Alstria Office REIT-AG : Upside of c. 22% – we upgrade alstria to Buy from Neutral
>Limited impact expected from coronavirus. Dividend proposal withdrawn - alstria´s (AOX) share price has lost c.22% in a three-month period due to the COVID-19 crisis. At the beginning of April, AOX held a conference call giving a business update against the background of the coronavirus crisis. During this conference call, AOX´s FFO I guidance of € 108m for FY 2020e was not discussed. The company stated that the impact of COVID-19 on its P&L should be limited. Manage...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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