Ad-hoc Disclosures

07/08/2019 | Ad-hoc Disclosure

Fair Value REIT-AG raises 2019 forecast for net income in accordance with German GAAP (HGB) and target dividend

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Ad-hoc disclosure

                                                                        

Insider information according to Article 17 of the EU Market Abuse Regulation

 

(published on 7 August 2019, 17:09 CET/CEST) 

 

Fair Value REIT-AG

Wuermstraße 13a

82166 Graefelfing

WKN (German Securities Code): A0MW97

ISIN: DE000A0MW975

 

Disclosure of insider information pursuant to Article 17 of the Regulation (EU) No 596/2014 (MAR)

 

Fair Value REIT-AG raises 2019 forecast for net income in accordance with German GAAP (HGB) and target dividend

 

Graefelfing, 7 August 2019 – Fair Value REIT-AG ("Company") (WKN/ISIN A0MW97/DE000A0MW975) expects its net income in accordance with German GAAP (HGB) for the 2019 financial year to amount to about EUR 3.0 million. This amount exceeds the forecast for net income of EUR 2.3 million, announced with the publication of the 2018 key financial figures in March 2019. Reasons are mainly the profit from the the sale of one asset and lower general and administrative expenses. As these items have no material effect on the funds from operations (FFO), the Company is confirming its FFO forecast.

 

As a result of the adjustment in the forecast for net income in accordance with German GAAP, Fair Value REIT-AG is raising its target dividend for the 2019 financial year from EUR 0.15 to a range of EUR 0.17 to 0.19 per currently outstanding share.

 

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A REIT – Higher Return for Investors

REIT stands for Real Estate Investment Trust. The assets of these listed companies in Germany consist mainly of real estate and investments in other real estate companies.

 

At the international level, REITs have been established for many years. On 1 January 2007, they were introduced in Germany as well.

 

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