LTV

EQS-News: CLIQ Digital reports full year 2023 results

Retrieved on: 
Wednesday, March 13, 2024

Regionally, North American and European sales in FY 2023 grew by 25% and 7% respectively, whereby the market environment in Europe remained competitive.

Key Points: 
  • Regionally, North American and European sales in FY 2023 grew by 25% and 7% respectively, whereby the market environment in Europe remained competitive.
  • Customer acquisition costs (CAC): In FY 2023, the customer acquisition costs grew by 21% to €135 million (PY: €112 million).
  • This increase resulted in a greater number of marketing campaigns aimed to acquire new members with a higher lifetime value.
  • The cash outflow from financing activities during 2023 was €13 million (2022: €8 million) and included €12 million dividend distribution (2022: €7 million).

EQS-News: ESPG AG: Strong support for proposed resolutions to amended ESPG bond terms – next management call

Retrieved on: 
Wednesday, March 13, 2024

In discussions with diverse bondholders, the Management Board has so far received very positive feedback regarding the proposed suspension of the total LTV covenant as of 31 December 2023.

Key Points: 
  • In discussions with diverse bondholders, the Management Board has so far received very positive feedback regarding the proposed suspension of the total LTV covenant as of 31 December 2023.
  • Further details of the suggested process until the maturity of the bond in September 2026 will be published on the ESPG website in the next days.
  • Dr Ralf Nöcker, Management Board of ESPG AG, comments: "Following constructive discussions with bond investors, we expect a strong support for the suspension of the LTV covenant for the previous year, should this turn out to be necessary.
  • Together with our investors, we want to develop ESPG into the market leader for science park portfolios in Europe.”

EQS-News: Grand City Properties S.A. announces FY 2023 results with robust operational growth and stable LTV

Retrieved on: 
Wednesday, March 13, 2024

Adjusted EBITDA of €320 million in FY 2023, higher by 4% as compared to €308 million in FY 2022.

Key Points: 
  • Adjusted EBITDA of €320 million in FY 2023, higher by 4% as compared to €308 million in FY 2022.
  • EPRA LTV (considering perpetual notes as debt) as of December 2023 is 48%, up from 46% in December 2022 due to negative property revaluation.
  • Luxembourg, March 13, 2024 – Grand City Properties S.A. (“GCP” or the “Company”) announces results for the financial year 2023 with robust operational performance, strong liquidity position and conservative financial leverage maintained.
  • In 2023, GCP continued its proactive approach of strengthening liquidity, reducing refinance risk and maintaining a conservative financial profile with stable LTV ratio.

EQS-News: Operationally successful FY 2023 for TAG; sales results in Poland exceed guidance; significantly increased net liquidity from disposals in Germany; LTV stable despite portfolio devaluation  

Retrieved on: 
Wednesday, March 13, 2024

Operationally successful FY 2023 for TAG; sales results in Poland exceed guidance; significantly increased net liquidity from disposals in Germany; LTV stable despite portfolio devaluation

Key Points: 
  • Operationally successful FY 2023 for TAG; sales results in Poland exceed guidance; significantly increased net liquidity from disposals in Germany; LTV stable despite portfolio devaluation
    The issuer is solely responsible for the content of this announcement.
  • Based on a comparable portfolio (like-for-like), total rental growth, including the effects from vacancy reduction, was 2.3% (FY 2022: 2.7%) p.a.
  • The vacancy rate for these apartments was 2.2% at the end of the year, after 3.9% at the end of 2022.
  • The total sales volume of EUR 479.0 m increased significantly in 2023 compared to the previous year (EUR 264.2 m).

EQS-News: ESPG bond: Registration period for vote ends on 15 March 2024 – Quorum not yet reached – Recommendation to accept the countermotion

Retrieved on: 
Wednesday, March 13, 2024

ESPG recommends all bondholders to vote in favour of the countermotion.

Key Points: 
  • ESPG recommends all bondholders to vote in favour of the countermotion.
  • The vote without a meeting will take place from 18 March to 20 March 2024.
  • Bondholders entitled to vote must register with the notary appointed by the company, Dr Johannes Beil, by the end of 15 March 2024 at the latest.
  • The countermotion – as well as correspondingly updated voting forms - can be accessed via the following link on the ESPG website: https://espg.space/investor_relations/corporate-bond-2018-2026/ .

