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LEG LEG Immobilien SE News Story

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FinancialsAdventurousLarge CapValue Trap

Real estate companies edge down on Germany's SPD regulation draft

** Shares of German real estate companies edge down, a local trader points to Germany's Social Democrats (SPD) plans from a draft bill to extend tenant protection

** Deutsche Wohnen DWNG.DE, TAG Immobilen TEGG.DE and LEG Immobilien LEGn.DE are down 1.3%-2.5%

** SPD Justice Minister Hubig's plan foresees a tighter regulation for index-linked rents as well and furnished apartments

** Furthermore, short term rentals should receive maximum limit of six months

** Deutsche Wohnen, Tag Immobilien and LEG Immobilien are among the bottom movers of the German mid-cap index .MDAXI

 (Reporting by Simon Ferdinand Eibach)

 ((Simonferdinand.eibach@thomsonreuters.com))

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