Alstria Office REIT-AG : Solid Q1 2020 results – 2020 guidance confirmed – however, dividend proposal for 2019 remains cautiously withdrawn until further notice
>Solid Q1 2020 results unaffected by COVID-19 crisis - On Monday evening after the market close (4 May), alstria (AOX) released its Q1 2020 figures which were in line overall with our estimates, although slightly ahead of our FFO I estimate due to an improved financial result amongst others. As expected, its Q1 results were not, or just to a minor extent, affected by the COVID-19 pandemic.Rental revenues declined y-o-y to € 44.3m (-5.2% y-o-y) primarily due to di...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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