Hamburg (pta/14.12.2021/17:40 UTC+1)
Hamburg, December 14, 2021 - The year-end valuation of the real estate portfolio of alstria office REIT-AG ("alstria", ISIN DE000A0LD2U1) is currently being conducted by the independent valuer Savills Advisory Services Germany GmbH & Co. KG, with the final valuation date being set for December 31, 2021.
A first preliminary indication points to a fair value of the real estate portfolio of approximately EUR 4.85 billion (unaudited - FY2020: EUR 4.58 billion). The increase in value reflects the capex spent in the company’s portfolio (EUR 117 million), the net impact of the transaction activities (EUR 55 million), and the valuation gain, which is expected in a range of EUR 80-90 million.
The estimated unaudited preliminary impact on the company’s net income FY2021 would be EUR 0.45-0.50 per share.
20095 Hamburg, Germany
+49 40 22 63 41-344
20095 Hamburg, Germany
+49 40 22 63 41-389
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 September 30, 2021, the portfolio comprises 111 buildings with a lettable area of 1.5 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 office REIT-AG
|Contact Person:||alstria office REIT-AG|
|Phone:||+49 40 226341-344|
|Stock Exchange(s):||Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Hannover, Munich, Stuttgart, Tradegate|
|Other Stock Exchanges:||London, Börse Luxemburg, SIX, Wiener Börse|