Leasinvest Real Estate SA: Financial Report for the half year of 2021

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Key indicators for the first half of 2021

For the first half of the 2021 fiscal year, we record the following key data:

  • The proposed business combination with Extensa, approved at an extraordinary general meeting on July 19, 2021, transforms Leasinvest into a mixed investor-developer from that date
  • EPRA * profit rose from € 13.1 million at the end of the first half of 2020 to € 15.6 million (or € 2.64 per share versus € 2.21 per share at the end of the first half of 2020).
  • The net result is 28.0 million euros (4.72 euros per share) at the end of the first half of 2021 (versus -30.7 million euros or -5.18 euros per share at the end of the first half of 2020).
  • Funding costs are again reduced to 2.09% (end of 2020: 2.35%).
  • Occupancy increases to 92.57% (end of 2020: 91.62%).
  • Important leases in Belgium and Luxembourg: full pre-lease of the Monteco office project in the central business district of Brussels and new leases at Mercator-High 5 and at the Pommerloch shopping center in Luxembourg.

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