Full Service Center footfall continues to power ahead: 10% above Q1 2023- Retail sales +5%, well above inflation
- Polarizing leasing market in the Benelux with several expanding formulas but also some bankruptcies
- Leasing spreads in
the Netherlands moving into positive territory - Rent collection >97% underpinning tenant quality
- LTV improved to 41.5% due to positive Belgian revaluations (ERV driven) and targeted CAPEX
- Update on short-term strategic focus: rotating capital out of
the Netherlands to further reduce LTV - Full Service Center Sterrenburg awarded with the 2024 Kern annual development award
- Forecast FY 2024 DRPS € 1.75 reiterated
Attachment
- Trading update Q1 2024
Wereldhave N.V.
© OMX, source