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Nepi Rockcastle increased distributable earnings per share for the first half of 2018 to end-June by 12.9%, the group said on Wednesday.
This increase is due to the effect of acquisitions and developments finalised in 2017 being concentrated in the second half of the year, the group said. Major new centres in Serbia and Romania are on track to open in the second half of 2018.
The Financial Sector Conduct Authority (FSCA) is conducting an investigation into possible insider dealing or market manipulation in NEPI Rockcastle’s shares.
Better than expected performance
The growth is better than that envisaged earlier in the year, with the group expecting distributable earnings per share for the 2018 financial year to end-December to be approximately 10% higher.
CEO Alex Morar said the group consolidated its portfolio in existing markets through further acquisitions of high-quality retail properties and asset management initiatives, while expanding into the affluent Baltic states with a f...
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