Report
Manuel Martin, CEFA,CREA

LEG Immobilien : Discussing LEG´s asset values and liabilities during road show in Munich

>Capital discipline was welcomed overall - This week, we went on a road show in Munich with LEG´s investor relations. Besides elaborating on LEG´s well running rental business, the main topics discussed during the meetings were, amongst others, LEG´s i/ portfolio valuation, ii/ balance sheet and iii) potential disposals. LEG´s decision to suspend the dividend for FY 2022 and to reduce capex were welcomed overall, supporting capital discipline in a challenging int...
Underlying
LEG Immobilien AG

Leg Immobilien is a real estate company engaged in the management of its residential property portfolio as well as the acquisition of housing portfolios. As of Dec 31 2013, Co.'s portfolio comprised 94,311 residential units, 1,031 commercial units and 22,903 garages and parking spaces. These assets are distributed across around 160 locations, most of which are in North Rhine-Westphalia, Germany.

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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