MRM - 2018 Registration document

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Information on M.R.M.’s activities

Key figures

€-12.1m Change in fair value

€199.6m

CAPEX €+14.5m

€164.7m

Disposals €-37.2m

31/12/2018

31/12/2017

IFRS simplified income statement

2018

2017

2016

(in millions of €)

GROSS RENTAL REVENUES

9.5

11.2 -3.4

13.0 -3.5

Property expenses not recovered

-2.9

NET RENTAL REVENUES

6.7

7.8

9.5

Operating expenses

-2.5 -0.2 -0.3

-2.8

-3.2 -0.8

Provisions net of reversals

0.3

Other operating income and expenses

-1.4

0.6

OPERATING INCOME BEFORE DISPOSALS AND CHANGE IN FAIR VALUE

3.7

4.0 0.0

6.1

Result on disposals of properties

-0.1

-2.8

Change in fair value of investment properties

-12.1

-6.4 -2.5 -1.9 -0.2 -4.6 -4.6

4.3 7.5

-8.5 -1.5 -0.4

OPERATING INCOME

Net borrowing cost

-1.9 -0.5

Other operating income and expenses

NET INCOME BEFORE TAX

-10.4

5.1

CONSOLIDATED NET INCOME

-10.4 -0.24

5.1

NET EARNINGS PER SHARE (IN EUROS)

-0.11

0.12

Gross and net rental revenues for 2018 break down as follows:

3 BREAKDOWN OF GROSS RENT

3 BREAKDOWN OF NET RENT

Office 8%

Retail 92%

Retail 100%

M.R.M. 2018 REGISTRATION DOCUMENT

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