DGAP-News: alstria office REIT-AG: alstria increases guidance on FFO to EUR 34 m
(firmenpresse) - DGAP-News: alstria office REIT-AG / Key word(s): Change in Forecast
alstria office REIT-AG: alstria increases guidance on FFO to EUR 34 m
24.08.2011 / 07:21
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Press release
alstria increases guidance on FFO to EUR 34 m
- Rapid investment of proceeds from capital increase supports accretive
growth
- Closing of VastNed transaction as of August 24, 2011
- Guidance on FFO/share 2011 is EUR 0.47 (up from EUR 0.45 in 2010)
Hamburg, August 24, 2011 - alstria office REIT-AG (symbol: AOX, ISIN:
DE000A0LD2U1), the leading German office REIT focused solely on acquiring,
owning and managing office real estate in Germany, increases its financial
targets for the fiscal year 2011.
Following the acquisition of the VastNed portfolio alstria increases its
financial guidance for the fiscal year 2011. As the transaction will be
closed as of August 24, 2011 rental income for the full year is expected to
be EUR 89 m (previous guidance: EUR 87 m) and the FFO will be EUR 34 m
(previous guidance: EUR 32 m). Compared to fiscal year 2010 revenues
therefore are expected to be stable, whilst the FFO is expected to grow by
approximately 25%. Considering the new numbers of shares, FFO per share
will increase by 2 Cents per share, or around 6%. This development is a
result of accretive acquisitions closed in the past months and the
simultaneous deleveraging process of the Company.
'The rapid investment of the proceeds from the recent capital increase
immediately translates into higher revenues and FFO', said Olivier Elamine,
CEO of alstria office REIT-AG. 'The increase is not only true on absolute
numbers, but also translates into a higher FFO/share, testifying for the
ability of the Company to deliver on its promises to invest the funds
raised in the capital increase in an earnings-accretive way'.
About alstria:
alstria office REIT-AG is an internally managed Real Estate Investment
Trust (REIT) focused solely on acquiring, owning and managing office real
estate in Germany. alstria was founded in January 2006 and was converted
into the first German REIT in October 2007. Its headquarters are in
Hamburg. The Company owns a diversified portfolio of properties across
attractive German office real estate markets. Its current portfolio
comprises 79 properties with an aggregate lettable space of approx. 856,000
sqm and is valued at approximately EUR 1.5 bn. alstria office REIT-AG's
strategy is based on active asset and portfolio management as well as on
establishing and maintaining good relationships with key customers and
decision makers. alstria focuses on long-term real estate value creation.
For further information, please contact:
Ralf Dibbern, IR/PR
Phone: +49 (0) 40 / 226 341-329
Email: rdibbern(at)alstria.de
www.alstria.de
www.alstria.blogspot,com
www.twitter.com/alstria_REIT
Disclaimer:
This release constitutes neither an offer to sell nor a solicitation of an
offer to buy any shares. As far as this press release contains
forward-looking statements with respect to the business, financial
condition and results of operations of alstria office REIT-AG (alstria),
these statements are based on current expectations or beliefs of alstria's
management. These forward-looking statements are subject to a number of
risks and uncertainties that could cause actual results or performance of
the Company to differ materially from those reflected in such
forward-looking statements. Apart from other factors not mentioned here,
differences could occur as a result of changes in the overall economic
situation and the competitive environment - especially in the core business
segments and markets of alstria. Also, the development of the financial
markets and changes in national as well as international provisions
particularly in the field of tax legislation and financial reporting
standards could have an effect. Terrorist attacks and their consequences
could increase the likelihood and the extent of differences. alstria
undertakes no obligation to publicly release any revisions or updates to
these forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated events.
End of Corporate News
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24.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: alstria office REIT-AG
Bäckerbreitergang 75
20355 Hamburg
Germany
Phone: 040-226 341 300
Fax: 040-226 341 310
E-mail: info(at)alstria.de
Internet: http://www.alstria.de
ISIN: DE000A0LD2U1
WKN: A0LD2U
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Hamburg, München, Stuttgart
End of News DGAP News-Service
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136694 24.08.2011
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Datum: 24.08.2011 - 07:21 Uhr
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News-ID 58576
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