ADLER Real Estate AG : Q2 2020 results overall in line with our expectations – Intended debt-to- equity swap of up to € 500m set to support the balance sheet
>Stand-alone Q2 2020 results overall in line with our expectations - On Monday (31 August), Adler Real Estate (ADL) released its Q2 2020 results (stand-alone) which were, overall, in line with our expectations, partially above our estimates but also recording a notable net loss due to the deconsolidation of its stake in ADO Properties. ADL confirmed its FFO I guidance for 2020 of € 75-80m.Earnings from property lettings of € 55.4m (-2.9% y-o-y) were above our est...ADLER Real Estate provides commercial and residential project development services in the form of improvement, planning, development and construction, as well as asset management services and property management services. Adler is also engaged in the acquisition, sale, renting and financing of real estate. Co. also provides international and national joint venture activities and acts as co-investor in the acquisition of real estate portfolios.
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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