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.
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 €