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BRIEF-Unibail-Rodamco FY Net Rental Income In Line With Reuters Poll

Published 01/02/2018, 04:00 am
© Reuters.  BRIEF-Unibail-Rodamco FY Net Rental Income In Line With Reuters Poll
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Jan 31 (Reuters) - Unibail-Rodamco UNBP.AS :

* FY NET RENTAL INCOME EUR 1.58 BILLION VERSUS EUR 1.58 BILLION IN REUTERS POLL

* FY RECURRING EARNINGS PER SHARE EUR 12.05 VERSUS EUR 12.03 IN REUTERS POLL

* FY RECURRING NET PROFIT EUR 1.20 BILLION VERSUS EUR 1.20 BILLION IN REUTERS POLL

* TOTAL PORTFOLIO VALUATION AT END-DECEMBER WAS EUR OF 43.1 BILLION, UP +6.3% VERSUS EUR 40.50 BILLION YEAR AGO

* EPRA NAV PER SHARE AT END-DECEMBER WAS EUR 211.0 VERSUS EUR 195.6 YEAR AGO

* GROUP EXPECTS TO GROW ITS RECURRING EPS IN 2018 TO BETWEEN 12.75 AND 12.90 ON A STANDALONE BASIS.

* TO PROPOSE CASH DIVIDEND OF 10.80 PER SHARE

* MEDIUM TERM AND ON STANDALONE BASIS: EXPECTS TO GROW ITS RECURRING EPS AT COMPOUND ANNUAL GROWTH RATE OF BETWEEN +6% AND +8%

* GROUP'S CURRENT BUSINESS PLAN DOES NOT ASSUME ANY ACQUISITIONS, NOR THE WESTFIELD TRANSACTION

* WESTFIELD ACQUISITION: CLOSING IS EXPECTED TO TAKE PLACE IN Q2-2018

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