Brief: WCM swings to positive FFO I in Q1

WCM Beteiligungs und Grundbesitz AG

27/05/2016 07:45

May 27 (Reuters) - WCM Beteiligungs und Grundbesitz AG 
 WCMKk.DE  
    * Says real estate portfolio increased by 4.9 percent to 
530.5 million eur (year-end 2015: 505.7 million eur) 
    * Funds from operations (FFO I) increased to 4.4 million eur 
and FFO II to 4.9 million eur 
    * Net loan-to-value (LTV) stands at 52 percent 
    * Reaffirmed guidance for 2016 and further portfolio growth 
anticipated through acquisitions 
    * FFO is projected to be between 18.0 million euros and 21.0 
million euros, compared to 7.9 million euros in 2015 
    * Consolidated net income of 1.7 million euros compared to 
0.4 million euros in Q1 2015 
 
Source text for Eikon:  ID:nEQ3lRlKra  
     
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