Report
Manuel Martin, CEFA,CREA

Alstria Office REIT-AG : Q2 2022 results overall in line with our estimates with FFO I ahead of our estimate

>2022e FFO I guidance confirmed - alstria (AOX published) yesterday (8 August) after market closing its Q2 2022 results, which were overall in line with our estimates. Rental revenues of € 45.6m (+0.7% y-o-y) were in line with our estimate of € 46.0m. Net rental income of € 40.9m (-1.0% y-o-y) was slightly above our estimate of € 40.0m. FFO I p/s of € 0.18 (+9.9% y-o-y) was ahead of our estimate of € 0.16. EPRA NTA p/s of € 19.20 (+6.1% y-o-y, FY 2021: € 18.97) was i...
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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