Home Invest Belgium posted strong quarterly results

Home Invest Belgium has seen strong results in the first quarter, as has the occupancy rate. This was revealed on Wednesday evening in a press release from the real estate group.

The EPRA result increased by 15.9 percent to 3.1 million euros in the first three months of 2023. Per share, this was 0.17 euros compared to 0.16 euros in the first three months of last year.

The real value of the real estate portfolio increased to 774 million euros. More than 93 percent of this consists of residential real estate. Home Invest’s net asset value was EUR 21.02 per share, a decrease of 1.8 percent compared to the end of 2022. The occupancy rate reached 98.5 percent at the end of June. This was 98.2 percent in the first three months of 2022.

Finally, the debt ratio was 51.87 percent based on IFRS.

For 2023, Home Invest Belgium expects EPRA earnings per share to rise to EUR 1.10 compared to EUR 1.08 per share in 2022. In 2023, EUR 1.10 per share will also be paid out, consisting of a gross dividend of EUR 1.00 and a reduction in equity of EUR 0.10 per share. For the coming years, Home Invest foresees an increase in the dividend in line with inflation or higher than inflation.

The author: Clémentine FORISSIER

Clémentine Forissier, a youthful journalist hailing from Brussels, has been making waves in the field of media. Despite her relatively young age, she has quickly risen to prominence as a prominent voice in Belgian journalism. Known for her fresh perspective and dynamic reporting, Clémentine has become a recognized figure in the Brussels media scene, offering insightful coverage of various topics.

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