Aug 24, 2023 / 08:30AM GMT
Operator
Welcome to the VGP First Half 2023 Financial Results. My name is Jess, and I'll be your coordinator for today's event. (Operator Instructions) I will now hand over to your host, Jan Van Geet, CEO, to begin today's call. Thank you.
Jan Van Geet - VGP NV - Founder, CEO & Executive Director
Thank you very much for the introduction, and good morning to everybody on this call at the occasion of the presentation of our first half 2023 financial results. I will immediately start with the highlights of the first half.
So we had a very busy first half. We signed EUR 36.2 million new and renewed lease agreements, and that brings the total committed annualized rental income to EUR 328.1 million, or an increase of 8.2% year-to-date. And there is a lot in the pipeline, so we are very confident for the second half year.
The net rental and renewal energy income on the back of more than 1 million square meter deliveries last year, grew a lot on a look-through basis, with more than 60% year-on-year to EUR 75.6 million and we had quite some cash recycling
Half Year 2023 VGP NV Earnings Call Transcript
Feb 15, 2024
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