LEG Immobilien : Proposed suspension of the dividend came as a nasty surprise
>FY 2022 results broadly in line but proposing dividend suspension - Last week, LEG published FY 2022 figures which were in line with expectations overall but which provided an unpleasant surprise with the proposed suspension of the dividend for 2022 to strengthen its balance sheet. The increase in the AFFO guidance for 2023e is due to targeted greater discipline on investment project costs.Rental business running well – devaluations in H2 2022 as expecte...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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