Brief: Hamborner REIT AG Operating Result 9M23 12 Mln Eur

HAMBORNER REIT AG

09/11/2023 06:04

Nov 9 (Reuters) - HAMBORNER REIT AG  HABAn.DE :
    * HAMBORNER REIT AG: POSITIVE BUSINESS PERFORMANCE CONTINUES
IN
THIRD QUARTER – FURTHER GROWTH IN REVENUE AND EARNINGS – FFO
FORECAST FOR 2023 RAISED AGAIN
    * INCREASE IN INCOME FROM RENTS AND LEASES BY 4.8% TO EUR
66.2
MILLION
    * FAIR VALUE OF PROPERTY PORTFOLIO EUR 1.542 BILLION AFTER
ADDITION OF TWO RETAIL PROPERTIES
    * NET ASSET VALUE (NAV) PER SHARE OF EUR 10.76 (DOWN 9.3%
YTD)
    * REVENUE PROJECTION CONFIRMED AND FFO FORECAST FOR 2023
RAISED
AGAIN
    * REIT EQUITY RATIO WAS 56.5% AS AT 30 SEPTEMBER 2023
    * LOAN TO VALUE (EPRA LTV) ROSE TO 42.4% DURING YEAR AS
AGAINST
END OF 2022
    * COMPANY IS ASSUMING SLIGHTLY HIGHER FFO COMPARED TO ITS
MOST
RECENTLY PUBLISHED FORECAST OF BETWEEN EUR 53.0 MILLION AND EUR
54.0 MILLION (PREVIOUSLY: EUR 51.0 MILLION TO EUR 53.0 MILLION)
    * 9M 2023 OPERATING RESULT 12 MILLION EUR, DOWN 39% ON 9M
2022

Source text for Eikon:  ID:nEQ5f7Txqa 
Further company coverage:  HABAn.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48587720920;))