|
Key figures Results (amounts x EUR 1,000)
The published figures in this press release are consolidated figures. The only (non-material) participation and 100% subsidiary company has been incorporated in the consolidated figures.
| |||||
|
|
to March 2006
|
to March 2005
| |||
|
|
|
|
|
| |
|
Direct result |
5,413 |
|
5,468 |
| |
|
Indirect result |
37 |
|
3,298 |
| |
|
|
|
|
|
| |
|
Profit |
5,450 |
|
8,766 |
| |
|
|
|
|
|
| |
|
Direct result per share |
1.01 |
EUR |
1.02 |
EUR | |
|
|
|
|
|
| |
|
Profit per share |
1.02 |
EUR |
1.64 |
EUR | |
|
|
|
|
|
| |
|
Equity |
|
|
|
| |
|
|
31-03-2006 |
31-12-2005 | |||
|
Investment properties |
320,163 |
|
319,894 |
| |
|
Shareholders' Equity |
339,274 |
² |
333,824 |
¹ | |
|
|
|
|
|
| |
|
Net asset value per share |
63.63 |
EUR² |
62.61 |
EUR¹ | |
|
|
|
|
|
| |
|
Number of shares |
5,331,947 |
|
5,331,947 |
| |
|
|
|
|
|
| |
|
1) before profit distribution |
|
|
|
| |
|
²) including current earnings, before payment of dividend |
| ||||
|
Direct
result |
The direct result of Comm. VA Wereldhave Belgium SCA amounts to EUR 5.4 mln (2005: EUR: 5.5 mln). This slight decrease is the result of higher net rental income (EUR 0.2 mln), higher costs for unoccupied buildings (EUR 0.2 mln) and higher general and other operating costs (EUR 0.1 mln). The direct result per share amounts to EUR 1.01 (2005: EUR 1.02).
| |
|
Profit |
The profit for the first quarter of 2006 decreased from EUR 8.8 mln to EUR 5.5 mln. This is the result of a lower revaluation of the property investment portfolio (EUR 3.3 mln).
| |
|
* Not audited.
| ||
|
Property portfolio |
At March 31, 2006 the fair value of the property portfolio amounted to EUR 320.2 mln (December 31, 2005: EUR 319.9 mln). The net increase of EUR 0.3 mln can mainly be attributed to investments. The occupancy rate, expressed in a percentage of market rent, amounts to 84% (2005: 79%). The vacancy concerns only the office portfolio. In Tournai plans have been prepared for the expansion of the shopping centre. In view of this, on February 9, a plot of land was acquired.
At March 31, 2006 the debt ratio, in accordance with Article 52 of the Royal Degree of April 10, 1995, applicable on the Sicafis, based on Belgian GAAP, amounts to 6.0%*.
| |
|
Dividend |
In accordance with the proposition of the Management Company, the Annual General Meeting of Shareholders decided on April 12, 2006, to attribute a dividend of EUR 3.75 gross (EUR 3.19 net). As from April 21, the share quotes ex-dividend.
| |
|
Prospects |
Wereldhave is not yet forecasting a result for the year 2006. Wereldhave Belgium's profit development will be mainly dependent on the letting of vacant office space.
| |
|
|
Vilvoorde, May 9, 2006 |
N.V. Wereldhave Belgium S.A.
Statutory Management Company |
|
|
For further information:
Wereldhave Belgium Eddy De Landtsheer Tel. + 32 2 732 19 00 |
|
|
|
| |
|
* The disputed fiscal claim of EUR 50,938 mln, is not taken into account in the calculation. For that matter, the total sum is guaranteed by Wereldhave NV, shareholder of Comm. VA Wereldhave Belgium. | ||
For the full version of the press release, including all the tables, please click on the link below:
