New Amsterdam Invest N.V., a commercial real estate company listed on Euronext Amsterdam, has rescheduled the publication of its audited annual report for 2023 to April 29, 2024, and its Annual General Meeting to June 21, 2024. The Company initially operated as a SPAC until June 2, 2023, when it acquired its operating companies, resulting in the first-time publication of consolidated annual accounts. Due to the need for more time to finalize the 2023 accounts, the Company has postponed the report’s release to ensure comprehensive and audited accounts for investors.
The Net Rental Income for the full year 2023 aligns with the outlook provided at the Half Year 2023, and the Net Result from Operations is positive as expected. However, one-off costs related to the transition from a SPAC to an operational company and non-cash revaluations of investment property led to a net loss for 2023. Looking ahead to 2024, New Amsterdam Invest anticipates profitability and is on track to achieve its financial objectives set at listing. The Company expects a net rental income of approximately €6.9 million and a pre-tax result of €2.6 million for 2024.
New Amsterdam Invest, a commercial real estate company with operations in the United States and the United Kingdom, focuses on activities such as owning, acquiring, developing, and leasing commercial real estate. Detailed information on the Company’s principles and objectives can be found in the Shareholder Circular dated April 21, 2023, and the prospectus dated June 21, 2021, available on the company website.
This press release may contain forward-looking statements regarding NAI’s financial and operational objectives, which are subject to risks and uncertainties. Forward-looking statements are based on current views and may differ from actual results due to various factors. Investors are advised to consider these risks and uncertainties when evaluating NAI’s future prospects.
For more information on New Amsterdam Invest N.V. and its financial calendar, visit the company’s website at http://www.newamsterdaminvest.com. Stay informed about NAI’s upcoming financial updates and events, including the AGM on June 21, 2024.
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