Q3 2020 Inmobiliaria Colonial SOCIMI SA Earnings Call Transcript
Welcome to Inmobiliaria Colonial Third Quarter 2020 Results Presentation. The management will run you through the presentation, which will be followed by a Q&A session. (Operator Instructions) I'm now pleased to introduce Mr. Pere Viñolas, CEO of Inmobiliaria Colonial.
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Thank you very much. Good afternoon. This is Pere Viñolas speaking. Carmina Ganyet and Carlos Krohmer, as usual, will be joining me in the presentation of these Q3 results.
I will be following the presentation. I am now on Page 3 with the highlights of what we would like to share with you today. First of all, our gross rental income for this quarter held at a level at EUR 260 million, which means a 0.4% like-for-like growth. Due to increased efficiency, this is translated into a higher growth of the earnings, 8%, EUR 112 million, and that means a recurring EPS of EUR 0.22 per share, 8% increase year-on-year.
The net rental income is 3% like-for-like. The net rental
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