PropertyEU

PEPR cautious on outlook after 'year of deleveraging' in 2009

By A staff reporter 2010-02-11T00:00:00

Prologis European Properties (PEPR) said EPRA earnings fell 18.8% to EUR 103.6 mln in 2009 from EUR 127.7 mln in 2008, due to a EUR 26.9 mln decline in rental income and the EUR 10 mln early termination of CMBS interest rate swaps. The decrease was partially offset by lower ...

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