Ad hoc: Fair Value REIT-AG: Increase of FFO forecast for the fiscal year ending December 31, 2018

Freitag, 01.03.2019 21:05 von DGAP - Aufrufe: 744

DGAP-Ad-hoc: Fair Value REIT-AG / Key word(s): Change in Forecast Fair Value REIT-AG: Increase of FFO forecast for the fiscal year ending December 31, 2018 01-March-2019 / 21:03 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.


Ad-hoc disclosure Insider information according to Art. 17 of the EU Market Abuse Regulation

(published on March 1, 2019)

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, March 1, 2019 - In the course of the preparation of the annual financial statements for the fiscal year ending December 31, 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. EUR13 million and c. EUR8 million after non-controlling interests. Initially, for the fiscal year ending December 31, 2018 Fair Value REIT-AG expected FFO before non-controlling interests to range between EUR8.7 million and EUR9.3 million and after non-controlling interests between EUR5.1 million and EUR5.5 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 EUR 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 December 31, 2018 will be published on March 20, 2019.

Contact: Fair Value REIT-AG Stefan Herb Wuermstraße 13a 82166 Graefelfing Tel.: +49-89-9292815-10 Fax: +49-89-9292815-15 E-Mail: herb@fvreit.de


01-March-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de


Language: English
Company: Fair Value REIT-AG
Würmstraße 13a
82166 Gräfelfing
Germany
Phone: +49 (0)89 9292 815-10
Fax: +49 (0)89 9292 815-15
E-mail: info@fvreit.de
Internet: www.fvreit.de
ISIN: DE000A0MW975
WKN: A0MW97
Indices: RX REIT All Share Index, RX REIT Index
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
 
End of Announcement DGAP News Service

783037  01-March-2019 CET/CEST

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