Altarea: EPRA NAV per share up 4.8% in 2019
(CercleFinance.com) - The real estate group Altarea has published an EPRA NAV of 178.
7 euros per share at end-December 2019, up 4.8%, which "stemmed from both the FFO generated and the considerable value creation in Retail (+E121 million)."
Net income from operations (FFO) Group share amounted to 298.8 million euros in 2019 (9.7% compared to 2018 adjusted) for revenues of 3,109.8 million euros, up 29.3%, "with all businesses delivering strong growth."
A dividend of 13 euros per share (+2%) will be proposed for 2019. Shareholders will be able to choose between a 100% cash payment and a payment that is 50% in shares and 50% in cash.
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