THE HAGUE, NETHERLANDS--(Marketwire - May 12, 2011) -
Results 1st quarter 2011 Key items - Profit EUR 27.6 mln (2010: EUR 12.6 mln) - Direct result per share EUR 1.27 (+5.8%) - Net asset value per share EUR 74.83 (-0.5%) - Valuation portfolio stable - Sale of non strategic properties for EUR 54.3 mln - Successful private placement of USD 300 mln Hans Pars, CEO Wereldhave N.V. comments: "Mainly due to the property acquisitions made in 2010, the direct result per share rose by 5.8% during the first quarter. In 2011 we have not made any purchases to date. With the sale of a logistic portfolio of six properties in The Netherlands and three smaller properties in the United Kingdom for well over EUR 54 mln, our sales program is well on track. The occupancy rate of our shopping centres, representing well over half of our total portfolio, remained stable, but the occupancy of the offices portfolio dropped, particularly in the United States. We notice that prospective tenants wish to use the current tenant markets and that they are taking their time to make a decision. Our highest priority is to improve the occupancy rate of our offices portfolio." Profit The result for the first quarter of 2011 rose by EUR 15.0 mln to EUR 27.6 mln compared to 2010, the equivalent of EUR 1.21 per share (2010: EUR 12.6 mln or EUR 0.50 per share). The valuation result for the first quarter (including a revaluation of financial instruments of EUR -1.4 mln) amounted to EUR -2.0 mln (2010: EUR -12.0 mln). Exchange rate differences had a positive effect of EUR 2.7 mln on the result (2010: EUR -1.5 mln), primarily because the lower exchange rate for the US-dollar resulted in lower deferred taxes. Click on, or paste the following link into your web browser, to view the associated PDF document. http://www.rns-pdf.londonstockexchange.com/rns/4580G_-2011-5-12.pdf For further information: Wereldhave N.V. Richard W. Beentjes Tel. + 31 70 346 93 25 Wereldhave. Value for tomorrow. www.wereldhave.com Information for analysts: Wereldhave N.V. Charles F. Bloema / Jaap-Jan Fit Tel. + 31 70 346 93 25 This information is provided by RNS The company news service from the London Stock Exchange END
Contact Information:
Contacts:
RNS
Customer
Services
0044-207797-4400
http://www.rns.com