On behalf of the Forum Estates team and Board of Directors, we wish you all the best for 2020.
Forum Estates’ provisionally closed, as yet unaudited, figures (consolidated) show that 2019 ended on a positive note. The property portfolio and rental income grew by 64% and 67%, respectively. Further deleveraging and the contribution of the retail park PCE and a number of properties significantly reduced the debt ratio from 61 to 54%. The occupancy rate remained about the same at 97.25%. The final and audited year-end financial statements are expected by the end of March, in time for the planned capital increase. The final financial statements will be submitted for shareholder approval at the Annual General Meeting in early June.
