LEG Immobilien : We think that a higher stock price is on the cards for LEG in the mid-term
>FY 2023e AFFO guidance confirmed but too early for H2 2023e valuation outlook - In August, LEG published Q2 2023 figures which were overall broadly in line with our estimates and confirmed its AFFO guidance for FY 2023e of € 165m-180m.LEG´s l-f-l rental growth of +4.3% y-o-y was strong in H1 2023 with 2.1% coming from rent tables and above LEG´s guidance of 3.8%-4.0% for FY 2023, which demonstrates a resilient rental revenue stream. However, due to higher intere...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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