Brief: Alstria Office REIT Q1 Net Profit At EUR 28.2 Million

Alstria Office REIT AG

04/05/2020 16:55

May 4 (Reuters) - ALSTRIA OFFICE REIT AG  AOXG.DE :
    * Q1 2020: REVENUES AT EUR 44.3 M AND FUNDS FROM OPERATIONS
(FFO)
AT EUR 29.4 M
    * RENTAL INCOME AMOUNTED TO EUR 44.3 M IN Q1 OF 2020,
SLIGHTLY
BELOW LEVEL OF Q1 OF PREVIOUS YEAR (Q1 2019: EUR 46.8 M)
    * GUIDANCE FOR FULL YEAR 2020 UNCHANGED
    * Q1 CONSOLIDATED NET RESULT AMOUNTED TO EUR 28.2 MILLION
    * Q1 EPRA NAV PER SHARE IMPROVED TO EUR 18.08
    * AND SUFFICIENT LIQUIDITIES TO COVER ITS FINANCIAL
OBLIGATIONS
UNTIL EARLY 2023
    * ALSTRIA HAS NO FURTHER REFINANCING NEEDS BEFORE 2023.
    * IMPACT OF PANDEMIC ON ALSTRIA HAS BEEN LIMITED SO FAR
    * THE LONGER PANDEMIC LASTS, THE MORE TENANTS WILL FACE
LIQUIDITY
CONSTRAINS

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

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