LEG Immobilien : Still some devaluations to come but price pressure seems to fade – LEG on road show in Paris
>Reiterated targeted dividend payout and a capital increase ruled out - This week, we went on a road show in Paris with LEG´s CFO and investor relations. Besides elaborating on LEG´s well running rental business, the main topics discussed during the meetings were, amongst others, i/ future price evolvement and its impact on LEG´s portfolio valuation, ii) disposal possibilities and iii/ debt management.LEG reiterated its guidance to pay out 100% of AFFO as well as...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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