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Beni Stabili SpA Societa di Investimento Immobiliare Quotata (BNSI.MI)

BNSI.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Beni Stabili 9-month rental income down at EUR 141.7 million
Tuesday, 24 Oct 2017 11:38am EDT 

Oct 24 (Reuters) - BENI STABILI SPA :SAYS 9-MONTH RENTAL INCOME EUR 141.7 MILLION VERSUS EUR 149.0 MILLION YEAR AGO‍​.  Full Article

Beni Stabili issues 300 mln euro bond due 2024
Tuesday, 17 Oct 2017 11:58am EDT 

Oct 17 (Reuters) - BENI STABILI SPA SIIQ ::ANNOUNCES ISSUE AND SETTLEMENT OF EUR 300 MILLION 1.625 % SENIOR UNSECURED BONDS DUE 2024‍​‍​.‍NOTES WERE PRICED AT A SPREAD OF 115 BASIS POINTS OVER REFERENCE SWAP RATE​.  Full Article

Beni Stabili appoints banks for investor meetings on potential bond issue
Thursday, 28 Sep 2017 04:14am EDT 

Sept 28 (Reuters) - BENI STABILI :APPOINTS BANKS FOR INVESTOR MEETINGS RELATED TO POTENTIAL BOND ISSUE.SAYS WOULD TARGET MINIMUM OF EUR 300 MILLION AND A TENOR BETWEEN 5 AND 7 YEARS.  Full Article

Beni Stabili H1 net profit falls to EUR 40.7 mln
Tuesday, 18 Jul 2017 09:02am EDT 

July 18 (Reuters) - BENI STABILI SPA ::H1 NET PROFIT EUR 40.7 MILLION VERSUS EUR 131.0 MILLION YEAR AGO.H1 GROSS RENTAL REVENUES EUR 101.9 MILLION VERSUS EUR 98.9 MILLION YEAR AGO.2017 RECURRING NET INCOME TARGET AROUND €0.042/SHARE (+5% VERSUS. PREVIOUS GUIDANCE).ALL STRATEGIC GUIDANCE ARE CONFIRMED WITH 2020 OBJECTIVES WELL TO-TRACK TO BE TIMELY ACHIEVED.  Full Article

Beni Stabili to sell to Luxottica Group offices for about EUR 114.5 mln
Tuesday, 27 Jun 2017 11:47am EDT 

June 27 (Reuters) - BENI STABILI SPA ::SIGNS BINDING AGREEMENT TO SELL TO LUXOTTICA GROUP SPA AN ASSET OF 11,705 SQM OF OFFICES LOCATED IN MILAN VIA SAN NICOLAO FOR ABOUT €114.5 M.PRICE FOR ASSET IS ABOVE BOOK VALUE AND IMPLIES A NET EXIT YIELD OF 4.2% BASED ON A RESIDUAL LEASE MATURITY OF ABOUT 4 YEARS.  Full Article

Beni Stabili adjusts conversion price for convertible bonds due 2021
Monday, 29 May 2017 11:21am EDT 

May 29 (Reuters) - BENI STABILI SPA :SAYS CONVERSION PRICE OF BONDS INTO ORDINARY SHARES HAS BEEN MODIFIED FROM € 1.0001 TO € 0.9853 STARTING FROM 29 MAY.SAYS CHANGE OF CONVERSION PRICE REFERS TO CONVERTIBLE BONDS DUE 2021.  Full Article

Beni Stabili Q1 gross rental income up at EUR 50.9 mln
Wednesday, 3 May 2017 06:47am EDT 

May 3 (Reuters) - Beni Stabili SpA SIIQ ::Q1 gross rental income: EUR 50.9 million ($55.53 million) (compared to EUR 49.6 million in Q1 2016).2020 strategic objectives are confirmed.  Full Article

Beni Stabili exercises option to redeem outstanding bonds due 2019
Tuesday, 11 Apr 2017 11:02am EDT 

Beni Stabili SpA SIIQ : Exercises the option to redeem its outstanding "€270,000,000 2.625 per cent. Convertible Bonds due 2019" .Existing outstanding bonds amount to an aggregate nominal amount of 3,300,000 euros ($3.51 million) representing 1.22 pct of bonds originally issued.  Full Article

Beni Stabili repurchased bonds due 2019 for EUR 266.7 mln
Thursday, 9 Mar 2017 12:00pm EST 

Beni Stabili SpA : Repurchased bonds for 266.7 million euros ($282.12 million), representing 98.78 percent of convertible bonds due April 17, 2019 .The repurchase price for bonds is 111,000 euros per 100,000 euros principal amount per bond, plus 1,009.62 euros accrued and unpaid interest per bond.  Full Article

Beni Stabili reports final results of buyback of bonds due 2019
Wednesday, 1 Mar 2017 02:48am EST 

Beni Stabili SpA SIIQ : Reported on Tuesday the final results of the repurchase of its EUR 270,000,000 2.625 pct convertible bonds due April 17, 2019 . The invitation was initially launched for a maximum overall amount of 270.0 million euros in aggregate principal amount of the bond . The purchase price for the bonds validly tendered and accepted for purchase has been set at 110,000 euros per 100,000 euros in principal amount .At the expiration of the deadline, it received from bondholders valid indications to tender their bonds for an aggregate principal amount of 266.9 million euros.  Full Article

BRIEF-Beni Stabili 9-month rental income down at EUR 141.7 million

* SAYS 9-MONTH RENTAL INCOME EUR 141.7 MILLION VERSUS EUR 149.0 MILLION YEAR AGO‍​ Source text for Eikon: