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NSI N.V.

NSI N.V.

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Publicatie datum 09 nov 2012 - 07:19
Statutaire naam NSI N.V.
Titel NSI- one year after merger; stable operational result in difficult market
Bericht • Increase of 24% in direct investment result in first three quarters 2012 compared with same period in 2011 as result of merger with VNOI • Continued market share in Dutch office take up of 6% compared to 1.3% size of portfolio • Occupancy in sqm expected to improve marginally in Q4, further improvement is expected in 2013 • Slight decrease (-1.2%) like-for-like gross rental income Q3 2012 compared with Q2 2012 • Cost synergies (€2.0 million per annum) fully kicking in, within one year after merger and in line with expectations • Q3 2012 direct investment result of €15.9 million, a decrease of 3% versus Q2 2012 (€16.4 million), mainly as a result of a lower contribution from Switzerland due to disposals (70% of portfolio sold in 2012 for € 82.1 million) and stable contribution from Dutch and Belgian portfolio • VNOI merger is significantly accretive to direct result per share • Negative Q3 2012 indirect investment result of €46 million due to revaluations of the real estate portfolio (- € 38 million), predominantly in Dutch office portfolio, and of derivatives (-€8 million) • Interim dividend Q3 2012: €0.24 per share, year to date interim dividend € 0.75 • Loan to value increased to 57.6% in Q3 2012 from 56.4% in Q2 2012 as a result of revaluations.