Forum Estates is weathering the corona crisis particularly well. The Q3 KPIs confirm that a strategy that focuses primarily on supermarket real estate and secondarily on do-it-yourself real estate is the right choice. Supermarket real estate appears to be not only resistant to e-commerce but also to be pandemic resistant.
Rental income remained stable, despite the corona impact of just under EUR 500,000 on an annual basis. The occupancy rate remained stable, and the net debt ratio declined slightly to 53.5%. In addition, some new supermarkets were acquired in 2020, and a number of properties that no longer matched the strategy were divested.
CEO Stefan De Bock: “I am very pleased with the current state of affairs. In the fourth quarter, we are making a final sprint with a number of great acquisitions. In addition, we have already been able to secure several attractive supermarket positions for 2021 and 2022!”.
24 October 2020