Brief: Preos Real Estate Targets Long-Term Annual Dividend Yield Of 5%

PREOS Global Office Real Estate & Technology AG

07/08/2020 09:22

Aug 7 (Reuters) - PREOS REAL ESTATE AG  PAGn.DE :
    * PLANS DIVIDEND FOR 2020 AND DEFINES LONG-TERM DIVIDEND
POLICY -
ASSET PORTFOLIO TO GROW TO AROUND EUR 2 BILLION BY THE END OF
2020
    * LONG-TERM ANNUAL DIVIDEND YIELD OF 5 PERCENT TARGETED
    * PARENT COMPANY PUBLITY AIMS TO REDUCE ITS STAKE TO 25.01
PERCENT
FOR 2023
    * TOTAL DIVIDEND PAYOUT IS TO AMOUNT TO UP TO EUR 100
MILLION
    * COMPANY'S ASSET PORTFOLIO OF CURRENTLY AROUND EUR 1.5
BILLION IS
TO BE EXPANDED TO AROUND EUR 2 BILLION BY END OF 2020

Source text for Eikon:  ID:nEQccmQtLa 
Further company coverage:  PAGn.DE 

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