NEPI Rockcastle Plc (DE:0A3) has released an update.
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NEPI Rockcastle Plc reported a strong financial performance for the first half (H1) of 2024, with a 13.5% increase in net operating income and a 5.6% rise in distributable earnings per share. The company’s portfolio valuation reached €7 billion, maintaining a conservative loan-to-value ratio of 32.2%, and they have also prepared for a €500 million bond repayment due in November 2024. Due to these positive results, the company has raised its guidance for annual growth in distributable earnings per share from 4% to 5.5%, and continues to distribute 90% of earnings as dividends to shareholders.
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