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Press Release

Care Property Invest announces its participation in the 16th European Large & Midcap event 2016 in Paris

Care Property Invest NV
Posted on: 30 Sep 16

Schoten, Belgium - 30 September 2016 -

Care Property Invest (NYSE Euronext: CPINV), public RREC under Belgian law with the purpose to developand invest in all forms of housing for the elderly referred to in the Residential Care Decree (residential care and service centres, groups of assisted living residences, day care centres etc.) and all forms of housing for people with disabilities, will participate in the 16th European Large & MidcapEvent in Paris. This Event groups over 9,000 investors and over 700 listed and non-listed companies and will take place in Palais Brongniart (75002) on 5 and 6 October.

Care Property Invest will be represented by the following members of its management team: Peter Van Heukelom (CEO) and Filipvan Zeebroeck (CFO). They will present the Company and its strategy to current and future investors and other interested parties during one-to-one meeting sessions.

Half-year 2016 results Care Property Invest

Care Property Invest considers this event to be the perfect occasion to present its half-yearly results to potential investors and other interested parties, after publishing its half-year 2016 financial report on 22 September 2016.The highlights of the report can be found below.

  • A rise in rental income of 18.86% compared to 30 June 2015
  • A rise in the net result on a cash basis of +-19% compared to 30 June 2015.
  • Fair value of the property portfolio: 293 million euros.
  • The Company's debt ratio was 46.89% as at 30 June 2016.
  • Occupancy rate of the projects: 100%.
  • Strengthening of the Management: establishment of a Management Committee and the appointment of its members
  • A continuous focus on the development and management of a balanced and profitable real estate portfolio
  • New Investments in Bonheiden-Rijmenam (13.4 million euros) and Flemish Brabant (17 million euros)

For more information, please contact FilipVan Zeebroeck
CFO
T: +32 4 94 91 10 93
E:: filip.vanzeebroeck@carepropertyinvest.be

Press release (PDF)


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Care Property Invest NV via GlobeNewswire
HUG#2045754
GlobeNewswire
globenewswire.com

Last updated on: 01/10/2016

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