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26.02.2020 – 06:50

Atrium European Real Estate Limited

EANS-Adhoc: Atrium European Real Estate Limited
2019 Financial Results - ATTACHMENT

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  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is responsible for the content of this announcement.
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Annual Financial Report
25.02.2020

St Helier Jersey / Channel Islands -
          Atrium European Real Estate Limited - 2019 Financial Results
Jersey, 26 February 2020, Atrium European Real Estate Limited (VSE/Euronext:
ATRS), (the "Company" and together with its subsidiaries, the "Atrium Group" or
the "Group"), a leading owner, operator and redeveloper of shopping centres and
retail real estate in Central Europe, reports its financial results for the year
ended 31 December 2019.

A more detailed announcement providing the highlights for 2019 will be
distributed and available, along with the full 2019 Annual Report, on the
Company's website, shortly after this announcement.

Key financial figures for 2019 are provided below:
KEY FINANCIAL FIGURES FOR THE PERIOD

                                                             2019  2018  CHANGE
                                                             EURm  EURm  %/ppt
EPRA Like-for-Like NRI excl. Russia and held for sale assets 56.4  55.1  2.4%
EPRA Like-for-Like net rental income                         81.7  80.8  1.1%
Net rental income excl. Russia                               140.9 139.8 0.8%
Net rental income                                            176.4 178.9 (1.4%)
EBITDA¹                                                      153.6 156.4 (1.8%)
Company adj. EPRA earnings per share¹ (EURcents)             28.0  29.3  (4.3%)
Profit after taxation for the year                           84.4  60.6  39.3%
Net Equivalent yield (in %)                                  6.4   6.4   -
Occupancy rate (in %)                                        97.0  96.6  0.4%


2020 dividend:

* The Board decided to maintain the Group's annual dividend, payable as a
  capital repayment, at EURcents 27 per share for 2020, demonstrating its
  continued confidence in the Group's prospects and its evolving strategy. The
  dividend will be paid in equal quarterly instalments and will continue to be
  reviewed quarterly.
* The first quarterly dividend of 6.75 EURcents per share is due to be paid as a
  capital repayment on 31 March 2020 to shareholders on the register as at 24
  March 2020, with an ex-dividend date of 23 March 2020.



(1) Adjusted for EUR6m in 2019 and EUR2m in 2018 for transaction costs in
relation with the recommended cash acquisition by Gazit Globe and in 2018:
EUR4.5m fee in relation with the takeover of Atrium Dominikanska management
contract



Further information can be found on the Company's website www.aere.com or for
Analysts:
Molly Katz: mkatz@aere.com

Press & Shareholders:
FTI Consulting Inc.: +44 (0)20 3727 1000
Richard Sunderland/Claire Turvey: atrium@fticonsulting.com
[atrium@fticonsulting.com]

About Atrium European Real Estate
Atrium is a leading owner, operator and redeveloper of shopping centres and
retail real estate in Central Europe. Atrium specializes in locally dominant
food, fashion and entertainment shopping centres in the best urban locations.
Atrium owns 26 properties with a total gross leasable area of over 809,000 sqm
and with a total market value of approximately EUR2.6 billion. These properties
are located in Poland, the Czech Republic, Slovakia and Russia, and with the
exception of one, are all managed by Atrium's internal team of retail real
estate professionals.

In January 2020 Atrium announced a new strategy to diversify its portfolio by
investing in and managing residential for rent real estate, with a primary focus
on Warsaw.


The Company is established as a closed-end investment company incorporated and
domiciled in Jersey and regulated by the Jersey Financial Services Commission as
a certified Jersey listed fund, and is listed on both the Vienna Stock Exchange
and the Euronext Amsterdam Stock Exchange. Appropriate professional advice
should be sought in the case of any uncertainty as to the scope of the
regulatory requirements that apply by reason of the above regulation and
listings. All investments are subject to risk. Past performance is no guarantee
of future returns. The value of investments may fluctuate. Results achieved in
the past are no guarantee of future results.




Further inquiry note:
For further information:
FTI Consulting Inc.:
+44 (0)20 3727 1000
Richard Sunderland
Claire Turvey
Richard.sunderland@fticonsulting.com

end of announcement                         euro adhoc
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Attachments with Announcement:
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http://resources.euroadhoc.com/documents/279/0/10410733/1/ATRIUM_2019_ANNUAL_FINANCIAL_REPORT_Eng_final_.pdf

 
issuer:       Atrium European Real Estate Limited
              Seaton Place 11-15
              UK-JE4 0QH  St Helier Jersey / Channel Islands 
phone:        +44 (0)20 7831 3113
FAX:          
mail:      richard.sunderland@fticonsulting.com
WWW:       http://www.aere.com
ISIN:         JE00B3DCF752
indexes:      
stockmarkets: Wien, Luxembourg Stock Exchange
language:     English