April 6, 2018 / 4:22 PM / 3 months ago

BRIEF-Arcona Property Fund FY Operating Result Up At Eur 2.13 Million

April 6 (Reuters) - Arcona Property Fund NV:

* 2017 NET RESULT AT EUR 5.56 MILLION VERSUS LOSS OF EUR 292,000 YEAR AGO

* FY OPERATING RESULT EUR 2.13 MILLION VERSUS EUR 748,000 YEAR AGO

* FOR 2018, EXPECTS OPERATING RESULT TO REACH EUR 2.4 MILLION

* PROPOSES DIVIDEND OF EUR 0.14/SHARE IN CASH FOR 2017

* FOR 2018, SEES EXPANSION OF PORTFOLIO THROUGH ACQUISITIONS FOR TOTAL SIZE OF C. EUR 50 MILLION

* EXPECTS TO REACH SIZE OF EUR 500 MILLION IN 2022

* LOAN-TO-VALUE RATIO UP AT 52.7 PERCENT IN 2017

* IN 2017, SIZE OF FUND AT EUR 99 MILLION VERSUS EUR 83 MILLION YEAR AGO Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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