|
EQS-Ad-hoc: alstria office REIT-AG / Key word(s): Dividend/Change in Forecast alstria office REIT-AG intends to return EUR 250 million of capital to the shareholders by end of 2023 via special dividend and increases FFO guidance for FY 2023
Hamburg, October 13, 2023 – Today, management board and supervisory board of alstria office REIT-AG (Symbol: AOX, ISIN: DE000A0LD2U1 (shares), ISIN: XS2191013171 (Bond 2020), ISIN: XS2053346297 (Bond 2019), ISIN: XS1717584913 (Bond 2017)) resolved to prepare for an extraordinary general meeting in order to return approx. EUR 250 million of capital to the shareholders by end of the year. On April 8, 2022, the Company had already announced its intention to return approx. EUR 1 billion of capital to the shareholders in the form of a share buyback or – subject to a decision by a general meeting of the Company – in the form of a special dividend payment. Accordingly, the Company has so far distributed approx. EUR 750 million of special dividend based on a corresponding resolution of the extraordinary general meeting in August 2022. The repayment of further approx. EUR 250 million shall be made – subject to a decision by an extraordinary general meeting of the Company to be held on December 1, 2023 – in the form of a special dividend payment. Based on the preliminary figures for the first nine months of 2023, alstria confirms the forecast for revenues of EUR 190 million for the full year 2023. Due to a favourable cost development in the first 9 months of 2023, the FFO forecast for the full year 2023 has been revised upwards from previously EUR 79 million to EUR 84 million.
Contact: Ralf Dibbern Head of Finance, Controlling & Reporting Steinstr. 7 20095 Hamburg Telephone: +49 (0) 40 226 341 329 Email: RDibbern@alstria.de
Weitere Informationen: www.alstria.de www.beehive.work linkedin.com/company/alstria-office-reit-ag
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. As of June 30, 2023, the portfolio comprises 106 buildings with a lettable area of 1.4 million square meters and a total portfolio value of EUR 4.7 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.
End of Inside Information
13-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | alstria office REIT-AG |
| Steinstraße 7 | |
| 20095 Hamburg | |
| Germany | |
| Phone: | 040-226 341 300 |
| Fax: | 040-226 341 310 |
| E-mail: | info@alstria.de |
| Internet: | http://www.alstria.de |
| ISIN: | DE000A0LD2U1 |
| WKN: | A0LD2U |
| Indices: | 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: | 1747625 |
| End of Announcement | EQS News Service |
|
|
1747625 13-Oct-2023 CET/CEST
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
