In the first half year of 2003, VastNed Offices/Industrialââ¬â¢s direct investment result shows a decrease of 7.8% compared tot the first half year of 2002. The direct investment result per share decreased by 10.0% to EUR 1.44. Shareholdersââ¬â¢ equity per share amounted to EUR 26.07 as at June 30, 2003. The board of management expects the direct investment result per share for the full 2003 financial year to come to approximately EUR 2.80 (2002: EUR 3.10).
Outlook VastNed Offices/Industrial
The company does not expect 2003 to show a strong economic recovery. Vacancy will remain at a high level while rent prices will continue to be under pressure. One favourable development is the continuing low interest rate.
Previously, the board of management has pronounced the expectation for 2003 of a marked decrease of the direct investment result per share. Fully in line with this previous publication, barring unforeseen circumstances, the board of management expects a direct investment result per share of approximately EUR 2.80 for 2003.
VastNed Retail
In the first half year of 2003, VastNed Retailââ¬â¢s direct investment result showed an increase of 5.7% compared to the first half year of 2002. The direct investment result per share rose by 2.4% to EUR 2.12. Shareholdersââ¬â¢ equity per share amounted to EUR 45.93 as at June 30, 2003. The board of management expects the direct investment result per share to come to approximately EUR 4.24 (2002: EUR 4.15).
Outlook VastNed Retail
The company does not expect 2003 to show a strong economic recovery. The expectations for consumer spending are poor. The continuing low interest rate is a favourable development.
Previously, the board of management pronounced the expectation for 2003 of at least an equal direct investment result per share. Due to inter alia the abovementioned low interest rate, the board of management expects, barring unforeseen circumstances, a direct investment result per share of approximately 4.24 for 2003.
Source: VastNed
