In the first quarter of 2017, total gross rents in the real estate portfolio increased by 4.5% compared to the same period last year, to reach 10.3 million euros.
| In millions of euros – 3 months |
|
2017 |
2016 |
Variation |
% |
| Constant perimeter |
|
9,5 |
9.4 |
$0.1 |
+ 0.9% |
| Effect of acquisitions |
|
0.7 |
0.1 |
+ 0.6 |
N/A |
| Assets sold or restructured |
|
0.1 |
0.4 |
-0.3 |
N/A |
| Total gross rents |
|
10.3 |
9,9 |
$0.4 |
+ 4.5% |
The increase in gross rents was mainly due to the full-year effect of the 2016 acquisitions.
After a sustained pace of deliveries and acquisitions in 2016, there were no significant transactions in the firs
t quarter of 2017.
Wealth – Commerce will propose a dividend of 1.08 euros per share at the next general meeting, with option for the payment of the dividend in new shares of the company
Perspectives
Eric Duval, Managing Director and Founder of Heritage Trade said: "We have a good visibility on our 2017 outlook. Our pipeline of identified acquisitions will enable us to achieve our growth objectives. Given this first quarter, and with a strong financial structure, we are confident in the ability of Heritage and Commerce to continue its development."