06.01.2020 alstria office REIT-AG  DE000A0LD2U1

DGAP-News: alstria office REIT-AG: 60,000 sqm leasing success in alstria's development portfolio secures EUR 14.8 million of annual rental income on a long-term basis


 

DGAP-News: alstria office REIT-AG / Key word(s): Miscellaneous
alstria office REIT-AG: 60,000 sqm leasing success in alstria's development portfolio secures EUR 14.8 million of annual rental income on a long-term basis

06.01.2020 / 17:40
The issuer is solely responsible for the content of this announcement.


Press Release

60,000 sqm leasing success in alstria's development portfolio secures EUR 14.8 million of annual rental income on a long-term basis

Hamburg, January 6, 2020 - alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1) announces the signature of two new leases in Frankfurt and Wiesbaden. Both buildings belong to alstria's development portfolio.

alstria has signed two new substantial leases for its development assets in Gustav-Nachtigal-Str. 3+5 (Wiesbaden) and Solmsstr. 27-37 (Frankfurt). With the new leases, both buildings are fully let to public tenants on a long-term basis. The combined annual rental income for the 60,000 square metres of lettable space amounts to EUR 14.8 million, which represents a rental growth of 52% compared to the prior rent. The combined capex of the modernisation measures, which will materially improve the quality of the assets, will amount to EUR 107 million and will result in an estimated yield on cost of 7.25%.

The lease for the asset in Solmsstr. 27-37 (Frankfurt) has a maturity of 20 years and will start in the second half of 2021, whereby the lease length for the asset Gustav-Nachtigal-Str. 3+5 (Wiesbaden) is 15 years and will start in the second half of 2022.

"The signature of these two leases allows us to get into our new development cycle with a pre-let quota of 61%", said Olivier Elamine, CEO of alstria office REIT-AG. "These two leases further highlight the uniqueness of the opportunities that exist within alstria's portfolio, and the ability of the company to convert these opportunities into incremental revenues and NAV growth."

alstria was advised by Angermann Real Estate Advisory and legally by Hogan Lovells on the closing of the lease agreement in Frankfurt. Colliers International Deutschland GmbH advised on the lease agreement in Wiesbaden, legal advice was provided by Beiten Burkhardt.

Contact IR/PR: 
Ralf Dibbern
Steinstr. 7
20095 Hamburg
+49 (0) 40 226 341 329
[email protected]

Further information:
www.alstria.com
www.beehive.work
twitter.com/alstria_REIT
linkedin.com/company/alstria-office-reit-ag


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 combination of alstria and Deutsche Office creates the leading listed German office real estate company with a combined portfolio of 117 office buildings comprising 1.5 million sqm of lettable space and representing a total portfolio value of approximately EUR 4.2 billion. The alstria office REIT-AG 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.

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.



06.01.2020 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.

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Language: English
Company: alstria office REIT-AG
Steinstraße 7
20095 Hamburg
Germany
Phone: 040-226 341 300
Fax: 040-226 341 310
E-mail: [email protected]
Internet: http://www.alstria.de
ISIN: DE000A0LD2U1
WKN: A0LD2U
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: 947241

 
End of News DGAP News Service

947241  06.01.2020 

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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

INVESTOR-INFORMATIONEN
©boersengefluester.de
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
KBV KCV KUV EV/EBITDA
0,60 17,04 10,80 24,03
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
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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