01/03/2019 | Ad-hoc Disclosure
Increase of FFO forecast for the fiscal year ending 31 December 2018
437Ad-hoc disclosure
Insider information according to Art. 17 of the EU Market Abuse Regulation
(published on 1 March 2019, 19:17 CET/CEST)
Fair Value REIT-AG
Wuermstraße 13a
82166 Graefelfing
WKN (German Securities Code): A0MW97
ISIN: DE000A0MW975
Disclosure of an inside information pursuant to Article 17 of the Regulation (EU) No 596/2014 (MAR)
Fair Value REIT-AG / Key word(s): Change in FFO forecast
Fair Value REIT-AG: Increase of FFO forecast for the fiscal year ending December 31, 2018
Graefelfing, 1 March 2019 – In the course of the preparation of the annual financial statements for the fiscal year ending 31 December 2018 the executive board (Vorstand) of Fair Value REIT-AG determined that the funds from operations (FFO) before non-controlling interests will amount to c. €13 million and c. €8 million after non-controlling interests. Initially, for the fiscal year ending 31 December 2018 Fair Value REIT-AG expected FFO before non-controlling interests to range between €8.7 million and €9.3 million and after non-controlling interests between €5.1 million and €5.5 million.
The initially expected FFO result included letting-related expenses, which in part have not incurred to the expected amount during the last fiscal year. Additionally, maintenance expenses have not incurred as expected, as well. In total, both effects resulted in lower as expected real estate-related expenses.
The target dividend of € 0.15 per share for all shares currently outstanding is upheld. As expected the dividend will amount to c. 90 % of the planned net income according to German GAAP (HGB).
All published figures are preliminary and unaudited. The final figures for the fiscal year ending 31 December 2018 will be published on 20 March, 2019.
2019
