Brief: LEG Immobilien Sees AFFO Between EUR 180 And EUR 200 Mln For 2024

LEG Immobilien SE

09/11/2023 06:00

Nov 9 (Reuters) - LEG IMMOBILIEN SE  LEGn.DE :
    * 9M AFFO INCREASES TO AROUND € 177 MILLION (+54.4 %)
    * 9M VACANCY RATE (L-F-L) DECREASES BY 20 BPS TO 2.4
    * 9M OPERATING CASH FLOW INCREASES BY 18.4% TO € 306.7
MILLION
    * 9M SALES FOR AROUND 1,600 UNITS (INCL. COMMERCIAL) OR €
130
MILLION NOTARIZED
    * REFINANCING OF ALL MATURITIES COMPLETED BY MID-2025
    * FORECAST FOR 2024 SEES FURTHER INCREASE IN AFFO TO BETWEEN
€ 180
MILLION AND € 200 MILLION
    * RENOWATE WINS NEW CUSTOMERS FROM THE HOUSING INDUSTRY FOR
SERIAL
REFURBISHMENT
    * AFFO 2023 EXPECTED AT THE UPPER END OF THE GUIDANCE OF €
165 TO
180 MILLION

Further company coverage:  LEGn.DE 

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