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Interim statement 30-09-2021

10/29/2021 | 12:29am

Highlights Q3 2021:

  • Montea sets foot on German soil and expands its land bank with the signing of two immediately income-generating redevelopment projects in Mannheim and Leverkusen
  • Bolstering of commercial strength in the Netherlands with the recruitment of Cedric Montanus
  • Status Track'24: Since the beginning of 2021 Montea has had an identified investment volume of over € 200 million, already half realized and the other half in progress. Hence, Montea is on track with its growth plan and the proposed growth rate of € 800 million over the period 2021 to 2024 (inclusive). These investments comprise a mix of development and expansion projects, purchases of land positions and leased warehouses, as well as investments in solar panels.
  • EPRA earnings of € 2.87 per share, an increase of 8% compared to the same period in 2020

Outlook 2021

  • Growth of the EPRA earnings per share to € 3.74per share (growth of 7% compared with 2020)
  • Growth of the dividend per share for 2021 to € 3.02 per share (increase of 7% compared with 2020)
  • Real estate portfolio grows to at least € 1.6 billion by the end of 2021
  • Montea aspires to make its own operations CO2 neutral by means of offsetting by the end of the year


Montea COMM.VA published this content on 28 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2021 04:27:12 UTC.

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