New Amsterdam Invest N.V. annual reporting 2023
Strategic Highlights 2023
Outline 2023 results
Net Rental Income for full year 2023 is consistent with outlook as provided at Half Year 2023 and the Net Result from Operations over 2023 is positive in accordance with written expectations. Given accounting requirements, one-off costs (in connection with the transition from SPAC to operational company) and (non-cash) revaluations of investment property were required, resulting in a 2023 net loss.
Outlook 2024
For 2024 NAI expects to be profitable and well on track to realize the financial objectives the Company has set out at listing. More specific NAI reiterates that its current portfolio should enable it to realize a 2024 net rental income of approximately € 6.6 million and a result before tax of € 2.6 million, excluding potential impact of revaluation of investment property and or the acquisition of new investment property.
Annual General Meeting scheduled for 21 June 2024 DV
The agenda for the 21 June 2024 DV AGM will be published on 8 May 2024 DV.
Financial Calendar
About New Amsterdam Invest
New Amsterdam Invest N.V. is a commercial real estate company listed at Euronext Amsterdam with operating companies in the United States and the United Kingdom.
The main objective of New Amsterdam Invest is running commercial activities including the owning, (re-)developing, acquiring, divesting, maintaining, letting out and/or otherwise operating commercial real estate, all in the broadest possible meaning.
All information about New Amsterdam Invest, including its principles and objectives can be found in the Shareholder Circular dated April 21, 2023, and the prospectus dated June 21, 2021. This and all other relevant documentation can be found on the company website: www.newamsterdaminvest.com
Not for publication
Disclaimer
Elements of this press release contain or may contain information about New Amsterdam Invest N.V. within the meaning of Article 7(1) to (4) of the EU Market Abuse Regulation.
This press release may include statements, including NAI's financial and operational medium-term objectives that are, or may be deemed to be, ''forward-looking statements''. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms ''believes'', ''estimates'', ''plans'', ''projects'', ''anticipates'', ''expects'', ''intends'', ''may'', ''will'' or ''should'' or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect NAI's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to NAI's business, results of operations, financial position, liquidity, prospects, growth or strategies. Forward-looking statements speak only as of the date they are made.
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