DIM Vastgoed records 26.1% profit increase during first nine months

DIM Vastgoed N.V. realizes an increase of its profit after tax of 26.07% during the first nine months of this year. The increase is mainly due to lower tax and interest costs. Direct yield on an annual basis is 10.14%. Profit per average outstanding share has increased by 21.18% to $ 1.03 from $ 0.85 during 2001.

The value of the real estate portfolio has increased by 0.83% and as per September 30 2002 now stands at $ 240,558,422. Gross revaluation increases during the first nine months now amounts to $ 2,518,583. Net revaluation stands at $ 823,339 due to reservations for future taxes and management costs. Indirect result amounts therefore to 1.45% on an annual basis.

Total yield during the first nine months therefore amounts to 11.59% on an annual basis, compared to last yearÂ's 12.16%. Occupancy rate stands at 97.5% as per September 30 2002.

For more information please visit www.dimvastgoed.nl.

(source: DIM Vastgoed)

Related News