LEG Immobilien : Q3 2024 results a bit mixed but positive outlook and property values seem to clearly stabilise
>Confirmed guidance for FY 2024 and positive initial outlook for FY 2025 - This morning LEG published Q3 2024 figures that were a bit mixed with net rent being in line with our estimates but FFO I and AFFO missing expectations. Management confirmed its FY 2024e AFFO guidance of € 190m-210m. LEG provided an initial AFFO guidance for FY 2025e of € 205m-225m which was ahead of our estimate of € 202.1m and where consensus (company compilation) of € 208m is at the lower en...Leg Immobilien is a real estate company engaged in the management of its residential property portfolio as well as the acquisition of housing portfolios. As of Dec 31 2013, Co.'s portfolio comprised 94,311 residential units, 1,031 commercial units and 22,903 garages and parking spaces. These assets are distributed across around 160 locations, most of which are in North Rhine-Westphalia, Germany.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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