Wereldhave NV is a Dutch real estate investment company that owns and operates shopping centres in northwest continental Europe. The company's properties are located in large regional cities in the Netherlands, Belgium, France, and Finland, with the majority of revenue derived from the Netherlands. Wereldhave principally generates revenue from leasing properties to tenants, which include fashion and accessories stores, restaurants and cafes, consumer electronics retailers, and homeware and household shops. http://www.wereldhave.com
Wereldhave: PRESS RELEASE RESULTS FIRST HALF 2019 Direct result € 65.8m (H1 2018: € 59.7 from continuing operations)">Direct result € 65.8m (H1 2018: € 59.7 from continuing operations) EPRA EPS € 1.44 (H1 2018: € 1.33 from continuing operations)">EPRA EPS € 1.44 (H1 2018: € 1.33 from continuing operations) Netherlands and Belgium solid performance, France challenging">Netherlands and Belgium solid performance, France challenging Indirect result € -125.1m (H1 2018: € -29.3m from continuing operations)">Indirect result € -125.1m (H1 2018: € -29.3m from continuing operations) Outlook: EPRA EPS 2019 between € 2.75 - € 2.80 (€ 2.75 – € 2.85)">Outlook: EPRA EPS 2019 between € 2.75 - € 2.80 (€ 2.75 – € 2.85) Dividend 2019 unchanged at € 2.52, or € 0.63 per quarter">Dividend 2019 unchanged at € 2.52, or € 0.63 per quarter https://finance.yahoo.com/news/wereldhave-press-release-results-first-050908584.html
Wereldhave - Trading update Q3 2019 Gross rental income from continuing operations +4% Occupancy at 95.1% Footfall outperforming market average in all countries Outlook 2019 EPRA EPS reconfirmed at € 2.75 - € 2.80 Dividend 2019 at € 2.52 or € 0.63 per quarter https://finance.yahoo.com/news/wereldhave-trading-q3-2019-051111172.html
The situation regarding the outbreak in Europe of COVID-19 (‘Corona-virus’) is having an unprecedented impact on the business in our shopping centers. In Belgium it was announced on March 13, 2020 that non-essential stores are closed during the weekends, for now until April 3, 2020. In France, starting March 15, 2020, all non-essential stores are closed throughout the country. In the Netherlands, the F&B sector has been closed down as from March 15, 2020. For other retailers no official restrictions have been put in place as of yet, but we do recognize significant risks to the operations of these retailers. These circumstances will not waive any contractual rental obligations unless otherwise directed by local law or regulations. However, Wereldhave will determine on a case-by-case basis how to deal with the contractual obligations of tenants during these extraordinary circumstances. In order to safeguard the Company’s liquidity profile, Wereldhave will postpone any additional capital expenditures where realistically possible. Given the current lack of visibility over the likely duration of the epidemic, it is not currently possible to measure the impact this will have on the Company’s 2020 EPRA EPS. Health and safety of our guests, tenants, partners and employees are of the highest priority for Wereldhave. Our COVID-19 crisis team will continue to monitor the situation while maintaining the business continuity as much as possible. https://www.wereldhave.com/news/corporate-press-updates/update-corona-virus-impact/
Wereldhave N.V. announces it has successfully reopened all of its centers in Belgium and France. The whole portfolio is now open again, as all centers in the Netherlands have remained open for most business over the past months. Monday May 11th marked the end of the lockdown in France and Belgium with the reopening of all Wereldhave shopping centers and a large majority of its stores. After securing the centers and their shops, there was a real desire on the part of retailers to restart their activities in a safe environment. A new customer journey has been designed and rolled out and communicated through a wide range of media, displaying new safety and hygiene regulations that are applicable to all of the centers. This way our customers and tenants can rely on our centers to support them in creating a better and comfortable everyday life in a safe manner. Although some stores will open during the week (with the exception of restaurants and cinemas), Wereldhave’s French centers had more than 80% of stores open already on Monday. All stores authorized to open will be open by Friday. In Belgium, nearly all of the stores that are authorized to reopen have reopened. https://www.wereldhave.com/news/cor...fully-reopened-its-centers-in-belgium-france/
Wereldhave N.V.: Results H1 2021 Major step in phasing out France: sold four out of six French assets for € 305m Benelux disposal program finalized, Koningshoek sold above book value LTV down to 46% - pro-forma for four asset French disposal 42% Dutch valuations stabilizing for the first time in nine valuation rounds As a result of disposals, outlook 2021 direct result now at € 1.75 - 1.85 per share Outlook direct result 2022 reiterated at € 1.40 - € 1.50 per share; to be followed by 4 - 6% annual growth Dividend guidance 2021 minimum € 1.00 per share https://finance.yahoo.com/news/wereldhave-n-v-results-h1-050000100.html
