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alstria office REIT AG (AOXG.DE)

AOXG.DE on Xetra

12.20EUR
26 May 2017
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€0.06 (+0.49%)
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€12.14
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€12.83
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Latest Key Developments (Source: Significant Developments)

Alstria Office buys 168.5 mln portfolio, FFO seen rising
Monday, 24 Apr 2017 02:41pm EDT 

April 24 (Reuters) - Alstria Office Reit Ag :Alstria Office REIT-AG: acquisition of a portfolio of twelve office buildings in Hamburg, Düsseldorf and Berlin.Acquisition is accretive to FFO per share, a full year impact on revenues of eur 9.9 m and FFO of around eur 7.3 m expected.Alstria Office REIT-AG acquires an office property portfolio for a total consideration (all-in-cost) of eur 168.5 m.Portfolio will be financed with eur 108.5 m of existing cash and eur 60.0 m of new debt which represents a LTV of around 36 pct in line with company's mid-term deleveraging target..Transaction are expected to increase Alstria's funds from operations (FFO) by approximately eur 7.3 m on a full-year basis.Closing of transaction, which is subject to customary conditions precedents, is expected to take place towards mid-2017.  Full Article

Alstria Office Reit AG sees 2017 revenues 185 mln eur, FFO 108 mln eur
Thursday, 2 Mar 2017 11:51am EST 

Alstria Office Reit AG : Dividend 0.52 EUR per share . FY revenue rose 75.8 percent to 202.7 million EUR . Corporate growth in line with guidance: FFO of EUR116.4 mln (+96.0 percent) . Value accretion: nav up by 6.7 percent . Strong letting result: EPRA like-for-like rental growth of 4.6 percent and EPRA vacancy rate down to 9.2 percent . Improved efficiency: epra cost ratio down from 22.1 percent to 16.6 percent . Higher dividend: management proposes to increase dividend by 4 percent to EUR0.52 per share for FY 2016 . Result for financial year 2016. . Growth in line with guidance: FFO up by 96.0 percent to EUR116.4 mln . Revenues were up by 75.8 percent to EUR202.7 mln (guidance: EUR200 mln) . Increase in FFO margin by 590 bps to 57.4 percent was mainly driven by efficiency gains and lower financing costs . Epra cost ratio dropped from 22.1 percent to 16.6 percent and average cost of debt fell to 2.0 percent as per december 31, 2016. . Nav up by 6.7 percent and net LTV down to 40.9 percent . Portfolio volume of EUR3.0 bln, gross yield of 6.2 percent . Value of Alstria's investment properties amounted to EUR3.0 bln as per December 31, 2016 (December 31, 2015: eur 3.3 bn) . Alstria took profit from strong transaction market in Germany and sold non-core properties worth EUR402 mln, which generated eur 25.8 mln of rental income . These sales generated a realized gain of EUR29.1 mln..  Full Article

Alstria Office REIT affirms guidance
Monday, 8 Aug 2016 11:40am EDT 

Alstria Office Reit AG : Says Q2 revenues guidance 2016 confirmed: revenues of 200 mln eur and FFO of 115 mln eur . Says Q2 revenues at 102.1 mln eur and funds from operations (FFO) at eur 57.4 (after minorities) . Says Q2 revenues net LTV at 49.4% and reit equity ratio at 50.4% .Says Q2 revenues epra vacancy rate down to 9.8%.  Full Article

Alstria Office unit sells Berlin building for 230 mln eur
Friday, 8 Jul 2016 02:20pm EDT 

Alstria Office Reit AG : Alstria Office REIT-AG: Deutsche Office sells building 'an den Treptowers 3' in Berlin . Sale of 'an den Treptowers 3' will allow Alstria to reduce its net LTV down to 44.9 percent from 49.0 percent . Building generates an annual rental income of eur 13.9 million and was sold for a total consideration of eur 230 million. .Alstria confirms its financial guidance for FY 2016: revenues of eur 200 million and FFO of eur 115 million.  Full Article

Alstria Office adjusts of conversion price for convertible bond
Friday, 13 May 2016 09:26am EDT 

Alstria Office Reit AG says :Adjustment of conversion price for convertible bond (2013/2018) of Alstria Office Reit AG in amount of eur 79.4 m bearing interest of 2.75% due on june 14, 2018.  Full Article

Alstria Office Reit AG confirms 2016 revenue, FFO guidance
Monday, 9 May 2016 11:39am EDT 

Alstria Office Reit AG : Says first-quarter revenues 51.1 million euros, funds from operations (ffo) at 29 million euros . Confirms 2016 guidance: revenues of 200 million euros, ffo of 115 million euros .news: alstria office reit-ag: first quarter 2016.  Full Article

alstria office REIT acquires additional approx. 1.4 pct of DO Deutsche Office AG
Tuesday, 3 May 2016 11:06am EDT 

alstria office REIT AG:Acquires additional approx. 1.4 pct of DO Deutsche Office AG against issuance of new shares of alstria office REIT-AG.Following a disposal of a share of approx. 5.1 pct in DO Deutsche Office AG on April 26th 2016, alstria now holds approx. 90.9 pct in DO Deutsche Office AG.  Full Article

alstria office REIT places 150 mln euros promissory note
Monday, 2 May 2016 11:35am EDT 

alstria office REIT AG:Places 'Schuldscheindarlehen' (promissory note) with a total volume of 150 million euros.Average maturity of 7.1 years with an average coupon of 2.07 pct.Proceeds will be used to refinance existing bank debt.  Full Article

alstria office REIT places second corporate bond with a nominal value of EUR 500 mln
Tuesday, 5 Apr 2016 10:57am EDT 

alstria office REIT AG:Places second corporate bond with a nominal value of 500 million euros.Euro denominated, unsecured, fixed-rated bond with a nominal value of 500 mln euros and coupon of 2.125 pct.Maturity of 7 years further improves alstria's balance sheet quality.Order book was 10 times oversubscribed.Bond issuance concludes refinancing of Deutsche Office.  Full Article

alstria office REIT issues bond with EUR 500 mln nominal value
Tuesday, 5 Apr 2016 03:47am EDT 

alstria office REIT AG:Says issues additional corporate bond with a nominal value of 500.0 million euros.Says final conditions will be announced following conclusion of bookbuilding.Says additional bond will also be issued with a denomination of 100,000 euros.Says bond is expected to receive a preliminary rating of 'BBB' from Standard & Poor's and will be issued on or around April 5, 2016.  Full Article

More From Around the Web

BRIEF-Alstria Office buys 168.5 mln portfolio, FFO seen rising

* Alstria Office REIT-AG: acquisition of a portfolio of twelve office buildings in Hamburg, Düsseldorf and Berlin