Brief: Alstria Office REIT Portfolio Value Expected To Increase To Approx. EUR 4.85 Bln As Of December 31, 2021

Alstria Office REIT AG

14/12/2021 16:43

Dec 14 (Reuters) - ALSTRIA OFFICE REIT AG  AOXG.DE :
    * PORTFOLIO VALUE EXPECTED TO INCREASE TO APPROX. EUR 4.85
BILLION
AS OF DECEMBER 31, 2021
    * YEAR-END VALUATION OF REAL ESTATE PORTFOLIO OF ALSTRIA
OFFICE
REIT-AG IS CURRENTLY BEING CONDUCTED BY INDEPENDENT VALUER
SAVILLS ADVISORY SERVICES GERMANY GMBH & CO. KG, WITH FINAL
VALUATION DATE BEING SET FOR DECEMBER 31, 2021
    * FIRST PRELIMINARY INDICATION POINTS TO A FAIR VALUE OF
REAL
ESTATE PORTFOLIO OF APPROXIMATELY EUR 4.85 BILLION
    * INCREASE IN VALUE REFLECTS CAPEX SPENT IN COMPANY'S
PORTFOLIO
(EUR 117 MILLION), NET IMPACT OF TRANSACTION ACTIVITIES (EUR 55
MILLION), AND VALUATION GAIN, WHICH IS EXPECTED IN A RANGE OF
EUR 80-90 MILLION
    * ESTIMATED UNAUDITED PRELIMINARY IMPACT ON COMPANY'S NET
INCOME
FY2021 WOULD BE EUR 0.45-0.50 PER SHARE

Source text for Eikon:  ID:nPexvBfMya 
Further company coverage:  AOXG.DE 

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