Report
Manuel Martin, CEFA,CREA

Alstria Office REIT-AG : Mixed Q2 2020 results with FFO I as expected but with a valuation loss – 2020 guidance confirmed and the dividend payout is back in the game

>Mixed results – withdrawn dividend proposal for FY 2019 is restored - On Monday evening after the market close (10 August), alstria (AOX) released its Q2 2020 figures which were a mixed bag with FFO I as expected but with a moderate negative property valuation result falling short of our expectations.Rental revenues declined y-o-y to € 42.9m (-7.5% y-o-y) primarily due to disposals, being in linewith our estimate of € 42.7m. NRI decreased to € 38.3m (-5.7% ...
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.

Provider
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.

Analysts
Manuel Martin, CEFA,CREA

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