Hamborner REIT: Down on 'disappointing' outlook

HAMBORNER REIT AG

02/02/2021 07:51

** Hamborner REIT  HABG.DE  shares are seen down 2.7% in
pre-market trade after the German real estate group provided
guidance for 2021, with figures to be below guidance for 2020
    ** On Monday the company said it expects 2021 income from
rents and leases at EUR 82-86 mln vs guidance of EUR 87-88 mln
for 2020, and 2021 funds from operations (FFO) at EUR 45-50 mln
vs outlook of EUR 52-54 mln expected for 2020 urn:newsml:reuters.com:*:nASN000S6Z
 urn:newsml:reuters.com:*:nEQ12LSrFa
    ** A local trader says that "news is disappointing but
dividend guidance should provide a certain floor"
    ** For 2021, Hamborner REIT said it intends to propose a
dividend at the level of the one distributed in 2020
    ** The company is expected to publish preliminary figures
for FY 2020 on Feb. 4
    ** The stock is seen at the bottom of the German small-cap
index  .SDAXI , on track for the worst day in 4 months

 ((elizaveta.gladun@thomsonreuters.com))