LEG Immobilien : LEG enters cash-preservation mode - initial guidance for 2023e subdued
>Q3 2022 results broadly in line –2022e guidance confirmed - Last week, LEG published Q3 2022 figures which were broadly in line with our estimates and the consensus, with rent and FFO I mainly driven by property purchases in 2021. The company confirmed its FFO I guidance for 2022e which has been marginally adjusted to € 475-485m from € 475-490m. However, the prospect for a 2022e dividend payout ratio of 70% of FFO I is subject to further market developments....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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