LEG Immobilien : Q3 2023 results broadly in line with better FFO I and AFFO than expected – ongoing cost discipline
>Better-than-expected initial FY 2024e guidance - LEG published this morning Q3 2023 figures overall broadly in line with expectations with however better-than-estimated FFO I and AFFO as LEG expensed less maintenance for externally procured services than expected in Q3. The company specified its FY 2023e AFFO guidance of € 165m-180m to the upper end of the range and provided an initial AFFO guidance for FY 2024e of € 180m-200m which is ahead our estimate of € 150.0m ...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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