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LEG Immobilien AG (LEGn.DE)

LEGn.DE on Xetra

24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

LEG Immobilien forecasts rise in FFO I in 2017
Thursday, 9 Mar 2017 01:09am EST 

LEG Immobilien AG : 2016 FFO I 268.3 million eur . 2016 FFO I per share 4.26 eur . Says expects to generate FFO I of between eur 288 million and eur 293 million in 2017 . Says a further increase to between eur 310 million and eur 316 million is assumed for 2018 .Expects accelerated rental growth on a like-for-like basis in a range of between 3.0% and 3.3%.  Full Article

LEG CEO says sticking with standalone strategy
Friday, 3 Feb 2017 03:02am EST 

LEG Immobilien CEO : Says sticking with standalone strategy . Says had a very good 2016, were able to reach overall targets . Says continuing to concentrate on the German state of North Rhine-Westphalia Further company coverage: [LEGn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

LEG Immobilien raises outlook on strong Q1
Wednesday, 11 May 2016 01:11am EDT 

LEG Immobilien : Says Q1 FFO I rises 21.8 percent to 62.6 million eur . Says 2016 FFO I seen at 257-262 million eur . Says 2017 FFO I seen at 284-289 million eur . Says in-place Q1 rent per sq m up 2.4 percent like for like .Reuters poll average for Q1 was FFO I 61.4 million eur, net rent and lease 88.5 million eur.  Full Article

LEG Immobilien AG confirms FY 2016 FFO I outlook, comments on FY 2017 forecast, proposes dividend
Thursday, 10 Mar 2016 01:00am EST 

LEG Immobilien AG:Proposes dividend of 2.26 euros per share for 2015.Still sees FY 2016 FFO I of 254-259 million euros.Says expects EBITDA margin to rise to about 71-72 percent, FFO I of 279-284 million euros in FY 2017.  Full Article

LEG Immobilien successfully places capital increase for cash
Thursday, 12 Nov 2015 03:40pm EST 

LEG Immobilien AG:LEG successfully places capital increase for cash.4,510,000 new shares issued.Placement price of 68.00 euros per share.Gross proceeds of 306.7 million euros to finance announced portfolio acquisition.  Full Article

LEG Immobilien AG raises FY 2016 and FY 2017 earnings guidance
Wednesday, 11 Nov 2015 07:00pm EST 

LEG Immobilien AG:Hikes 2016 FFO I target to 254-259 million euros from 233-238 million euros.Hikes 2017 EBITDA margin target to 72 pct from 71 pct, expects 2017 FFO I of 279-284 million euros.  Full Article

LEG Immobilien to buy 13,800 flats from Vonovia for 600 mln euros
Monday, 2 Nov 2015 12:16pm EST 

LEG Immobilien AG:Reaches agreement on acquisition of around 13,800 residential units from Vonovia.Purchase price for portfolio amounts to about 600 million euros.Initial annualised FFO contribution generated by portfolio is currently 28.0 million euros.  Full Article

LEG Immobilien terminates Business Combination Agreement with Deutsche Wohnen AG by mutual consent
Thursday, 22 Oct 2015 03:19am EDT 

LEG Immobilien AG:Terminates Business Combination Agreement with Deutsche Wohnen AG by mutual consent.Continues to pursue its successful growth strategy on a stand-alone basis.Planned voluntary exchange offer by Deutsche Wohnen AG to the shareholders of LEG Immobilien AG will be cancelled.  Full Article

Deutsche Wohnen pulls planned LEG Immobilien AG acquisition - Reuters
Wednesday, 21 Oct 2015 03:58pm EDT 

Deutsche Wohnen AG:Scrapped its planned acquisition of smaller domestic rival LEG because it failed to win enough shareholder support - Reuters.Move comes after Deutsche Wohnen itself became a takeover target of bigger rival Vonovia.Some investors had urged management to pull the plans to buy LEG and instead accept the Vonovia takeover offer.Planned shareholder meeting on Oct. 28, which the property group had called to get approval for the planned financing of its LEG offer, has also been cancelled.Also reiterated that it was not interested in being bought by Vonovia.  Full Article

Deutsche Wohnen offers to buy LEG Immobilien AG
Sunday, 20 Sep 2015 11:25am EDT 

Deutsche Wohnen AG:Makes all-share offer for LEG Immobilien that puts LEG's equity value at 4.6 billion euros ($5.2 billion).Is offering 33 of its shares for every 10 shares in LEG, this equals premium of about 13 percent over closing price of LEG prior to announcement.  Full Article

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BRIEF-LEG Immobilien forecasts rise in FFO I in 2017

* Says expects to generate FFO I of between eur 288 million and eur 293 million in 2017