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EQS-Ad-hoc: VIB Vermögen AG / Key word(s): Real Estate/Forecast Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014 (Market Abuse Regulation)
VIB Vermögen AG raises forecast for gross rental income and FFO due to the acquisition of majority interests in eight real estate companies
VIB Vermögen AG, Tilly-Park 1, 86633 Neuburg/Donau, August 7, 2024
VIB Vermögen AG, Neuburg an der Donau, ISIN DE000A2YPDD0, today concluded a purchase agreement for the acquisition of majority interests of 89.9% and 89.7%, respectively, in eight real estate companies for a purchase price of around EUR 94 million. The real estate companies hold a total of nine properties. The sellers are Branicks Group AG and its affiliated companies. The nine properties generate annualized rents of around EUR 16,0 million per year. Based on this transaction, updated transaction dates and financing assumptions, VIB Vermögen AG will increase both its gross rental income and its funds from operations (FFO*) before taxes and minority interests. The Management Board now expects gross rental income of EUR 85 to 89 million for the current financial year 2024 (previously EUR 72.0 to 78.0 million). The FFO* forecast figure is expected to range between EUR 74 and 78 million (previously EUR 62.0 to 68.0 million) according to the Management Board.
The Managing Board of VIB Vermögen AG
*Explanation: Operating result from real estate management, before depreciation, amortization, taxes, profits from sales and development projects and other non-recurring or non-cash income components.
Contact VIB Vermögen AG Investor Relations: Tilly-Park 1 86633 Neuburg/Donau Tel.: + 49 (0)8431 9077-961 Fax: + 49 (0)8431 9077-1961 E-Mail: anja.landes-schell@vib-ag.de
Important note This publication constitutes neither an offer to sell nor a solicitation to buy securities. Insofar as this publication contains forward-looking statements, these do not represent facts and are identified by the words "will", "expect", "believe", "estimate", "intend", "aim", "assume" and similar formulations. These statements express intentions, views or current expectations and assumptions of the VIB Vermögen AG and the persons acting jointly with it. The forward-looking statements are based on current plans, estimates and forecasts which the VIB Vermögen AG and the persons acting jointly with it have made to the best of their knowledge, but do not make any statement about their future correctness. Forward-looking statements are subject to risks and uncertainties that are mostly difficult to predict and are usually not within the sphere of influence of the VIB Vermögen AG or the persons acting jointly with it. It should be taken into account that the actual results or consequences may differ significantly from those stated or contained in the forward-looking statements. The VIB Vermögen AG does not assume any obligation to update such forward-looking statements or to adjust them to future events or developments.
End of Inside Information
07-Aug-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | VIB Vermögen AG |
| Tilly-Park 1 | |
| 86633 Neuburg/Donau | |
| Germany | |
| Phone: | +49 (0)8431 / 9077 961 |
| Fax: | +49 (0)8431 / 9077 1961 |
| E-mail: | anja.landes-schell@vib-ag.de |
| Internet: | www.vib-ag.de |
| ISIN: | DE000A2YPDD0 |
| WKN: | A2YPDD |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange |
| EQS News ID: | 1963425 |
| End of Announcement | EQS News Service |
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1963425 07-Aug-2024 CET/CEST
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