Tag: Hadley Dean
Poland’s largest owner of retail real estate reported a distributable earnings increase of 9 per cent and headline earnings per share drop of 36 per cent to 6.92 cents per share. The group has also not provided guidance for the year ahead following the impact of the Coronavirus in Poland which has seen the closure of schools, cinemas and other public spaces. Joining CNBC Africa for more is Hadley Dean, CEO of Echo Polska Properties (EPP).
Dutch based real estate company, EPP saw a 9 per cent increase in its distributable earnings for the interim period. The company’s net operating profit also increased to 64. 245 euros from the previous period 59.249 euros. By the end of 2020 the company expects to gain ownership of 28 shopping centres as it awaits to conclude one of its transactions. EPP CEO, Hadley Dean joins CNBC Africa for more.
EPP has released its financial results revealing a 6.7 per cent increase in headline earning per share to EUR 11.60 cents. The Dutch based real estate company have increased its net asset values to 2.4 per cent and it also increased its cost of debt to 2.33 per cent which is up from 2.14 per cent in 2017. Joining CNBC Africa more is Hadley Dean the CEO of EPP NV.
JSE-traded EPP is a pure Polish retail property fund which achieved a total return of 21 per cent in 2018. EPP outperformed the property market with a significant difference from the benchmark index on the JSE property index SAPY, set at a total return of 25 per cent. Hadley Dean, CEO of EPP joins CNBC Africa for more.
Poland’s largest retail property owner EPP's share price shot up d almost 3 per cent after stating that it is on target to deliver full year dividends between 11.6 and 11.8 Euro cents. Joining CNBC Africa to discuss its interims is Hadley Dean, CEO of EPP.
Poland remains happy hunting ground for Echo Polska Properties