Edition:
United Kingdom

LEG Immobilien AG (LEGn.DE)

LEGn.DE on Xetra

99.04EUR
16 Sep 2019
Change (% chg)

€-0.90 (-0.90%)
Prev Close
€99.94
Open
€99.54
Day's High
€99.60
Day's Low
€98.46
Volume
305,659
Avg. Vol
168,746
52-wk High
€112.55
52-wk Low
€90.32

Latest Key Developments (Source: Significant Developments)

LEG Immobilien Affirms FFO 1 Forecast For 2019, 2020
Friday, 9 Aug 2019 

Aug 9 (Reuters) - LEG Immobilien AG ::AFFIRMS FFO 1 FORECAST FOR 2019, 2020.AFFIRMS FFO 1 FORECAST FOR 2019, 2020; SEES CONTINUED POSITIVE MARKET ENVIRONMENT.EPRA NAV PER SHARE UP 5.1% TO 99.57 EUR.FFO 1 IN THE FIRST HALF-YEAR UP 9.3%, TO 171 MILLION EUR.  Full Article

LEG Immobilien: Adjustment Of Conversion Price For Convertible Bond
Friday, 31 May 2019 

May 31 (Reuters) - LEG IMMOBILIEN AG ::ADJUSTMENT OF THE CONVERSION PRICE FOR THE CONVERTIBLE BOND OF LEG IMMOBILIEN AG IN THE AMOUNT OF EUR 400 MILLION DUE ON SEPTEMBER 1, 2025 (ISIN DE000A2GSDH2).CONVERSION PRICE NOW TOTALS EUR 117.2547 (PREVIOUSLY: EUR 118.1096).  Full Article

Leg Confirms Forecasts As FFO I Rises By 14.4 Pct In Q1 To 84.9 Mln Euros
Thursday, 9 May 2019 

May 9 (Reuters) - Leg Immobilien Ag ::FFO I ROSE BY 14.4 PERCENT IN Q1 TO 84.9 MILLION EUROS.OPERATIONAL EBITDA MARGIN ROSE TO 73 PERCENT.CONFIRMS GOAL FOR EBITDA MARGIN OF AROUND 73 PERCENT IN 2019 AND AROUND 74 PERCENT IN 2020.CONFIRMS FORECAST FOR FFO I 2019 OF 338 TO 344 MILLION EUROS AND OF 356 TO 364 MILLION EUROS FOR 2020.  Full Article

LEG Immobilien CFO Says We Will Not Refrain From Acquisitions In 2019
Monday, 11 Mar 2019 

March 11 (Reuters) - LEG Immobilien AG ::CFO SAYS WE WILL NOT GO WITHOUT ACQUISITIONS IN 2019, BUT THEY HAVE TO FIT IN.WITHOUT A CAPITAL INCREASE WE HAVE A FINANCIAL LEEWAY OF AROUND 400 MILLION EUR FOR ACQUISITIONS.DESIGNATED CEO SUCCESSOR SAYS IF WE WERE TO DO AN ACQUISITION OUTSIDE OF NORTH RHINE-WESTPHALIA REGIONAL STATE THIS NEEDS TO BE A LARGE TAKEOVER.CEO SAYS WE ARE IN TALKS CONCERNING TAKEOVERS OF SMALL- AND MEDIUM-SIZED PORTFOLIOS.  Full Article

Leg Immobilien Confirms Guidance For 2019 And 2020
Monday, 11 Mar 2019 

March 11 (Reuters) - LEG Immobilien AG in presentation::2018 FFO 1 €318.6M (+7.9% YOY FROM €295.3M), €5.04 PER SHARE (+7.9% YOY FROM €4.67) .DIVIDEND €3.53 PER SHARE (UP FROM €3.04 IN FY-2017, +16.1% YOY)) .GUIDANCE FOR 2019 & 2020 CONFIRMED - PRESENTATION.FY CONSOLIDATED NET PROFIT 847.1 MILLION EUR .  Full Article

LEG Immobilien Names New CEO, Affirms 2019/2020 Outlook
Sunday, 10 Mar 2019 

March 10 (Reuters) - LEG Immobilien AG ::Thomas Hegel departs as CEO at the end of next AGM on 29 May 2019.As of 1 June 2019 his successor is Lars von Lackum.FFO I amounted to 318.6 mln euros in 2018, increasing by 7.9 pct.Negative effect of increased costs for craftsmen services was offset by efficiency measures.Operating EBITDA margin improved to 72.3 pct (2017: 72.1 pct).Expect to see further improvement in operating margin over coming years.Proposes dividend of 3.53 euros/share, up 16.1 pct.Confirms outlook for FFO I of 338-344 mln euros in 2019 and 356-364 mln euros in 2020.  Full Article

Germany's LEG Immobilien COO To Leave Company
Friday, 14 Sep 2018 

Sept 14 (Reuters) - LEG Immobilien AG ::HOLGER HENTSCHEL (COO) TO LEAVE THE COMPANY.THOMAS HEGEL (CEO) TAKES ON ADDITIONAL RESPONSIBILITY FOR THE OPERATING BUSINESS AND HANDS OVER OTHER AREAS.CREATES NEW ROLE OF CHIEF DIGITAL OFFICER (CDO) AND GAINS LARS VON LACKUM FROM ERGO INTERNATIONAL AG FOR THIS POSITION.  Full Article

LEG Immobilien Adjusts Conversion Price For Convertible Bond
Friday, 18 May 2018 

May 18 (Reuters) - LEG Immobilien AG ::ADJUSTMENT OF CONVERSION PRICE FOR CONVERTIBLE BOND IN AMOUNT OF EUR 300 MILLION DUE ON JULY 1, 2021.CONVERSION PRICE NOW TOTALS EUR 53.2318 (PREVIOUSLY: EUR 54.9914).  Full Article

LEG Immobilien targets further profit gain in 2019
Friday, 10 Nov 2017 

Nov 10 (Reuters) - LEG Immobilien AG :Says Q3 FFO I 77.5 million eur.Q3 rental income up 2.1 percent at 134.7 million euros.Believes it is well positioned to achieve its earnings targets for 2017 and 2018‍​.Sees 2019 FFO I of 338 million euros to 344 million, like-for-like rental growth of around 3.5 percent.  Full Article

UPDATE 2-European stocks end brutal August on a positive note

* STOXX 600 posts best week since June (Recasts with new comment, updates to close)