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Dividend

The Company’s Board of Directors proposed at the General Meeting on April 28, 2022 a dividend of Euro 0.92 per share for 2021, representing 85% of FFO for the year, offering a yield of 5.2% on the NDV of Euro 17.60 per share at end-2021 and 10.7% on the year’s closing price.

 

This dividend is based on the distribution requirement with the SIIC tax status concerning exempt profits from:

- property rental or sub-letting operations (including dividends paid by the subsidiaries subject to the SIIC system), i.e. Euro 0.39 per share;

- the distribution based on 70% of exempt profits for 2021 from the disposal of properties and investments in real estate companies, i.e. Euro 0.01 per share;

- the distribution based on 70% of exempt profits for 2020 from the disposal of properties and investments in real estate companies, i.e. Euro 0.38 per share;

- the distribution of exempt income recorded on the Company’s balance sheet for Euro 0.14 per share.

 

The ex-dividend date is May 3, 2022, and the payment of the dividend is May 5, 2022.