00am EST 

Montea CVA:Proposal to pay out a 2015 dividend of 2.03 euros per share.Aim to reach the milestone of 600 million euros in fair value for the property portfolio in 2016.  Full Article

Montea invests 50 million euros in strategic locations
Wednesday, 25 Nov 2015 01:20pm EST 

Montea CVA:Acquires plot of land from Greenpark Aalsmeer (Schiphol Area Development Company) extending to area of 60,000 square meters.Purchases modern logistics building of about 20,000 square meters offering high-quality warehouses and about 1,400 square meters of offices on land extending to some 34,000 square meters at the Vossenberg West logistics zone.Says the average lease term until the first break option on both projects is in excess of 16 years and they represent an average initial yield of about 7.1 pct and investment volume of some 50 mln euros.  Full Article

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