Brief: Hamborner REIT FY Net Profit Down At EUR 17.9 Mln

HAMBORNER REIT AG

05/02/2020 06:04

Feb 5 (Reuters) - HAMBORNER REIT AG  HABG.DE :
    * HAMBORNER REIT AG REPORTS RECORD RESULT - PRELIMINARY
FIGURES
SHOW SUCCESSFUL 2019 FINANCIAL YEAR WITH FURTHER GROWTH IN
REVENUE AND EARNINGS
    * FY NET PROFIT 17.9 MILLION EUR
    * DIVIDEND INCREASES TO EUR 0.47 PER SHARE
    * INCOME FROM RENTS AND LEASES AMOUNTED TO EUR 85.2 MILLION
IN
2019 FINANCIAL YEAR, UP BY EUR 1.8 MILLION OR 2.1% ON 2018
    * NET PROFIT FOR YEAR WAS EUR 17.9 MILLION, DOWN ON PREVIOUS
YEAR'S LEVEL (EUR 19.4 MILLION
    * FY OPERATING RESULT AMOUNTED TO EUR 33.3 MILLION (PREVIOUS
YEAR:
EUR 32.8 MILLION)
    * FY FUNDS FROM OPERATIONS (FFO), KEY OPERATING EARNINGS
INDICATOR, ROSE BY 3.1% LAST YEAR TO EUR 54.3 MILLION (PREVIOUS
YEAR: EUR 52.7 MILLION)
    * ASSUMES THAT BUSINESS PERFORMANCE WILL CONTINUE TO
PROGRESS WELL
IN 2020
    * INCOME FROM RENTS AND LEASES WILL GROW BY AROUND 3% FOR
2020
    * OUTLOOK 2020 FFO, KEY OPERATING PERFORMANCE INDICATOR, IS
EXPECTED TO MATCH PREVIOUS YEAR'S RECORD LEVEL
    * 2020 FORECAST DOES NOT TAKE INTO ACCOUNT OTHER
ACQUISITIONS OR
DISPOSALS NOT YET SPECIFIED FURTHER
    * REMAINING SCOPE FOR ACQUISITIONS OF ABOUT EUR 130 TO EUR
150
MILLION AVAILABLE AT THIS TIME

Source text for Eikon:  ID:nEQ8dT46da 
Further company coverage:  HABG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))