The bottom line was a slight decline in profit.
The Dsseldorf-based residential property group, which is listed on the MDAX, confirmed its forecast for the year as a whole. The main indicator FFO I should remain in the range of EUR 475 to 490 million.
In the period from April to June, LEG Immobilien SE increased FFO I by 5.2 percent to EUR 120.0 million from EUR 114.1 million. FFO I per share was EUR 1.64 after EUR 1.58. FFO I is the operating profit after current interest and taxes, from which the dividend is fed.
Adjusted EBITDA increased by 10.3 percent to EUR 149.3 million. After taxes and third parties, profit fell to EUR 905.7 (938.9) million.
On the income side, the net cold rent increased by almost 17 percent to 198.7 million euros. The adjusted result from letting and leasing increased by 10 percent to 156.2 million euros.
By Ulrike Duration
FRANKFURT (Dow Jones)
Leverage must be between 2 and 20
No data
More news about LEG real estate
Image sources: LEG
