16.04.2015 08:02:16

Cegereal, the French Core Office REIT : First-Quarter 2015 - Success of Arcs de Seine


Paris, April 16, 2015 - 8:00 a.m.
Quarterly financial information

Cegereal -Success of Arcs de Seine

  • Portfolio value (+5%)

Supported by the return of institutional investors on quality office segment in the Greater Paris, the portfolio value increased by 5% leading the company value up to €40.6 per share, at the end of March 2015.

in millions of euros, as at March 31st, 2015 Q1 2015 Q1 2014 %
IFRS rental income 1Q15  10.7  11.0 -2.7%
Portfolio value (replacement value)   946    901  +5.0%
In euros per share, as at March 31st, 2015    
EPRA NNNAV  36.0  34.1 +5.6%
NAV per share  40.6  38.0 +6.8%
Stock price    29.5  24.4 +20.9%
Dividend    1.65  1.50 +10.0%
  • Increase in occupancy rate up to 91%

In January 2015, Cegereal signed two new leases in Arcs de Seine for a period of 6 years on 2,800 sqm. with Amgen and 1,400 sqm. with Exclusive Networks. The marketing of the site was achieved with the signing of a lease with Boursorama on 1,400 sq.m.
As of April 1, 2015, Arcs de Seine is fully leased with a weighted average residual duration of leases above 6 years.
The global occupancy rate of the portfolio rose from 88.6% to 90.9% year on year.

  • Dividends to be distributed in 2015: €1.65 per share 

During the Annual Meeting on April 15, 2015, the shareholders approved the annual accounts and the distribution of €1.65 in dividends per share in 2015, to be paid on July 16, 2015.

  • Agenda

April 27-28, 2015        Participation to European Smallcap Event, in Paris
July 14, 2015             Ex-dividend date
July 16, 2015             Payment of the 2014 dividend
July 24, 2015             First-half 2015 results
October 22, 2015       Quarterly financial information as of October 31st, 2015

For further information, please contact:

Investor Relations Media relations
Raphaël Tréguier  / +33 (0)1 42 25 76 36 / Aliénor Miens / +33 (0)1 53 32 84 77 /
raphael.treguier@cegereal.com alienor.miens@citigate.fr

About Cegereal
Created in 2006, Cegereal is a commercial property company that invests in prime office properties in Greater Paris. The portfolio's appraisal value is estimated by independent valuers DTZ Eurexi at €946 million as of March 31, 2015 (replacement value).
To date, the company is the first French property company with a fully certified portfolio from an environmental point of view (HQE and BREEAM 'Very Good') and benefits from the Green Star rating in the international benchmark GRESB.
Cegereal is a REIT listed on Euronext Paris since 2006, in compartment B, with a market capitalization totaled €400 million as of March 31, 2015

The annual results presentation and video can be viewed on the Company's website: www.cegereal.com.




This announcement is distributed by Nasdaq OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Cegereal SA via Globenewswire

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