16 April 2015
Cegereal –Success of Arcs de Seine
Paris, April 16, 2015 – 8:00 a.m.
Quarterly financial information
- Portfolio value (+5%)
Supported by the return of institutional investors on quality office segment in the Greater Paris, the portfolio value increased by 5% leading the company value up to €40.6 per share, at the end of March 2015.
|in millions of euros, as at March 31st, 2015||T1 2015||T1 2014||%|
|IFRS rental income 1Q15||10,7||11,0||-2,7%|
|Portfolio value (replacement value)||946||901||+5,0%|
|In euros per share, as at March 31st, 2015|
|NAV per share||40,6||38,0||+6,8%|
- Increase in occupancy rate up to 91%
In January 2015, Cegereal signed two new leases in Arcs de Seine for a period of 6 years on 2,800 sqm. with Amgen and 1,400 sqm. with Exclusive Networks. The marketing of the site was achieved with the signing of a lease with Boursorama on 1,400 sq.m.
As of April 1, 2015, Arcs de Seine is fully leased with a weighted average residual duration of leases above 6 years.
The global occupancy rate of the portfolio rose from 88.6% to 90.9% year on year.
- Dividends to be distributed in 2015: €1.65 per share
During the Annual Meeting on April 15, 2015, the shareholders approved the annual accounts and the distribution of €1.65 in dividends per share in 2015, to be paid on July 16, 2015.
|April 27-28, 2015||Participation to European Smallcap Event, in Paris|
|July 14, 2015||Ex-dividend date|
|July 16, 2015||Payment of the 2014 dividend|
|July 24, 2015||First-half 2015 results|
|October 22, 2015||Quarterly financial information as of October 31st, 2015|
For further information, please contact:
|Media Relations||Investor Relations|
|Aliénor Miens / 01 53 32 84 77 /||Raphaël Tréguier / 01 42 25 76 36 /|
Created in 2006, Cegereal is a commercial property company that invests in prime office properties in Greater Paris. The portfolio's appraisal value is estimated by independent valuers DTZ Eurexi at €946 million as of March 31, 2015 (replacement value).
To date, the company is the first French property company with a fully certified portfolio from an environmental point of view (HQE and BREEAM 'Very Good') and benefits from the Green Star rating in the international benchmark GRESB.
Cegereal is a REIT listed on Euronext Paris since 2006, in compartment B, with a market capitalization totaled €400 million as of March 31, 201
The annual results presentation and video can be viewed on the Company's website: www.cegereal.com