Brief: Adler Real Estate Expects No Material Impact On FFO In 2020 From COVID-19

Adler Real Estate AG

18/05/2020 06:08

May 18 (Reuters) - ADLER REAL ESTATE AG  ADLG.DE :
    * SOLID PERFORMANCE FOR FIRST QUARTER - WELL POSITIONED FOR
THE
FUTURE
    * Q1 NET RENTAL INCOME STOOD AT EUR 60.2M FOLLOWING
OPTIMIZATION
OF PORTFOLIO THROUGH DISPOSAL OF NON-CORE ASSETS
    * Q1 FFO I REACHED EUR 19.1M
    * WE EXPECT NO MATERIAL IMPACT ON FFO IN 2020 FROM COVID-19
WITH
RENT DEFERRALS RELATING TO COVID-19 CURRENTLY AT MERELY 1.4%

Source text for Eikon:  ID:nEQ5T0JQ8a 
Further company coverage:  ADLG.DE 

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