Aug 21, 2024 / 09:00AM GMT
Jo De Wolf - Montea NV - Chief Executive Officer, Managing Director, Executive Director
(audio in progress) As you have seen in our press release, these results are in line with everything to the market. We put the portfolio to work with and like-for-like rental growth of 4%, 100% occupancy and a 5.13% stable initial yield. We continue our focus on growth with on the first year half EUR150 million of investments, EUR80 million of CapEx acquisition, EUR66 million developments and EUR4 million in energy investments and of course, solid financial result. First time investment grade, BBB+ issuer rating assigned by Fitch, 36% LTV, 7.4 adjusted net debt on EBITDA. Els will give us some more details on our half year results for this year. Els, the floor is yours.
Els Vervaecke - Montea NV - Chief Financial Officer, Represented by Elijarah BV
Let's start with next slide, which is the EPRA results slides. So we have an EPRA result that increased by 16% compared to last year, leading to a EUR45 million EPRA result for the first six months of the year and leading to a EUR2
Half Year 2024 Montea NV Earnings Call Transcript
Aug 21, 2024
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