LEG Immobilien : Portfolio expansion stopped and aiming to be a net seller in FY 2022e
>Q2 figures overall in line with our estimates – guidance 2022e confirmed - Yesterday (10 August), LEG published Q2 2022 results which were overall in line with our estimates and consensus and driven by the property purchases in 2021. However, FFO I was below our expectations and consensus.Net cold rent of € 198.6m (+16.8% y-o-y) was in line with our estimate of € 200.5m and the consensus of € 199.5m. Net rental income of € 91.3m (-33.6% y-o-y) missed our forecas...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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