The Belgian Retail Estates company proposes a dividend for the last financial year of 4.25 euros per share. This was reported by the retail property company listed in Brussels and Amsterdam on Friday after trading hours.

That means an increase in the dividend compared to the previous financial year by more than 18 percent. Retail Estates intends to offer the shareholders an optional dividend upon payment.

The company recorded an EPRA result of € 60.90 million in the financial year ended March, an increase of 27 percent. The occupancy rate of the portfolio was almost 98.3 percent.

Retail Estates further indicated, among other things, that the dividend in the 2019/2020 financial year is likely to grow further in line with previous years. The target is a dividend of 4.40 euros per share.