Retail Estates SA2018年年度报告.pdf

1、1998.Retail Estates takes a modest start at the Brussels stock exchange with a market capitalization of EUR 28.4 million and a portfolio of EUR 39 million out-of-town retail propertiesThe segment is still unprecedented and therefore unloved.Retail Es-tates charms a broad group of private investors.T

2、here is a budget for 1 full-time employee.2018.Retail Estates has been on the Brussels stock exchange for 20 years and has a second listing on the Amsterdam Stock Exchange.After the successful capital increase,the market capitalization exceeds 800 million EUR with a real estate portfolio approaching

3、 1400 million EUR.The home market has been extended to the Benelux.Institutional and private investors are the backbone of share ownership.A dynamic team of 25 employees directs the ac-tivities from the head offices in Ternat(BE)and Leiderdorp(NL).contents O1 Risk factors 11O2 letter to the sharehol

4、ders 23O3 management report 27O4 retail estates on the stock exchange 77O5 real estate report 85O6 financial report 115O7 permanent document 183O8 miscellaneous 2011|Alternative performance measuresAlternative performance measures are standards that Retail Estates nv uses to measure and track its fi

5、nancial performance.The measures are used in this annual report but are not defined in a law or generally accepted accounting principles(GAAP).The European Securities and Markets Authority(ESMA)has issued guidelines applicable from 3 July 2016 for the use and explanation of alternative performance m

6、easures.The terms considered by Retail Estates nv as an alternative performance measure are contained in chapter 8 of this report,Miscellaneous,called“Glossery-Alternative performance measures”.The definition,purpose and reconciliation of the alternative performance measures are foreseen as required