19.09.2019 alstria office REIT-AG  DE000A0LD2U1

DGAP-News: alstria office REIT-AG: alstria has placed a corporate bond with a nominal value of EUR 400 million to refinance its debt maturities 2020 and 2021


DGAP-News: alstria office REIT-AG / Key word(s): Bond/Issue of Debt
alstria office REIT-AG: alstria has placed a corporate bond with a nominal value of EUR 400 million to refinance its debt maturities 2020 and 2021

19.09.2019 / 17:40
The issuer is solely responsible for the content of this announcement.

Press release

alstria has placed a corporate bond with a nominal value of EUR 400 million to refinance its debt maturities 2020 and 2021

- alstria office REIT-AG has placed a corporate bond with a nominal value of EUR 400 million at a fixed coupon of 0.5%[1]

- Proceeds will be used to refinance the existing debt maturing in 2020 and 2021

- Maturity of 6 years further improves alstria's balance sheet quality

- Lower cost of debt will increase FFO by around EUR 5 million p.a.

Hamburg, September 19, 2019 - alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1) ('alstria'), announces the successful placement of an unsecured, fixed-rated corporate bond.

The corporate bond maturing in 2025 with a total nominal amount of EUR 400 million will bear a fixed coupon of 0.5%[1]. The proceeds from the bond will be used to replace an existing bond maturing on March 24, 2021 (outstanding volume: EUR 326.8 million; coupon 2.25%) and a Schuldschein maturing on May 6, 2020 (outstanding volume: EUR 37.0 million, margin 1.6%) as well as for general corporate purposes.

The bond received a preliminary BBB rating from Standard & Poor's (S&P) and will be issued on September 26, 2019. The long-term corporate rating assigned to alstria on September 2, 2019 by S&P is BBB (positive outlook). The bond will be admitted to trading on the regulated market of the Luxembourg Stock Exchange. The identification numbers are: WKN: A2YPFE, ISIN: XS2053346297, Common Code: 205334629.

The new debt structure will reduce alstria's financing costs by around EUR 5 million per annum.

Following its approval by the financial supervisory authority in Luxembourg (Commission de Surveillance du Secteur Financier - CSSF) the securities prospectus will be available on alstria's website www.alstria.com under the section Investors - Bonds.

BNP Paribas, Morgan Stanley and UniCredit were acting as Joint Bookrunners on the transaction.

"alstria is reaping the benefit of the work which has been done in strengthening its balance sheet", said Olivier Elamine, CEO of alstria. "Our stated intention is to keep our LTV at its current level and in any case below the 35% level and use our balance sheet strength to capitalize on future opportunities if and when they will arise."

[1] Re-offer price of 98.724% / MS+105bps / Re-offer yield of 0.718%

Contact IR/PR: More information on:
Ralf Dibbern 
Steinstr. 7
20095 Hamburg, Germany
Tel: +49 (0) 40 226 341 329
Email: [email protected]

About alstria:
alstria office REIT AG is the leading real-estate operator focusing solely on German office property in selected German markets. Our strategy is based on the ownership and an active management of our properties throughout their entire life cycle, strong added-value services to our customers and deep knowledge of the markets in which we operate. alstria strives for sustainable long-term value creation while taking advantage of short-term arbitrage of inefficiencies in the real estate markets. The portfolio comprises 116 buildings with a lettable area of 1.5 million square meters and a total portfolio value of EUR 4.2 billion.

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.

19.09.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: alstria office REIT-AG
Steinstraße 7
20095 Hamburg
Phone: 040-226 341 300
Fax: 040-226 341 310
E-mail: [email protected]
Internet: http://www.alstria.de
Indices: MDAX, EPRA, German REIT Index
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock Exchange, SIX, Vienna Stock Exchange
EQS News ID: 876847

End of News DGAP News Service

876847  19.09.2019 


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 202,66 193,68 147,49 187,47 177,06 183,67 0,00
EBITDA1,2 247,11 348,50 557,46 607,82 142,38 140,98 0,00
EBITDA-Marge3 121,93 179,94 377,96 324,22 80,41 76,76 0,00
EBIT1,4 247,11 348,01 555,08 142,99 200,13 236,45 0,00
EBIT-Marge5 121,93 179,68 376,35 76,27 113,03 128,74 0,00
Jahresüberschuss1 182,38 296,99 527,41 581,22 168,30 209,68 0,00
Netto-Marge6 89,99 153,34 357,59 310,03 95,05 114,16 0,00
Cashflow1,7 120,49 122,27 119,01 121,69 103,23 116,43 0,00
Ergebnis je Aktie8 1,11 1,85 3,00 3,27 0,95 1,18 1,05
Dividende8 0,52 0,52 0,52 0,52 0,53 0,04 0,04
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

Alstria Office REIT
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0LD2U 11,160 Halten 1.984,17
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
9,62 12,49 0,80 9,09
0,60 17,04 10,80 24,03
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
0,53 0,04 0,36 10.06.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
03.05.2022 09.08.2022 08.11.2022 02.03.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-15,02% -30,35% -42,86% -29,37%
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