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Echo Polska Properties REIT posts EUR 3.14 profit per share in Sept.-Dec. 2016, maintains plans for 2017

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Echo Properties Polska REIT (EPP), minority owned by listed real estate group Echo Investment, posted EUR 3.14 profit per share in the four-month period to end-2016 and is on track to realize plans for 2017.

The result exceeded by 2.2% forecasts formulated before market debut, the statement shows.

 

The results help EPP to build "a leading cash-generating Polish property group that delivers sustainable dividend growth," CEO Hadley Dean said as quoted in the statement.

 

“Asset management initiatives and the accretive benefits of all post-listing acquisitions ensure that EPP remains on track to achieve our forecast distributions for the full year to December 2017," Dean also said.

 

EPP holds a property portfolio worth EUR 1.4 bln, up by 17% in the last six months, the company also said.

 

EPP is dual-listed in Johannesburg and in Luxembourg.

2017-03-10



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