HAMBORNER REIT AG: Q3 2015 - Review of successful first nine months - Forecast raised for 2015 as a whole
- Income from rents and leases up around 9%, FFO climbs 17.3%
- Growth and active portfolio management: acquisition of six properties and sale of three properties
- Forecast raised for 2015 as a whole, dividend increase of 42 cents per share planned
Duisburg, 10 November 2015 - HAMBORNER REIT AG has had a successful first three quarters of 2015.
FFO climbed by 17.3% to around EUR21.9 million in the first nine months (previous year: EUR18.7 million). With 16.5 million more shares than in the same period of the previous year, this corresponds to FFO per share of 35 cents (previous year: 41 cents).
In light of this, and subject to the final figures in the annual financial statements, the company intends to propose to the Annual General Meeting for the 2015 financial year to increase the dividend from 40 cents to 42 cents.
Key figures as at 30 September 2015
About HAMBORNER REIT AG
HAMBORNER REIT AG is a stock exchange-listed public limited company that today exclusively operates in the property sector and is positioned as a portfolio holder for high-yielding commercial properties. The company has sustainable rental incomes, with a nationally-dispersed substantial property portfolio as its foundation. Attractive retail trade spaces in key town centre sites of German cities and intermediate centres form the focal point of the portfolio. In addition, the property portfolio includes highly-frequented specialist stores and profitable office buildings, as well as spaces for medical practices.
HAMBORNER REIT AG stands out due to its many years of experience in the property and capital market, its lean and transparent corporate structure as well as its special proximity to the tenants. Since February 18, 2010 HAMBORNER has been a registered Real Estate Investment Trust (REIT) and benefits at company level from exemption from corporation and trade tax.
End of Media Release
Issuer: HAMBORNER REIT AG
Key word(s): Real estate
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|Company:||HAMBORNER REIT AG|
|Listed:||Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart|
|End of News||DGAP Media|