Kempen European Real Estate Seminar
22-23 May 2024
IMPORTANT MILESTONES | 3 |
RETAIL ESTATES IN NUMBERS | 15 |
FINANCIAL RESULTS | 24 |
2| RETAIL ESTATES
Important milestones 1998-2023
Retail Estates on the stock exchange
IPO and first listing on
Euronext Brussels
1998 1999
Strengthening of the capital
First public capital increase
2015
Strengthening of the capital
Fourth public capital increase
Independant | Value real estate | ||||
Retail Estates becomes | |||||
portfolio | |||||
an independently | |||||
Real estate portfolio | |||||
managed investment | |||||
reaches the milestone of | |||||
company with fixed | |||||
EUR 250 million | |||||
capital | |||||
2002 | 2003 | 2008 | 2011 | ||
Strengthening of | Value real estate | ||||
portfolio | |||||
the capital | |||||
Real estate portfolio | |||||
Second public | |||||
reaches the milestone | |||||
capital increase | |||||
of EUR 500 million | |||||
Diversification of | |||
financing sources | Optional stock dividend | ||
bond issue - private | |||
offered to | |||
placement | |||
the shareholders for | |||
the first time | |||
2014 | 2013 | 2012 | |
Sicaf becomes | Strengthening of the | ||
Belgian Reit | |||
capital | |||
(regulated real | |||
Third public | |||
estate company) | |||
capital increase | |||
3| RETAIL ESTATES
Important milestones 1998-2023
Value real estate portfolio
Real estate portfolio reaches the milestone of EUR 1 billion
2016
Diversification of | Inclusion in EPRA index |
financing sources | The inclusion in the |
bond issue - private | EPRA index contributes |
placement | to the share's visibility |
Full recovery of operating results to
pre-corona level
2023 2022
25th anniversary of Retail Estates
20 years Retail | Value real estate |
Estates on the | portfolio |
stock exchange | Real estate portfolio |
Additional listing on | reaches the |
Euronext Amsterdam | milestone of EUR 1,5 billion |
2018 | 2019 |
Strengthening of the capital
Fifth public capital increase
Expansion to the
Netherlands
Diversification of financing sources
bond issue - private placement of EUR 75 million
2021 | 2020 |
Stable portfolio valuations and increasing dividend
Despite months of mandatory shop closures due
to Corona crisis
4| RETAIL ESTATES
-
Acquisition of Alexandrium Megastores
in Rotterdam"
5| RETAIL ESTATES | Rotterdam, The Netherlands |
Echoes from the retailers
➤ 1. Increased spending on travel and
horeca | |
➤ 2. Seasonal aspects in fashion | |
➤ 3. | Have and have-nots: |
Belgium versus the Netherlands | |
➤ 4. | Price increases versus volumes |
➤ 5. | Elections everywhere |
➤ 6. | Impulsive versus functional buying |
6| RETAIL ESTATES
Pressure on P/L retailers: ups and downs
- Inflation
- Full indexation Belgium : strongly reduced speed
- Full indexation The Netherlands : corrections to the CBS index since 1 March 2023
- Evolution contractual rent versus ERV
- Rent reviews : renewals/break date
- Energy crisis
- The calm after the storm
C. Salary costs
➣ Inflation in nominal and real terms
D. Logistics
➣ Click and bricks
E. Circular economy
➣ Hidden costs
7| RETAIL ESTATES
Outlook for Retail Estates
- PROFITABILITY
- Rental income - incasso - fund
- Vacancy
- Maintenance costs
- Personnel costs
- Interest costs
- Taxes
- Dividend
8| RETAIL ESTATES
Outlook for Retail Estates
B. BALANCE SHEET
- Property value
- Investment capacity
- Financing capacity
- Capital markets
9| RETAIL ESTATES
Outlook for Retail Estates
C. MITIGATING FACTORS
- Low unemployment
- Indexation of wages
- Who is my client's client
- Financial position various tenants
- Trained RE team
- Cost control: OPEX (ESG/SAP)
10| RETAIL ESTATES
Attachments
- Original Link
- Original Document
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Disclaimer
Retail Estates NV published this content on 22 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 May 2024 10:11:03 UTC.