* Q2 opg profit 52.1 mln eur vs 50 mln average forecast
* Asset values down 143.4 mln eur, more than expected
* Sees 2009 oper. profit to rise modestly vs. 2008
* Concludes 200 mln eur, 7-yr inflation-linked loan (Adds detail on inflation-linked financing loan)
AMSTERDAM, Aug 26 (Reuters) - Dutch retail property group Corio reported a second-quarter operating profit in line with estimates on Wednesday and raised its outlook, saying it expected a modest rise in profit for the full year.
Corio, Europe's ninth-largest property group by market value, said its operating profit, or direct result, was 52.1 million euros ($74.61 million) for the three month period ending June. Three analysts had expected 50 million euros, on average, with estimates ranging between 43 and 57 million euros.
The company, rival to French-Dutch Unibail-Rodamco and France's Klepierre, pays out around 85 percent of its operating profit as dividend, making it the main number for investors.
Corio expected its full-year operating profit to increase modestly compared to 2008, which was 204.1 million euros, helped by lower financing expenses and acquisitions, the company said. In May it expected operating profit to remain stable.
Corio, which manages 5.9 billion euros of European property, said its indirect result, which represents property writedowns and value changes on some other items, was a loss of 143.4 million euros.
Three analysts had on average expected an indirect result between minus 45 and minus 118 million euros.
Corio has suffered from the slump in property prices but has seen no need for a rights issue or property sale to support its balance sheet. It has a relatively low leverage level, at 40.4 percent of assets, and limited exposure to the UK and Spanish markets, Europe's worst-hit property markets.
Corio also said it had concluded a 200 million euro, 7-year inflation-linked loan with APG, the Dutch asset manager of Dutch pension fund ABP.
The loan guaranteed there were sufficient funds for potential new projects or acquisitions and general corporate purposes, a Corio spokeswoman said. (Reporting by Gilbert Kreijger; Editing by Rupert Winchester)