Cegereal, the French Core Office REIT - Rental income up 9.5%

Paris, October 26, 2016 - 8:00 a.m.
Quarterly information

 Cegereal

 Rental income up 9.5%

Significant events of the quarter

• Solid operating performance, with IFRS gross rental income up 9.5% to €36.1 million over the first nine months. The anticipated departure of Boursorama will have a limited impact on 2016, as this tenant has been paying a 50% mark-up on its rent since January 1, 2016.
• A €525 million credit agreement at the very competitive interest rate of 1.35% allowed the Group to refinance a €405 million loan on very favorable conditions. With a debt ratio of 55% and finance costs down by 45%, Cegereal now has more headroom to carry out growth projects. The loan has a maturity of five years, with the possibility to extend it for a further two years.
• Cegereal signed an agreement to acquire the Hanami campus in Rueil-Malmaison, the green city in the Western Crescent of Paris. This 30,000 sq.m office complex, which is leased to first-class tenants and has an occupancy rate of 91%, comprises eight office buildings spread over 3 hectares on an exceptional, landscaped site in the city center, on the banks of the Seine. Closing is expected for the end of the year.

Commitments and awards

• Cegereal obtained ISO 14001:2004 certification for its environmental management system. This certification recognizes Cegereal's commitment to corporate social responsibility and its ambition to limit the environmental impact of its activities.
• In addition, Cegereal is now ranked among Europe's leaders in financial and extra-financial reporting. It won two awards at the annual European Public Real Estate Association (EPRA) conference and achieved the top position in the 2016 Global Real Estate Sustainability Benchmark (GRESB) ranking in the "listed office property companies in Europe" category.

Key figures

            The above figures have not been reviewed by the Statutory Auditors.

Investor Calendar

• February 17, 2017         2016 annual results
• April 21, 2017               First-quarter 2017 revenue
• July 21, 2017                First-half 2017 results

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About Cegereal
Created in 2006, Cegereal is a commercial property company that invests in prime office properties in Greater Paris. The portfolio's appraisal value is estimated at €1,040 million as of June 30, 2016 (replacement value).
To date, Cegereal is the first French property company with a fully certified portfolio from an environmental point of view (HQE and BREEAM "Very Good") and ranks as "Sector Leader" in the international benchmark GRESB.
Cegereal is a REIT listed on Euronext Paris since 2006, in compartment B (ISIN: FR0010309096). The Company had a market capitalization of €501 million on October 24, 2016.
www.cegereal.com.