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NSI NV (NSTEc.AS)

NSTEc.AS on Amsterdam Stock Exchange

3.88EUR
28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

NSI Q1 net rental income up at 16.1 million euros
Thursday, 20 Apr 2017 05:47am EDT 

April 20 (Reuters) - NSI NV ::Q1 net rental income 16.1 million euros versus 15.1 million euros year ago.Q1 EPRA EPS growth of 30 percent to 0.07 euro ($0.0754) (Q1 2016: 0.05 euro).EPRA NAV per share on March 31 was 4.40 euros versus 4.33 euros on Dec. 31.Operating margin in Q1 has improved to 68.6 percent, up 2.4pp on Q1 2016 (66.2 percent).It is still too early to provide guidance on EPS and DPS for 2017.Further asset rotation may still have a significant impact on the outlook for this year.Confident that effect of lower operating costs, lower overhead costs and lower financing costs will help to limit the potential negative impact of net disposals on EPRA EPS for FY.  Full Article

NSI concludes 285 mln euro refinancing
Tuesday, 20 Dec 2016 01:07am EST 

NSI NV : Concludes 285 million euro ($296 million) refinancing, reducing its cost of debt . Loans were increased by 15 million euros to 265 million euros at lower margins and extended for 1.5 years . Simultaneously, a new 20 million euro unsecured credit facility with Rabobank was agreed which will be merged into existing syndicated loan facility .These transactions will reduce cost of debt below 3.0 pct versus 3.4 pct at end of Q3 and increase average debt maturity to 4.2 years from 3.8 years.  Full Article

Nsi 9 month total direct result down at 33.0 million euros
Friday, 4 Nov 2016 02:17am EDT 

Nsi Nv : Guidance for the direct result is maintained at 0.31- 0.33 euros per share for 2016 . 9 month net rental income 53.6 million euros versus 50.2 million euros year ago . Financial occupancy rate up 1.9 pct to 79.2 pct year-to-date . 9 month total direct result 33.0 million euros versus 37.3 million euros year ago .Expects a further improvement in our occupancy rate in Q4 2016 and in 2017.  Full Article

NSI gross rental income up at 46.9 million euros
Friday, 29 Jul 2016 02:29am EDT 

NSI NV : H1 gross rental income 46.9 million euros ($51.97 million)versus 45.1 million euros year ago . Occupancy rate Dutch portfolio at June 30 78.4 pct versus 77.8 pct year ago . H1 result after tax 10.8 million euros versus 42.4 million euros year ago . EPRA NAV per share at June 30 4.74 euros versus 4.78 euros year ago . Expects a FY direct result per share between 0.31 euros and 0.33 euros .Sees slightly positive organic development of rental income of traditional office portfolio over Q2, and expects this upward trend to continue in H2.  Full Article

NSI acquires office property ‘Glass House’ in Amsterdam
Monday, 18 Jul 2016 02:05am EDT 

NSI NV : NSI acquires office property ‘Glass House’ in Amsterdam . Share offices in Amsterdam in NSI portfolio increases from 24 pct to 30 pct .Acquisition price of 57 million euros ($63.06 million)(excluding purchasing costs) reflects a gross initial yield of over 11 pct.  Full Article

NSI nominates Bernd Stahli as CEO
Thursday, 14 Jul 2016 02:29am EDT 

NSI NV :Nominates Bernd Stahli as CEO.  Full Article

NSI NV concludes 70 million euro financing with Berlin Hyp
Thursday, 30 Jun 2016 11:57am EDT 

NSI NV : NSI concludes 70 million euro ($77.69 million) financing with Berlin Hyp . Agreed with Berlin Hyp as a new financing partner on a 7 year 70 million euro secured financing .New funding agreement will replace existing (secured) financing agreements and finalizes refinancing requirements for 2016.  Full Article

NSI sells industrial portfolio to Urban Industrial
Sunday, 3 Apr 2016 08:00pm EDT 

NSI NV:Sells industrial portfolio to Urban Industrial.Total gross proceeds of these transactions of 48.1 million euro was approx. 9.6 pct below book value as per 31 December 2015.  Full Article

NSI sells 1.68 million Intervest Offices and Warehouses shares
Sunday, 21 Feb 2016 07:00pm EST 

NSI NV:Sells 1.68 million Intervest Offices and Warehouses shares.‍NSI reduces its stake from 15.2 pct to 4.9 pct.  Full Article

NSI proposes final dividend 2015
Friday, 12 Feb 2016 01:01am EST 

NSI NV:Proposes final dividend of 0.14 euro per share, resulting in a total dividend of 0.27 euro per share for 2015.  Full Article

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BRIEF-NSI Q1 net rental income up at 16.1 million euros

* Q1 net rental income 16.1 million euros versus 15.1 million euros year ago