LEG Immobilien : FY 2023 results a bit better than expected overall – outlook for FY 2024 confirmed
>AFFO slightly above expectations and dividend proposal equal to AFFO - This morning LEG published FY 2023 figures that were a shade better than expected overall and confirmed its FY 2024e AFFO guidance of € 180m-200m.Net cold rent increased by +4.4% y-o-y to € 834.3m, in line with our estimate of € 831.2m and the consensus (company compilation) of € 834.0m. Net rental and lease income rose disproportionally, as expected, by +40.7% y-o-y to € 581.6m as FY 2022 wa...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.
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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