Wereldhave has presented its first quarter results 2008. The highlights are:
- Profit per share €1.73
- Direct result per share €1.23
- Net asset value per share €84.65
- Occupancy rate 94%
Profit The profit for the first quarter of 2008 amounts to €38.2 million or €1.73 per share (first quarter 2007: €54.4 mln. or €2.53 per share). There was a positive property revaluation in all countries, with the exception of the United Kingdom. A lower upwards property revaluation and lower results on disposals are the main reasons for the decrease in profit.
Direct result
The direct result for the first quarter of 2008 amounts to €27.4 million, which is €2.8 million or 9.4% lower than the first quarter of 2007. The decrease of the direct result is caused by lower exchange rates for sterling and the US-dollar and by lower other financial gains and losses, since the direct result for the first quarter of 2007 included a incidental gain of €2.2 million for the surrender of a lease. Exchange rate differences had a total effect of €
