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Alstria Office REIT-AG : Q3 2018 figures in line, 2018 guidance reiterated

>FFO I stable despite lower rental revenues – FFO p/s down due to higher shares outstanding - Alstria REIT (AOX) published its Q3 2018 results on 06 November after the market close. The figures were overall in line with our estimates and consensus. Rental revenues slipped to € 48.6m in Q3 18 (Q3 17: € 50.5m) and slightly exceeded our estimate of € 48.2m and consensus of € 48m. In 9M 2018, rental revenues increased 0.8% yoy to € 144.9m (9M 17: € 143.8m) due to slightly...
Underlying
Alstria office REIT-AG

Alstria Office REIT is a real estate property corporation. Co. is engaged in the acquisition, management, operation and sale of owned real estate property, as well as the holding of participations in enterprises, which acquire, manage, operate and sell owned property. The services provided by Co. is primarily focused on letting activities to commercial property tenants in Germany. As of Dec 31 2013, Co.'s portfolio consisted of 75 office properties and one retail property with a total of approximately 894,300 square meters of lettable area.

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Oddo BHF
Oddo BHF

​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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