HAMBORNER REIT AG / Key word(s): Quarter Results/Real Estate
HAMBORNER REIT AG: Significant growth in earnings and progress with sales
- Rental and leasing income up 23% as at 30 September 2013, net profit for period climbs 32%
- FFO rises 25%
- Sales of smaller properties in Moers und Oberhausen that were not consistent with the strategy
Portfolio expanded further and progress in selling smaller properties not consistent with the strategy:
FFO increase of 25%:
Key figures as at 30 September 2013
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.
Tel.: +49 (0)203 54405-32
Fax: +49 (0)203 54405-49
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|Company:||HAMBORNER REIT AG|
|Listed:||Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, Hannover, München, Stuttgart|
|End of News||DGAP News-Service|