Ad-hoc Disclosures

20/12/2019 | Ad-hoc Disclosure

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

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Ad-hoc disclosure

                                                                        

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

 

 

 

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)


20.12.2019 / 15:33 CET/CEST

 

 

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

 

Graefelfing, 20. December 2019 – Fair Value REIT-AG ("Company") (WKN/ISIN A0MW97/DE000A0MW975) increases its net income in accordance with German GAAP (HGB) guidance again for the 2019 financial year to about EUR 3.7 – 3.9 million. This amount exceeds the guidance for net income of EUR 3.0 million, which was increased already in August 2019. Reasons are lower than planned maintenance cost and administrative expenses. As these items have an effect on the Funds from Operations (FFO), the Company is increasing its FFO forecast of EUR 8.4 to 9.0 million before minorities to EUR 9.6 to 10.2 million and its FFO after minorities guidance from EUR 5.4 to 5.8 million to EUR 5.8 to 6.2 million for the 2019 finacial year

 

As a result of the increase of the guidance for net income in accordance with German GAAP, Fair Value REIT-AG is also raising its target dividend for the 2019 financial year again from EUR 0.17 to 0.19 to EUR 0.23 to 0.25 per currently outstanding share.

The publication of the 2019 annual report is scheduled for 18 March 2020.

 

Fair Value REIT-AG

The Board of Management

 

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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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