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Adler Real Estate AG (ADLG.F)

ADLG.F on Frankfurt Stock Exchange

13.75EUR
24 Mar 2017
Change (% chg)

€-0.13 (-0.91%)
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€13.88
Open
€14.20
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€14.28
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€13.75
Volume
4,465
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5,922
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Latest Key Developments (Source: Significant Developments)

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

Vonovia CEO backs Conwert's planned commercial portfolio sale
Monday, 5 Sep 2016 04:45am EDT 

Vonovia CEO on conference call : Says aims to retain Conwert properties in Vienna in the longer run . Says backs Conwert's planned sale of commercial property portfolio Further company coverage: [VNAn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Vonovia says Conwert offer worth 2.9 bln euros incl debt
Monday, 5 Sep 2016 03:04am EDT 

Vonovia CEO in conference call : Says volume of Conwert takeover worth 2.9 billion eur including debt Further company coverage: [VNAn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Adler Real Estate to swap conwert stake for Vonovia shares
Monday, 5 Sep 2016 02:36am EDT 

Adler Real Estate AG : Adler to swap conwert stake for Vonovia shares .Will tender its entire existing conwert stake of 21.2 million shares plus 5 to 6 million conwert shares to be acquired following merger control clearance under an exercised call option in exchange for Vonovia shares.  Full Article

Adler Real Estate H1 gross rental income up 61.7 pct at 130.8 million euros
Friday, 12 Aug 2016 04:47am EDT 

Adler Real Estate AG : H1 gross rental income which predominantly comprises income from property lettings, reached 130.8 million euros ($145.93 million). This represents a year- on-year increase of 61.7 percent . Adjusted EBITDA for first half of 2016 amounted to 65.1 million euros, up from 49.2 million euros in 2015 . Earnings from property lettings amounted to 61.0 million euros for first half of 2016, equivalent to a 55.6 percent rise compared to same period in previous year (39.2 million euros) . FFO increased significantly to 27.4 million euros with FFO I for first half of 2016 contributing by 12.0 million euros and almost double compared with previous year's figure of 6.3 million euros . 2016 FFO guidance increased .Forecast for FFO has been stepped up by roughly 20 percent to an amount of around 55 million euros for 2016.  Full Article

Adler says no plan to grow stake in Conwert beyond call option
Tuesday, 9 Aug 2016 09:51am EDT 

Adler Real Estate : Spokesman for Adler Real Estate says currently no increase in Conwert stake planned beyond exercising call option Further company coverage: [ADLG.DE] [CONW.VI] ((vienna.newsroom@thomsonreuters.com; +43 1 531 12 258;)).  Full Article

Adler Real Estate: subscription period for convertible bond 2016/2021 ended
Monday, 18 Jul 2016 10:03am EDT 

Adler Real Estate AG : Subscription period for convertible bond 2016/2021 ended . Total placement volume of 137.9 million euros ($152.59 million) . c. 2.9 million subscription rights exercised by shareholders and existing convertible bondholders . c. 60 million euros proceeds from issue used to execute pre-agreed refinancing of higher yielding debt .c. 15 million euros proceeds to be invested as capex in existing core units.  Full Article

Adler Real Estate adjusts issue terms of convertible notes 2016/2021
Monday, 11 Jul 2016 03:47am EDT 

Adler Real Estate AG : Adjusts terms of issue of its convertible notes 2016/2021 . Notes will be issued at an issue price of 95 pct of nominal amount . Coupon is fixed at 2.5 pct and conversion premium has been adjusted to 15 pct above reference price . Intention of management board is to issue up to 10 million notes (corresponding to same amount of underlying shares) which currently equates to a placing volume of approximately 130 million euros ($143.34 million) .Certain investors have agreed to subscribe for notes of up to 50 million euros in nominal value.  Full Article

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