Reuters logo
BRIEF-Merlin Properties FY EBITDA up 61.5 pct YoY, increases dividend
February 28, 2017 / 6:14 AM / 7 months ago

BRIEF-Merlin Properties FY EBITDA up 61.5 pct YoY, increases dividend

Feb 28 (Reuters) - Merlin Properties SOCIMI SA:

* FY gross rents 351.0 million euros ($371.8 million) versus 214.4 million euros year ago, up 63.7 percent year on year

* FY EBITDA 260.3 million euros versus 161.2 million euros year ago, up 61.5 percent year on year

* FY net profit 582.6 million euros versus 49.1 million euros year ago

* EPRA NAV 11.23 euros per share at end-Dec. 2016 versus 9.85 euros per share at end-Dec. 2015, up 14.0 percent year on year

* Says to pay complementary dividend for 2016 of 0.20 euros per share in May, 11 percent higher than expected

* Sees FY 2017 dividend of 0.44 euros per share, up 10 percent above 2016

* Sees 10 percent growth potential in annualized rents and debt reduction of 200 million euros early repayment in 2017

Source text for Eikon:

Further company coverage: ($1 = 0.9441 euros) (Gdynia Newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below