Brief: Alstria Office REIT AG FY Profit Rose 10 Percent To 581.2 Million EUR

Alstria Office REIT AG

26/02/2020 16:42

Feb 26 (Reuters) - alstria office REIT AG  AOXG.DE :
    * DGAP-NEWS: ALSTRIA OFFICE REIT-AG: STRONG OPERATING
PERFORMANCE
DRIVES NET ASSET VALUE GROWTH, INTRODUCTION OF GREEN DIVIDEND
CONCEPT
    * FY PROFIT ROSE 10 PERCENT TO 581.2 MILLION EUR
    * FY REVENUE 187.5 MILLION EUR VERSUS 193.2 MILLION EUR YEAR
AGO
    * STRONG OPERATING PERFORMANCE DRIVES NET ASSET VALUE
GROWTH,
INTRODUCTION OF GREEN DIVIDEND CONCEPT
    * RESULT 2019: REVENUES OF EUR 187.5 MILLION AND FFO OF EUR
112.6
MILLION
    * HISTORIC LETTING YEAR: 368,900 SQM LETTING VOLUME,
CONTRACTUAL
RENT (LIKE-FOR-LIKE) UP BY 9.7% TO EUR 208.3 MILLION
    * VALUE ACCRETION: EPRA NAV UP BY 18.3% TO EUR 17.91 PER
SHARE
    * MANAGEMENT PROPOSES INCREASE OF DIVIDEND TO EUR 0.53 PER
SHARE,
OF WHICH 1 CENT OF "GREEN DIVIDEND"
    * OUTLOOK 2020: REVENUES OF EUR 179 MILLION, FFO OF EUR 108
MILLION

Further company coverage:  AOXG.DE 

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