New Europe Property Investments plc is a commercial property company registered in 2007 in Isle of Man and subsequently listed on the Main Board of the Johannesburg Stock Exchange (share code NEP), the regulated market of the Bucharest Stock Exchange (share code NEP) and the AIM market of the London Stock Exchange (share code NEPI). The shares are transferable among the three registers.
The investment portfolio is currently focused on Romania but could later include other Eastern European countries. The Group focuses on investments in dominant or potentially dominant retail assets but invests opportunistically in offices as well. The investment strategy is biased towards long-term leases in euro with strong corporate covenants.
The Group is internally managed combining property and asset management, as well as investment and development skills, in an integrated approach.
The Company distributes its net rental profits on a semi-annual basis.
|Number of properties||51||41||34||33||30||29|
|Property value (€m)||874||445||342||314||146||85|
|Gross lettable area (sqm)||433,000||279,000||219,000||214,000||140,000||87,000|
|Distribution per share (€ cents)||26.79||23.29||20.25||17.61||15.77||14.72|
|Adjusted NAV per share (€)||3.70||2.88||2.43||2.22||1.97||1.98|
|Shares in issue||204,544,236||144,362,152||102,783,693||76,933,734||40,657,663||28,150,000|
Share price, ISIN: IM00B23XCH02
Closing price on 30 October 2014
Trading volume last 12 months
Total number of shares in issue