REGULATED INFORMATION
Highlights
INVESTMENT PROPERTIES
•
• Property costs decrease by € 0.9 M due to higher occupancy rate.
• The revaluation of the investment properties at the end of 2023 has a limited negative impact of -0.9%.
• A profit of € 2.1 M was realised on the sale in early
DEVELOPMENT PROJECTS
• Tour & Taxis: Higher development result (€ 4.4 M margin recognised) in
• Cloche d’Or: 100% letting of the delivered office buildings Emerald and
OPERATIONAL EFFICIENCY
Decrease in overhead costs compared to the same period last year (€ -2.1 M), despite the inflationary environment.
ACTIVE FINANCIAL MANAGEMENT
The average cost of funding increases slightly from 2.18% to 2.67%, thanks to the hedging policy. At the end of 2023, the hedge ratio was 79% and a headroom existed of € 88 M on the existing credit lines.
NET RESULT
Net result (group share) amounts to € 24.49M or € 2.45 per share.
The lower result compared to the exceptional year 2022 (net result of € 71.3 M) is mainly due to:
• Limited activity in the institutional real estate market in 2023, where in 2022 profits were realised on sales of the Monnet and Titanium buildings (€ 28.3 M vs € 2.1 M in 2023).
• The negative revaluation of the financial assets and liabilities in 2023 (€ -7.3 M) versus the positive revaluation in 2022 (€ +15.6 M).
SALE OF THE RETAIL PROPERTY IN FOETZ
Sale in early
DIVIDEND
Proposal to pay a gross dividend of €1.50 per share, which will be offered as an optional dividend if appropriate.
CLEAR CHOICE FOR A FOSSIL-FREE PORTFOLIO
In 2023, the decision was taken to align all new developments with the criteria of the EU taxonomy (within the climate mitigation objective) and an action plan was drawn up to move towards a fossil-free portfolio.
For more information
Gare Maritime, Picardstraat 11, B505, 1000 Brussels
+32 2 882 10 08 | investor.relations@nextensa.eu
www.nextensa.eu
About Nextensa
The company’s investment portfolio is divided between the Grand Duchy of Luxembourg (43%),
As a developer,
The company is listed on Euronext Brussels and has a market capitalisation of € 488.6 M (value 31/12/2023).
Attachment
- NEX_Annual Results_ENG_final
© OMX, source