Nov 9 (Reuters) - LEG Immobilien AG ::FFO I CONTINUES TO INCREASE - UP 7.0% AT EUR 242.2 MILLION DESPITE HIGHER MAINTENANCE EXPENSES.EPRA NAV INCREASES TO EUR 90.21 PER SHARE; VALUE OF THE PORTFOLIO EXPECTED TO CLIMB AGAIN BY AROUND 4.0% IN Q4.LIKE-FOR-LIKE RENT PER SQUARE METRE UP 2.7% IN LINE WITH PLANNING; GUIDANCE FOR YEAR AS A WHOLE CONFIRMED AT PLUS 3.0%.FFO I FORECAST CONFIRMED FOR 2018 (EUR 315-323 MILLION) AND 2019 (EUR 338-344 MILLION).FIRST GUIDANCE FOR 2020 ANTICIPATES FURTHER RISE IN FFO I TO BETWEEN EUR 356 AND EUR 364 MILLION.REUTERS POLL FOR LEG IMMOBILIEN Q3 - CORE PROFIT WAS SEEN UP 6.5 PERCENT, Q3 FFO I WAS SEEN AT 82.5 MILLION EUROS.EPRA NET ASSET VALUE (NOT INCLUDING GOODWILL) AMOUNTED TO EUR 90.21 PER SHARE AS AT 30 SEPTEMBER 2018 (31 DECEMBER 2017: EUR 83.81 PER SHARE), REPRESENTING AN INCREASE OF 7.6% IN THE FIRST NINE MONTHS..THE PORTFOLIO IS ALSO SET TO CONTINUE ENJOYING VALUE DEVELOPMENT AT THE NEXT REVALUATION IN Q4, WITH APPRECIATION ANTICIPATED AT AROUND 4%.LEG IS CONFIRMING ITS FORECAST FOR FFO I OF BETWEEN EUR 315 MILLION AND EUR 323 MILLION IN 2018 AND BETWEEN EUR 338 MILLION AND EUR 344 MILLION IN 2019.THE FIRST EARNINGS GUIDANCE FOR THE 2020 FINANCIAL YEAR ANTICIPATES THE POSITIVE PROFIT GROWTH TO CONTINUE, WITH FFO I OF BETWEEN EUR 356 MILLION AND EUR 364 MILLION..
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March 8 (Reuters) - Leg Immobilien AG ::REAFFIRMS GUIDANCE FOR 2018 AND 2019.FUNDS FROM OPERATIONS (FFO I), AS KEY PERFORMANCE INDICATOR, INCREASED SIGNIFICANTLY BY 10.1% YEAR-ON-YEAR TO EUR 295.3 MILLION.FFO I PER SHARE CLIMBED BY 9.6% TO EUR 4.67.EBITDA MARGIN, MAJOR KPI FOR OPERATING EFFICIENCY, WAS EXPANDED YEAR-ON-YEAR TO 72.1% (PREVIOUS YEAR: 69.5%).IN-PLACE RENT PER SQUARE METRE ROSE BY 3.3% YEAR-ON-YEAR ON A LIKE-FOR-LIKE BASIS TO AN AVERAGE OF EUR 5.46 PER SQUARE METRE.OVERALL INVESTMENTS WERE INCREASED TO EUR 22.40 PER SQUARE METRE (PREVIOUS YEAR: EUR 18.20 PER SQUARE METRE).IT IS PLANNED TO INCREASE INVESTMENT VOLUME FURTHER TO APPROXIMATELY EUR 29 PER SQUARE METRE IN 2018..TO REPORTING DATE, AVERAGE FINANCING COSTS AT LEG WERE REDUCED FURTHER TO 1.74% (PREVIOUS YEAR: 2.04%)..LOAN-TO-VALUE RATIO (LTV) REMAINED AT A LOW LEVEL OF 42.3% (PREVIOUS YEAR: 44.9%) AS AT END OF 2017.POSITIVE BUSINESS DEVELOPMENT EXPECTED TO CONTINUE IN 2018 AND 2019.
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March 8 (Reuters) - LEG ::IMMOBILIEN SAYS FFO I IMPROVED SIGNIFICANTLY IN 2017 BY 10.1% TO EUR 295.3 MILLION.SAYS DIVIDEND (PROPOSAL) PER SHARE INCREASED BY 10.1% TO EUR 3.04.SAYS OUTLOOK FOR 2018 AND 2019 CONFIRMED - FFO I 2018: EUR 315 TO EUR 323 MILLION.
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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.
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Aug 29 (Reuters) - LEG IMMOBILIEN AG :DGAP-ADHOC: LEG IMMOBILIEN AG: SUCCESSFUL PLACEMENT OF EUR 400 MILLION CONVERTIBLE BONDS.INTENDS TO USE NET PROCEEDS FOR LONG-TERM FINANCING OF ITS RECENTLY EXECUTED AND SIGNED PORTFOLIO ACQUISITIONS.COUPON WAS SET AT 0.875% PER ANNUM.INITIAL CONVERSION PRICE OF EUR 118.4692.BONDS ARE CONVERTIBLE INTO APPROX. 3.4 MILLION NEW AND/OR EXISTING ORDINARY REGISTERED SHARES OF LEG.SHAREHOLDERS' PRE-EMPTIVE RIGHTS ARE EXCLUDED.
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Aug 29 (Reuters) - Block Trade - Leg Immobilien Ag ::BOOKRUNNER SAYS DEAL LIKELY TO PRICE AT BEST TERMS INVESTORS; BOOK WILL CLOSE AT 12.00 CET / 11.00UK IN CO'S COVERTIBLE BOND.
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Aug 29 (Reuters) - LEG Immobilien Ag ::BOOKRUNNER SAYS BOOKS ARE COVERED, PRICING GUIDANCE TO COME IN COMPANY'S CONVERTIBLE BOND.
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Aug 29 (Reuters) - Leg Immobilien Ag :dgap-adhoc: leg immobilien ag: launch of eur 400 million convertible bond offering.Says bonds will be convertible into new and/or existing ordinary registered shares of leg.Says intends to use net proceeds for long-term financing of its recently executed and signed portfolio acquisitions as well as for general corporate purposes.Says bonds will have a maturity of 8 years and will be issued and, unless previously converted or repurchased and cancelled, redeemed at 100% of their principal amount with a denomination of eur 100,000 per bond.Says bonds will be offered with a coupon between 0.125% and 0.875% per annum.Says pricing of offering is expected to take place today following an accelerated bookbuilding process, and settlement is expected to take place on or around september 1, 2017.
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Aug 23 (Reuters) - LEG IMMOBILIEN AG ::FURTHER ACQUISITIONS IN CORE MARKETS.PURCHASE OF TWO ATTRACTIVE PORTFOLIOS WITH 1,400 UNITS IN LEG’S CORE MARKETS.POSITIVE EFFECTS ON FFO PER SHARE EXPECTED EVEN AFTER CONCLUSION OF FINANCING.
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Aug 10 (Reuters) - LEG Immobilien AG :Says FFO I in H1 2017 rose by 8.1% to eur 148.8 million.Says FFO I expected to reach a range of eur 290 million to eur 295 million in 2017.Says FFO I to be in range of eur 315 million to eur 323 million in 2018, not including effects of further acquisitions.Says acquisition of around 2,100 residential units in high-growth markets supports further earnings growth; additional portfolios are currently in consideration.Says if additional acquisitions are successfully concluded, a further increase in FFO I targets can be expected.
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