DGAP-Adhoc: alstria office REIT-AG: Portfolio value increases by approx. EUR 150 m to approx. EUR 4.6 bn as per December 31, 2020
DGAP-Ad-hoc: alstria office REIT-AG / Key word(s): Miscellaneous
alstria office REIT-AG: Portfolio value increases by approx. EUR 150 m to approx. EUR 4.6 bn as per December 31, 2020
13-Jan-2021 / 13:02 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ad hoc Notification pursuant to Article 17 MAR
Portfolio value increases by approx. EUR 150 m to approx. EUR 4.6 bn as per December 31, 2020
- Revaluation gain of approx. EUR 150 m (EUR 0.84 per share) in the second half of 2020
- Full year 2020 revaluation gain of approx. EUR 60 m (EUR 0.34 per share)
Hamburg, January 13, 2021 - The year-end valuation of the real estate portfolio of alstria office REIT-AG ("alstria", ISIN DE000A0LD2U1) was conducted by the independent appraiser Savills Advisory Services Germany GmbH & Co. KG. The value of alstria's real estate portfolio amounted to approx. EUR 4.6 billion as of December 31, 2020.
As a result of the increase in value, the valuation loss of EUR 88.4 million (EUR 0.50 per share) that was booked in the first half of financial year 2020 will be offset. Overall, the impact of the Fair Value assessment of the real estate portfolio will lead to a positive effect on alstria's full year 2020 income statement of approx. EUR 60 million (EUR 0.34 per share).
alstria office REIT-AG
+49 (0) 40 226 341-329
F +49 40 22 63 41-229
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. As per December 31, 2020 the portfolio comprised 109 buildings with a lettable area of 1.4 million m2.
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.
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||alstria office REIT-AG
||040-226 341 300
||040-226 341 310
||MDAX, EPRA, German REIT Index
||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:
|End of Announcement
||DGAP News Service
1160362 13-Jan-2021 CET/CEST
Quelle: boersengefluester.de und Firmenangaben
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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
|Alstria Office REIT
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