Wereldhave has presented its interim results 2008. The highlights are:
- Profit per share €2.32
- Direct result per share €2.43
- Occupancy rate 94.7%
- Wereldhave share component of AEX
Profit
The profit for the first half year of 2008 (direct and indirect result) amounts to €52.4 mln, or €2.32 per share (H1 2007: €114.7 mln or €5.31 per share). The turmoil on financial markets and the credit crunch have put an end to years of positive property revaluations. Property values have stabilised, resulting in lower revaluation results and lower surpluses on disposals compared with 2007. The revaluation of the property portfolio was slightly positive in all countries, with the exception of the United Kingdom and France.
Direct result
The direct result for the first half year of 2008 amounts to €54.0 mln, which is €2.7 mln or 4.7% lower than the first half of 2007. Exchange rate differences on GBP and USD had a negative effect of €
