Alstria Office REIT-AG : We scale back our FFO I growth projections – downgrade to Neutral and target price reduced to € 15.5 from € 16.5
>Q1 2021 results in line with expectations – 2021e guidance confirmed - Alstria (AOX) published on Monday (3 May) after market close its Q1 2021 results, which were in line with expectations. The company confirmed its 2021e guidance of revenues of € 177m and FFO I of € 108m.Rental revenues slightly increased +0.8% y-o-y to € 44.7m (close to our estimate of € 44.7m and consensus of € 45.1m) mainly due to the start of new leases which overcompensated the loss of re...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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