Triodos Vastgoedfonds publishes quarterly report third quarter 2018

Press Release

Triodos Vastgoedfonds N.V., Triodos Investment Management’s sustainable real estate fund, has published its quarterly report for the third quarter of 2018.

Due to the recent investments the fund expects gross rental income over 2018 will be around EUR 6 million. The fund will benefit from lowered cost of debt since the average interest costs decreased from 3.1% as per 30 June 2018 to 2.6% as per 30 September 2018 due to successful refinancing activities in 2018. As a result, the fund expects a marked increase in the direct result in 2019. The fund is confident that for 2018 its distribution policy of EUR 0.20 per share will be maintained.

The direct result per share over the first three quarters of 2018 was EUR 0.14 (first three quarters of 2017: EUR 0.13 per share). The indirect result per share over the first three quarters of 2018 was EUR -0.02 (first three quarters of 2017: EUR 0.01 per share).

Due to the recent investments the fund expects gross rental income over 2018 will be around EUR 6 million. The fund will benefit from lowered cost of debt since the average interest costs decreased from 3.1% as per 30 June 2018 to 2.6% as per 30 September 2018 due to successful refinancing activities in 2018. As a result, the fund expects a marked increase in the direct result in 2019. The fund is confident that for 2018 its distribution policy of EUR 0.20 per share will be maintained.

More detailed figures and portfolio developments can be found in the full quarterly report, which can be downloaded above.

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