|
Research update: alstria office-REIT AG June 22, 2009  Better choose the stock dividend! alstria offers both cash and stock dividends alstria is offering its treasury shares at a rate of €4.16 against cash dividend claims. This represents a discount of 30.8% compared to Friday’s closing price. At a dividend claim of ... ...Subscribe to VISCARDI Research... |
|
Research update: alstria office-REIT AG May 15, 2009 Well on track to meet 2009 FFO goals Q1/09 review alstria reported solid Q1/09 figures this morning, in-line with consensus and our estimates. Rental income was €25.7mn, +9.0% YoY or ... ...Subscribe to VISCARDI Research... |
|
Research update: alstria office-REIT AG March 31, 2009 A bargain basement Overview of key indicators alstria’s FY2008 key indicators were below our expectations with EPS of €-1.00 (vs. our forecast of €-0.91) and NAVPS of ... ...Subscribe to VISCARDI Research... |
|
Research update: alstria office-REIT AG February 12, 2009 Successful renegotiation of syndicated loan LTV covenant increased to 65%, ICR lowered to 130% As expected, alstria has successfully renegotiated its main corporate loan facility agreement of €995.3mn increasing its LTV covenant from 60% to 65% and decreasing its interest cover ratio covenant from... ...Subscribe to VISCARDI Research... |
|
Research update: alstria office-REIT AG August 20, 2008 Still benefiting from 2007 acquisitions Rental income of €49.6mn (H1/07 €39.1mn) implies an annual growth of 27%, which was mainly reached by the acquisitions in late 2007. The later ruled out the rise in vacancy from 61.743 sqm to 72.863 sqm, resulting in an overall portfolio vacancy rate of 7.6%. However, our ... ...Subscribe to VISCARDI Research... |
|
Initiation of Coverage: alstria office REIT-AG April 02, 2008 Portfolio expansion through sales and lease-back Being the first German REIT, alstria is an asset manager, which expands its real estate portfolio through sale and lease-back transactions. alstria has specialised in acquisition, ownership and management of office buildings and focuses on office property in central locations of large German ... ...Subscribe to VISCARDI Research... |