EANS-Adhoc: Atrium European Real Estate Limited / First Half 2020 Financial Results EAE

Wednesday, 05. August 2020 06:47
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Company Information/Earnings/Mid Year Results
05.08.2020

St Helier Jersey / Channel Islands -

Atrium European Real Estate - First Half 2020 Financial Results
Ad hoc announcement- Jersey, 5 August 2020, Atrium European Real Estate Limited
(VSE/Euronext: ATRS), (the "Company" and together with its subsidiaries, the
"Atrium Group" or the "Group"), a leading owner, operator and redeveloper of
shopping centres and retail real estate in Central Europe, announces results for
the six months ended 30 June 2020.

A more detailed announcement providing highlights of the period under review and
an update on trading in light of the COVID-19 pandemic will be distributed and
available, along with the half year 2020 Interim Financial Report, on the
Company's website, shortly after this announcement.

Key financial and Operational figures for the period

In EURm                                             6M 2020 6M 2019  CHANGE
                                                                     %/ppt
Net rental income ("NRI")                           71.4    92.4     (22.8)
EPRA Like-for-Like NRI                              52.2    60.9     (14.2)
EBITDA                                              61.6    81.5     (24.4)
Company adjusted EPRA earnings per share (EURCents) 9.8     15.4     (36.4)
Occupancy rate (%)                                  95.4%   97.0%[1] (1.6)
Operating margin (%)                                90.0%   95.8%    (5.8)
Net equivalent yield                                6.5%    6.4%1    0.1


Update on Q3 dividend

The third quarterly dividend for 2020 will be paid (as a capital repayment) on
30 September 2020 to shareholders on the register as at 9 September 2020, with
an ex-dividend date of 8 September 2020.

The election date for a scrip dividend will start on 10 September 2020 and end
on 22 September 2020.

A circular setting out further details on the election being offered to
shareholders pursuant to the scrip dividend alternative including the election
instructions and information on the exchange ratio, will be posted to
shareholders before the start of the election period, and will be available on
the Company's website.

Further information can be found on the Company's website www.aere.com or for
Analysts:
Molly Katz: mkatz@aere.com

Press & Shareholders:
FTI Consulting Inc.: +44 (0)20 3727 1000
Richard Sunderland/ Ellie Sweeney/ Andrew Davis: scatrium@fticonsulting.com
[scatrium@fticonsulting.com]

About Atrium European Real Estate
Atrium is a leading owner, operator and redeveloper of shopping centres and
retail real estate in Central Europe. Atrium specializes in locally dominant
food, fashion and entertainment shopping centres in the best urban locations.
Atrium owns 26 properties with a total gross leasable area of over 809,000 sqm
and with a total market value of approximately EUR2.5 billion. These properties
are located in Poland, the Czech Republic, Slovakia and Russia, and with the
exception of one, are all managed by Atrium's internal team of retail real
estate professionals.

In January 2020 Atrium announced a strategy to diversify its portfolio by
investing in and managing residential for rent real estate, with a primary focus
on Warsaw.

The Company is established as a closed-end investment company incorporated and
domiciled in Jersey and regulated by the Jersey Financial Services Commission as
a certified Jersey listed fund, and is listed on both the Vienna Stock Exchange
and the Euronext Amsterdam Stock Exchange. Appropriate professional advice
should be sought in the case of any uncertainty as to the scope of the
regulatory requirements that apply by reason of the above regulation and
listings. All investments are subject to risk. Past performance is no guarantee
of future returns. The value of investments may fluctuate. Results achieved in
the past are no guarantee of future results.

[1] As of 31 December 2019

Further inquiry note:
FTI Consulting Inc.:  +44 (0)20 3727 1000

Richard Sunderland/ Ellie Sweeney/ Andrew Davis
scatrium@fticonsulting.com

end of announcement                         euro adhoc
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issuer:       Atrium European Real Estate Limited
              Seaton Place 11-15
              UK-JE4 0QH  St Helier Jersey / Channel Islands 
phone:        +44 (0)20 7831 3113
FAX:          
mail:         richard.sunderland@fticonsulting.com
WWW:          http://www.aere.com
ISIN:         JE00B3DCF752
indexes:      
stockmarkets: Luxembourg Stock Exchange, Wien
language:     English

EAX0002    2020-08-05/06:47

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