Earnings Call Summary | WERELDHAVE NV(WRDEF.US) Q2 2024 Earnings Conference
Earnings Call Summary | WERELDHAVE NV(WRDEF.US) Q2 2024 Earnings Conference
Loan-to-value ratio is managed to 43%, showing a reduction compared to the previous year.The following is a summary of the Wereldhave N.V. (WRDEF) Q2 2024 Earnings Call Transcript:
以下是Wereldhave N.V.（WRDEF）2024年Q2業績會交流記錄摘要：
Financial Performance:
金融業績：
Wereldhave reported direct results per share of EUR1.75 for 2024, maintaining stable guidance despite challenges.
Indirect results per share showed strong growth due to positive property valuations, particularly in Belgium.
Loan-to-value ratio is managed to 43%, showing a reduction compared to the previous year.
The company achieved a Fitch credit rating of BBB stable, reflecting a strong balance sheet and financial stability.
Wereldhave報告了2024年每股直接業績表現爲1.75歐元，儘管面臨挑戰，但保持了穩定的指引。
每股間接業績數據顯示，由於比利時等地區的正面房地產估值，公司顯示強勁增長表現。
LTV比率守在43％，與上一年相比減少了。
公司獲得了Fitch評級爲BBb穩定的信用評級，反映出強大的資產負債表和財務穩定。
Business Progress:
業務進展：
Implemented full service center transformation, boosting footfall by nearly 10% compared to other formats.
The company continues to shift towards mixed-use properties, increasing from 13.3% to 14.5% of the portfolio.
Significant like-for-like rental growth was sustained, particularly in the Netherlands at +5%.
Focused on enhancing operational efficiency, seen in the reduction of the EPRA cost ratio from last year by 6-7%.
Continued redevelopment and leasing activities strengthen the core portfolio performance.
全面升級服務中心，與其他格式相比提高了近10％的客流量。
公司持續向混合用途房地產轉型，從組合中增加了13.3％到14.5％的比例。
保持重要的類似租金增長，特別是在荷蘭達到了+5％。
專注於提高運營效率，在EPRA成本比去年下降6-7％方面取得了成果。
持續發展和租賃活動增強了核心投資組合的表現。
Opportunities:
機會：
Recovery in the Dutch retail market with sales rising 4%, indicating improved market conditions and potential for further business growth.
Positive property valuations driven by increased estimated rental values (ERVs) present a favorable investment environment.
Full service center format's success provides a blueprint for future transformations and expansions, potentially increasing market share and customer retention.
荷蘭零售市場的復甦，銷售額增長4％，表明市場情況和潛在業務增長有所改善。
由於估計租金價值（ERVs）的增加，正面房地產估值提高爲有利的投資環境。
全面升級服務中心格式的成功爲未來的轉型和擴張提供了藍圖，可能增加市場份額和客戶保留率。
Risks:
風險：
Direct result for the first half-year was negatively impacted by bankruptcies predominantly in Belgium and higher financial expenses, although normalization is expected in H2.
Regulatory changes with the cancellation of the REIT regime in the Netherlands effective from January 1, 2025, pose fiscal challenges and necessitate strategic adjustments.
上半年的直接業績結果受比利時主要破產和更高的財務開支的影響，但預計H2會回歸正常。
荷蘭即將從2025年1月1日起取消REIt制度的監管變化，面臨財務挑戰並需進行戰略調整。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
