Today’s Ordinary General Meeting of Beni Stabili SpA Siiq’s shareholders, chaired by Prof. Enrico Laghi, has approved the Company’s separate financial statements for the year ended 31 December 2011 and took cognizance the consolidated financial statements for the same period. Year 2011 ended with a Recurring Cash Result (“EPRA Recurring Net Income”) of €87.3m. Considering also real estate portfolio and derivative instruments Mark-to-Market, the consolidated net profit amounted to €18.8m. The total carrying amount of property portfolio was equal to €4,341.0m at 31 December 2011 and the diluted NNNAV was €0.971 per share (related to a total diluted NNNAV of €2,113.8m). Net debt at 31 December 2011 amounted to €2,232.8m, corresponding to a Loan to value of 51.4%. The Ordinary General Meeting hence approved the payment of an ordinary dividend of €0.022 per share, equivalent to a total pay-out of €42.1m (48% of EPRA Recurring Net Income) based on each share owned and outstanding on the coupon detachment date, excluding treasury shares in the portfolio on that date. The dividend will be paid as from May 17, 2012, coupon number 15, being May 14, 2012 the ex-dividend date. (...)
Beni Stabili Siiq: Annual General Meeting approves 2011 financial statements
Payment of dividend of €0.022 per share - 18/04/2012, 14:56 | Milano | Beni Stabili S.p.A. SIIQ
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