Alstria Office REIT-AG : Q3 2020 results in line with estimates – Operating business is running as expected
>Q3 2020 results in line with estimates – Guidance for 2020 confirmed - Alstria (AOX) published on Wednesday (4 November) after market close its Q3 2020 results, which were in line with our estimates and confirmed its 2020 guidance of an FFO I of € 108m. As expected, rental revenues decreased y-o-y due to property disposals. However, due to lower costs AOX was able to keep FFO I stable y-o-y. Since AOX values its portfolio in Q2 and Q4 there was no material valuation ...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.
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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