PR Newswire/Les Echos/ PRESS RELEASE Paris, 25 April 2013 Revenues up 1.1% - Like-for-like rental income remains stable Rent stable on a like-for-like basis In EUR millions 31 March 31 March 31 March Change Group Like-for-like 2012 2013 Group Share Share (%) change (%) Hotels 25.9 32.7 28.6 10.5% -1.4% Healthcare 6.8 5.7 5.7 -16.3% 2.4% Retail 11.0 9.9 9.9 -10.3% 3.2% Total rental income 43.7 48.3 44.2 1.1% 0.2% Services 0.5 0.4 0.4 n.a. Total revenue 44.2 48.7 44.6 0.8% Rental income for Foncière des Murs is stable on a like-for-like basis on 31 March 2013. Consolidated revenue stands at EUR44.6 million, up 0.8 % compared with 31 March 2012. The change in the consolidated revenue primarily results from: o Acquisition of 158 B&B hotels made in 2012 generating EUR4.2 million in rental income, Group Share o The positive impact of rental indexation representing EUR0.6 million, partially offset by the downturn in revenue of variable-rent hotels (-EUR0.5 million) o The impact of sales of hotel, healthcare and retail assets (-EUR3.8 million). This increase in rental income shows the resilience of the business model of Foncière des Murs, French leader in premises holding and number one lessor of two of the biggest hotel operators in France (Accor and B&B). EUR134 million in asset sales and sales agreement, at a price 1.8% higher than the appraisal values EUR134 million in asset sales and sales agreement (including sales agreement already signed as of 31 December 2012) have been made, at a price 1.8% higher than the appraisal values for 2012. These disposals and sale agreements covered 35 assets, including: o 11 hotels for EUR66 million hotels. The selling strategy of Accor hotels is being continued, in both ways of premises selling for 6 assets and joint premises and business selling together with Accor for 5 assets. o 22 operating retail premises for EUR61 million. Theses sales of Qucik and Courtepaille premises have been made as single units and as part of portfolios, with various investors. o 2 retirement homes for EUR7 million Outlook for 2013 Foncière des Murs confirms its objective to continue to benefit from the development opportunities, by assisting its tenants in their development activities, thus bolstering existing partnerships. Next financial event: 16 July 2013: Publication of the H1 2012 results CONTACTS Cécile Boyer Sébastien Bonneton Tel: +33 (0)1 58 97 54 47 Tel: +33(0)1 58 97 52 44 firstname.lastname@example.org email@example.com About Foncière des Murs Foncière des Murs, a subsidiary of Foncière des Régions, specialises in the ownership of business premises, especially in the hotel, healthcare, and retail sectors. As a listed real estate investment company (SIIC), Foncière des Régions is a real estate partner for major players in the business properties sector. Foncière des Murs owns a portfolio amounting to EUR3 billion and manages a EUR4 billion portfolio. www.foncieredesmurs.fr About Foncière des Régions As a major player in the service sector real estate for Offices & Key Accounts, Foncière des Régions owns and manages a EUR9.3 billion portfolio that is primarily leased to key accounts who are leaders in their business sectors, including SUEZ Environnement, Thales, Dassault Systèmes, France Telecom, EDF, and Accor, etc. As companies' real estate strategy partner, Foncière des Régions works with clients to design innovative and sustainable solutions. www.foncieredesregions.fr The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication. -0- Apr/26/2013 09:23 GMT
Revenues up 1.1% - Like-for-like rental income remains stable
Press spacebar to pause and continue. Press esc to stop.