EQS-News: FY 2023 preliminary financial results in line with guidance: EBITDA of EUR 54.1m - PATRIZIA proposes sixth consecutive increase in dividends and signals cautious optimism for FY 2024

Retrieved on: 
Wednesday, March 13, 2024

FY 2023 preliminary financial results in line with guidance: EBITDA of EUR 54.1m - PATRIZIA proposes sixth consecutive increase in dividends and signals cautious optimism for FY 2024

Key Points: 
  • FY 2023 preliminary financial results in line with guidance: EBITDA of EUR 54.1m - PATRIZIA proposes sixth consecutive increase in dividends and signals cautious optimism for FY 2024
    The issuer is solely responsible for the content of this announcement.
  • PATRIZIA remained an active net buyer in the market with investments signed for clients more than offsetting disposals and redemptions.
  • The investment activity for domestic and international clients supported the successful geographical and product diversification of PATRIZIA during FY 2023.
  • Additionally, a market driven impairment on consolidated seed investing/ warehousing inventory real estate of EUR 16.9m burdened FY 2023 results.

Grand City Properties S.A. announces FY 2023 results with robust operational growth and stable LTV

Retrieved on: 
Wednesday, March 13, 2024

Adjusted EBITDA of €320 million in FY 2023, higher by 4% as compared to €308 million in FY 2022.

Key Points: 
  • Adjusted EBITDA of €320 million in FY 2023, higher by 4% as compared to €308 million in FY 2022.
  • EPRA LTV (considering perpetual notes as debt) as of December 2023 is 48%, up from 46% in December 2022 due to negative property revaluation.
  • Luxembourg, March 13, 2024 – Grand City Properties S.A. (“GCP” or the “Company”) announces results for the financial year 2023 with robust operational performance, strong liquidity position and conservative financial leverage maintained.
  • In 2023, GCP continued its proactive approach of strengthening liquidity, reducing refinance risk and maintaining a conservative financial profile with stable LTV ratio.

Custodian Property Income REIT plc: Two further sales agreed bringing total announced disposals in 2024 to c. £30 million, reflecting a 24% average premium to book value

Retrieved on: 
Wednesday, March 13, 2024

This brings the total assets under offer to sell since 31 December 2023 to four, including a vacant former car dealership in Redhill and a vacant office in Castle Donington.

Key Points: 
  • This brings the total assets under offer to sell since 31 December 2023 to four, including a vacant former car dealership in Redhill and a vacant office in Castle Donington.
  • Collectively these four assets are under offer to sell for an aggregate £19.5 million, representing a premium of 29% to their 31 December 2023 aggregate valuation of £15.0 million.
  • These disposals are scheduled to complete during the next two months, with proceeds expected to be used to reduce variable rate borrowings.
  • These sales also demonstrate our ability to leverage our asset and portfolio management expertise, and highlight the benefits of the Company’s diversified investment strategy.

ConnectWise Appoints Angus Robertson as Chief Marketing Officer

Retrieved on: 
Thursday, March 7, 2024

TAMPA, Fla., March 07, 2024 (GLOBE NEWSWIRE) -- ConnectWise , the leading software company dedicated to the success of technology solutions providers (TSPs), today announced the appointment of Angus Robertson as its new Chief Marketing Officer.

Key Points: 
  • TAMPA, Fla., March 07, 2024 (GLOBE NEWSWIRE) -- ConnectWise , the leading software company dedicated to the success of technology solutions providers (TSPs), today announced the appointment of Angus Robertson as its new Chief Marketing Officer.
  • "I am thrilled to join ConnectWise and contribute to the growth and success of the MSP community," said Robertson.
  • Robertson's appointment as Chief Marketing Officer at ConnectWise marks an exciting chapter for the company.
  • These innovations and go-to-market support, through the ConnectWise Partner Program, further solidify ConnectWise as the leading provider for MSPs and enable continued growth for ConnectWise Partners.

American Hotel Income Properties REIT LP Reports 2023 Results With 5.9% Annual RevPAR Growth

Retrieved on: 
Wednesday, February 28, 2024

On November 7, 2023, AHIP entered into an amendment to its revolving credit facility (the “RCF”) and certain term loans (the “Sixth Amendment”).

Key Points: 
  • On November 7, 2023, AHIP entered into an amendment to its revolving credit facility (the “RCF”) and certain term loans (the “Sixth Amendment”).
  • The total appraised value of the 20 hotel properties (the "Borrowing Base Properties") is $286.2 million.
  • The appraised value of $286.2 million for the 20 Borrowing Base Properties (2,070 keys) is equivalent to $138 thousand per key.
  • The borrowing availability is subject to a maximum of 67.5% LTV based on the appraised value of the Borrowing Base Properties.