Basic Profile & Key Statistics
Main Sector(s): Office, Industrial & LogisticsCountry(s) with Assets: Netherlands, Italy, France, Poland, Germany, Finland, Denmark, Slovakia, Czechia & EnglandNo. of Properties (exclude associate/fund): 111
Key Indicators
Performance Highlight
For YTD 9 months, gross revenue and NPI remain similar YoY. However, distributable income and DPU declined YoY mainly due to higher finance costs, offset by lower tax expenses.
Rental Reversion
Rental reversion is at 10.6% for 3Q 2023.
Divestment
On 6 October, CEREIT divested Viale Europa 95 at a 14.6% premium to the purchased price.
Development
Development of Nervesa 21 is on track to be completed in 1Q 2024 while the Lovosice ONE
Industrial Park I in The Czech Republic and Nove Mesto ONE Industrial Park I / III in Slovakia are
largely completed and close to 50% and 60% pre-let. Maxima is currently under strip out works.
Related Parties Shareholding
REIT Sponsor's Shareholding: ± 10% from medianREIT Manager's Shareholding: Below median by 20% or moreDirectors of...