06.11.2020,
4530 Zeichen
Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is responsible for the content of this announcement.
Company Information
06.11.2020
St Helier Jersey / Channel Islands -
Nine months 2020 trading update and a dividend update
Ad hoc announcement - Jersey, 6 November 2020, Atrium European Real Estate
Limited (VSE/Euronext: ATRS), (the "Company" and together with its subsidiaries,
the "Atrium Group" or the "Group"), a leading owner, operator and redeveloper of
shopping centres and retail real estate in Central Europe, provides an update on
both trading for the nine months ended 30 September 2020 and the impact of
Covid-19 on the Group's operations.
A more detailed announcement providing highlights of the period under review
will be distributed and available on the Company's website, shortly after this
announcement.
Key financial and operational figures for the period
In EURm 9M 2020 9M 2019 CHANGE
%/ppt
Net rental income ("NRI") 106.5 133.4 (20.1)
NRI excl. impact of disposals 117.9 133.4 (11.6)
EPRA Like-for-Like NRI 75.9 87.4 (13.1)
Occupancy rate (%) 92.9% 97.0%[1] (4.1)
Operating margin (%) 90.0% 94.6% (4.6)
EBITDA 91.9 116.8 (21.3)
Company adjusted EPRA earnings 56.3 80.5 (30.0)
Dividend update
The Q4 2020 dividend will be paid (as a capital repayment) on 30 December 2020
to shareholders on the register as at 8 December 2020, with an ex-dividend date
of 7 December 2020. The election date for a scrip dividend will start on 9
December 2020 and end on 21 December 2020.
A circular setting out further details on the election being offered to
shareholders pursuant to the scrip dividend alternative, including the election
instructions and information on the exchange ratio, will be posted to
shareholders before the start of the election period, and will be available on
the Company's website.
Following additional government restrictions related to the deteriorating Covid-
19 situation, which has added further uncertainty to the near-term trading
conditions, the Board has decided to delay a decision on the 2021 dividend
policy to the 2020 results announcement in February 2021.
Further information can be found on the Company's website www.aere.com or for
Analysts:
Molly Katz: mkatz@aere.com
Press & Shareholders:
FTI Consulting Inc.: +44 (0)20 3727 1000
Richard Sunderland / Claire Turvey / Andrew Davis: atrium@fticonsulting.com
About Atrium European Real Estate
Atrium is a leading owner, operator and redeveloper of shopping centres and
retail real estate in Central Europe. Atrium specializes in locally dominant
food, fashion and entertainment shopping centres in the best urban locations.
Atrium owns 26 properties with a total gross leasable area of over 808,100 sqm
and with a total market value of approximately EUR2.5 billion. These properties
are located in Poland, the Czech Republic, Slovakia and Russia, and with the
exception of one, are all managed by Atrium's internal team of retail real
estate professionals.
In January 2020, Atrium announced a strategy to diversify its portfolio by
investing in and managing residential for rent real estate, with a primary focus
on Warsaw.
The Company is established as a closed-end investment company incorporated and
domiciled in Jersey and regulated by the Jersey Financial Services Commission as
a certified Jersey listed fund, and is listed on both the Vienna Stock Exchange
and the Euronext Amsterdam Stock Exchange. Appropriate professional advice
should be sought in the case of any uncertainty as to the scope of the
regulatory requirements that apply by reason of the above regulation and
listings. All investments are subject to risk. Past performance is no guarantee
of future returns. The value of investments may fluctuate. Results achieved in
the past are no guarantee of future results.
[1] As of 31 December 2019
end of announcement euro adhoc
issuer: Atrium European Real Estate Limited
Seaton Place 11-15
UK-JE4 0QH St Helier Jersey / Channel Islands
phone: +44 (0)20 7831 3113
FAX:
mail: richard.sunderland@fticonsulting.com
WWW:
http://www.aere.com
ISIN: JE00B3DCF752
indexes:
stockmarkets: Luxembourg Stock Exchange, Wien
language: English
Digital press kit:
http://www.ots.at/pressemappe/2915/aom
BSN Podcasts
Christian Drastil: Wiener Börse Plausch
Börsepeople im Podcast S14/11: Monika Kovarova-Simecek (Upd. 1)
Atrium
Akt. Indikation: 2.90 / 3.17
Uhrzeit: 08:09:14
Veränderung zu letztem SK: 4.75%
Letzter SK: 2.90 ( 0.00%)
Bildnachweis
1.
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