Half Year 2021 Vastned Retail NV Earnings Call Transcript

Jul 29, 2021 / 09:00AM GMT
Operator

Hello, and welcome to the Vastned Half Year Results 2021. (Operator Instructions) Today, I'm pleased to present Reinier Walta, CEO; and Simon Theeuwes, Manager, Investor Relations. Please go ahead with your meeting.

Simon Theeuwes -

Welcome to everyone participating in this Vastned H1 2021 Results Analyst Presentation. I now hand over to Reinier Walta, the CEO of Vastned.

Reinier Walta - Vastned Retail N.V. - CEO, MD & Member of Executive Board

First of all, kind welcome from me to all of you joining us this morning.

In the first half of 2021, Vastned has delivered a relatively good performance in challenging circumstances. Our operational performance confirms this with an occupancy rate of 96.2% and a collection rate of 90%. Our direct result increased from EUR 0.85 to EUR 0.88. The limited decrease of our portfolio value of 1.9% proves the underlying quality and resilience. This also allows for an interim dividend of EUR 0.53.

At the same time, we have made progress on executing a new strategy and by

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