|
EQS-Ad-hoc: LEG Immobilien SE / Key word(s): Dividend/Change in Forecast Management board and supervisory board of LEG Immobilien SE have decided among other things to propose a suspension of the dividend payment for business year 2022 to the annual general meeting on 17th of May 2023. Against the background of the current market situation which is affected by high interest rates as well as ongoing uncertainty on the valuation of the real estate portfolio, the liquidity will be used to strengthen the balance sheet instead of paying a dividend. For the year 2022 the FFO I was €482 million and came out in the upper half of the last valid guidance range of 475 - €485 million. As already announced in November 2022, LEG Immobilien SE has shifted its core KPI to the FFO I adjusted for capitalized capex measures, specifically AFFO (FFO I and AFFO as defined within the glossary of the annual report). For 2022 the AFFO reached €108.8 million. For 2023 the company expects an increase in the AFFO range to 125 - €140 million against the original range of 110 - €125 million. The improvement in the expected AFFO is driven on the one hand by a further reduction in new development volumes which will further bring down capex expenditures and accordingly increase the AFFO. On the other hand, the suspension of the dividend will lead to lower interest costs and positively contribute to the AFFO. Contact: Frank Kopfinger Head of Investor Relations & Strategy Tel. +49 (0)211/4568-550 Mob. +49 (0)1721739339
08-March-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | LEG Immobilien SE |
| Flughafenstraße 99 | |
| 40474 Düsseldorf | |
| Germany | |
| Phone: | +49 (0) 211 / 4568 - 0 |
| Fax: | +49 (0) 211 / 4568 - 22 204 |
| E-mail: | ir@leg-se.com |
| Internet: | www.leg-se.com |
| ISIN: | DE000LEG1110 |
| WKN: | LEG111 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1578069 |
| End of Announcement | EQS News Service |
|
|
1578069 08-March-2023 CET/CEST
P R O D U C T S U G G E S T I O N S
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.
