Brief: Adler Group SA Reports H1 Net Rental Income Of EUR 130.8M (-24.8%) Due To Asset Disposal, FFO 1 At EUR 49.9M

Adler SA

29/08/2022 22:31

Aug 29 (Reuters) - Adler Group SA  ADJ.DE :
    * THOMAS ECHELMEYER APPOINTED AS CFO EFFECTIVE AS OF 1
SEPTEMBER
2022
    * FY 2022 GUIDANCE FOR NET RENTAL INCOME RAISED BY EUR 30M
TO A
RANGE OF EUR 233M TO 242M
    * H1 NET RENTAL INCOME OF EUR 130.8M (-24.8%) DUE TO ASSET
DISPOSAL, FFO 1 AT EUR 49.9M
    * H1 2022 EBITDA FROM RENTAL ACTIVITIES WAS DOWN 23.7% IN
LINE
WITH EXPECTATIONS TO EUR 85.9M (H1 2021: EUR 112.5M)
    * SEES FY 2022 FFO 1 FORECAST RAISED TO RANGE OF EUR 84M TO
88M
DUE TO INCLUSION OF BCP KPI'S
    * AS OF 30 JUNE 2022, FAIR VALUE OF ENTIRE PORTFOLIO
INCLUDING
DEVELOPMENTS AMOUNTED TO EUR 9.5BN (YEAR-END 2021: EUR 10.0BN)

Source text for Eikon:  ID:nEQ98bccka 
Further company coverage:  ADJ.DE 

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