Edition:
United States

Adler Real Estate AG (ADLG.F)

ADLG.F on Frankfurt Stock Exchange

13.52EUR
26 Jul 2017
Change (% chg)

-- (--)
Prev Close
€13.52
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
4,785
52-wk High
€14.46
52-wk Low
€11.47

Latest Key Developments (Source: Significant Developments)

Adler Real Estate resolves share buyback programme
Friday, 16 Jun 2017 09:02am EDT 

June 16 (Reuters) - ADLER REAL ESTATE AG ::ADLER REAL ESTATE AG: SHARE BUYBACK PROGRAMME RESOLVED.MAXIMUM TOTAL PURCHASE PRICE: EUR 10 MILLION.PROGRAMME TO BEGIN ON 16 JUNE 2017.BUYBACK PROGRAMME IS DUE TO BEGIN ON 16 JUNE 2017 AND WILL RUN FOR AN INDEFINITE PERIOD.IT WILL END ONCE MAXIMUM TOTAL VOLUME IS REACHED OR IF MANAGEMENT BOARD DECIDES TO TERMINATE PROGRAMME.ADLER INTENDS TO USE TREASURY SHARES AS ACQUISITION CURRENCY SHOULD SUITABLE MARKET OPPORTUNITIES.TO EXECUTE A SHARE BUYBACK PROGRAMME WITH A MAXIMUM TOTAL PURCHASE PRICE (EXCLUDING ANCILLARY EXPENSES) OF UP TO EUR 10 MILLION.  Full Article

Adler Real Estate Q1 FFO I up at EUR 7.9 mln
Monday, 15 May 2017 02:06am EDT 

May 15 (Reuters) - ADLER REAL ESTATE AG ::Q1 FFO I REACHED EUR 7.9 MILLION, UP 38.6 PERCENT COMPARED TO Q1 2016.Q1 NET RENTAL INCOME ROSE TO EUR 43.9 MILLION, UP 4.5 PERCENT COMPARED TO Q1 2016.Q1 LTV REDUCED BY 3.6 PERCENTAGE POINTS TO 57.7 PERCENT.RENTAL INCOME IN Q1 2017 REACHED EUR 43.9 MILLION AND WAS THUS 4.5 HIGHER THAN IN COMPARABLE QUARTER ONE YEAR EARLIER (Q1 2016 EUR 42.0 MILLION).EARNINGS BEFORE INTEREST AND TAXES (EBIT) CAME TO 32.5 MILLION IN Q1 OF 2017 AND WERE THUS ON LEVEL OF COMPARABLE PREVIOUS YEAR'S PERIOD (Q1 2016: EUR 33.0 MILLION).  Full Article

Adler Real Estate: capital increase proposed, issue of bonus shares
Tuesday, 25 Apr 2017 07:57am EDT 

April 25 (Reuters) - Adler Real Estate AG ::The management and supervisory boards will be proposing a capital increase from company funds and the issue of bonus shares at a ratio of 10:1 of existing share capital for approval by the 2017 annual general meeting.Capital increase of 4,770,237.00 euros from 47,702,374.00 euros to 52,472,611.00 euros ($57.13 million).Have taken this decision against backdrop of company's positive performance in recent financial years and to account for fact that company has substantial capital reserves.Issue of bonus shares is intended to enable shareholders to participate in company's success.  Full Article

Adler Real Estate says Austria's supreme court of justice confirms decision of Austrian Takeover Commission
Friday, 14 Apr 2017 01:27am EDT 

Adler Real Estate AG : Said on Thursday supreme court of justice of the republic of Austria confirmed decision of Austrian takeover commission dating from November 22, 2016 concerning the former participation of ADLER Real Estate AG in Conwert Immobilien Invest SE .Continues to refute the accusations raised against ADLER by the Austrian Takeover Commission and reviews appropriate legal measures.  Full Article

Adler Real Estate says Austria's supreme court of justice confirms decision of Austrian Takeover Commission
Thursday, 13 Apr 2017 12:43pm EDT 

Adler Real Estate AG : Said on Thursday supreme court of justice of the republic of Austria confirmed decision of Austrian takeover commission dating from November 22, 2016 concerning the former participation of ADLER Real Estate AG in Conwert Immobilien Invest SE .Continues to refute the accusations raised against ADLER by the Austrian Takeover Commission and reviews appropriate legal measures.  Full Article

Adler Real Estate: 2015/2020 corporate bond tap successfully placed
Monday, 10 Apr 2017 09:24am EDT 

Adler Real Estate Ag : 2015/2020 corporate bond tap successfully placed . Tap volume increased by 50 percent to 150 million euros ($158.82 million) .Placement at significant premium of 104.4 percent to par.  Full Article

Adler Real Estate decides to tap 2015/2020 corporate bond
Monday, 10 Apr 2017 03:52am EDT 

Adler Real Estate AG :Decides to tap the 2015/2020 corporate bond (350 million euros ($370.44 million); 4.75 pct) with target proceeds of 100 million euros and to call the 2014/2019 corporate bond (130 million euros; 6.00 pct).  Full Article

Adler Real Estate FY gross rental income up 16.5 pct at 252.4 million euros
Friday, 24 Mar 2017 03:02am EDT 

Adler Real Estate AG : Financial year 2016: all guidance targets reached or outperformed . FY FFO I improved by 69.6 percent to 27.3 million euros ($29.38 million) . FY gross rental income increased by 16.5 percent to 252.4 million euros . In 2017, Adler's financial indicators will show improvements which are expected to be substantial in some cases . In 2016 Adler Real Estate AG generated income of 36.4 million euros from sale of properties and thus significantly exceeded previous year's figure (23.5 million euros) . Expects to significantly reduce its LTV figure stabilizing it to around 55 percent as year progresses in 2017 . Expects that net rental income 2017 will exceed 2016 level by around 3 percent .2017 FFO I should increase to around 40 million euros, equivalent to year-on-year growth of nearly 50 percent.  Full Article

Adler Real Estate conducts a squeeze-out of minority shareholders in Westgrund AG
Thursday, 29 Dec 2016 07:10am EST 

Adler Real Estate AG : Announcement concerning squeeze-out of minority shareholders in Westgrund AG . Resolved today that company as majority shareholder of Westgrund AG conducts a squeeze-out of minority shareholders in Westgrund AG .Also today, Adler Real Estate has signed a contract to acquire further shares from a shareholder in Westgrund AG to exceed shareholdings in Westgrund to more than 95 percent whereby Adler Real Estate becomes majority shareholder.  Full Article

Vonovia takeover offer to conwert shareholders: Adler chooses cash option
Tuesday, 20 Dec 2016 08:30am EST 

Adler Real Estate AG : Adler Real Estate AG: Vonovia takeover offer to conwert shareholders: Adler chooses cash option . Adler will receive more than 422 million euros ($437.11 million) in liquidity at beginning of next year .Transaction will not impact expected performance of key financial indicators of current business year.  Full Article

BRIEF-Adler Real Estate resolves share buyback programme

* BUYBACK PROGRAMME IS DUE TO BEGIN ON 16 JUNE 2017 AND WILL RUN FOR AN INDEFINITE PERIOD