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LEG Immobilien AG

LEGn.DE

Latest Trade

111.55EUR

Change

0.80(+0.72%)

Volume

111,993

Today's Range

110.40

 - 

111.55

52 Week Range

97.04

 - 

112.55

As of on the XETRA ∙ Minimum 15 minute delay

Latest Developments

LEG Immobilien Raises 2020 FFO I Forecast

Nov 15 (Reuters) - LEG Immobilien AG <LEGn.DE>::FFO I FORECAST FOR 2019 CONFIRMED.FFO I RISES SIGNIFICANTLY BY 7.0% IN THE FIRST NINE MONTHS OF THE YEAR TO EUR 259.1 MILLION.FFO I FORECAST FOR 2020 RAISED THANKS TO POSITIVE EFFECTS FROM ACQUISITIONS AND EARLY REFINANCING (EUR 370 TO 380 MILLION UP FROM EUR 356 TO 364 MILLION).Q3 FFO I OF 88.2 MILLION EUR.Q3 EBITDA OF 107.1 MILLION EUR.Q3 NET PROFIT OF 19.8 MILLION EUR.Q3 RENTAL INCOME OF 147.3 MILLION EUR.ADJUSTED. EPRA NAV (DILUTED) OF 6.91 BILLION EUR AS OF SEPT 30.BASED ON HIGH LEVEL OF DEMAND FOR GERMAN RESIDENTIAL PROPERTY AND GOOD OPERATING PERFORMANCE, FURTHER POSITIVE VALUE DEVELOPMENT IS FORECAST FOR H2.PORTFOLIO ALSO BENEFITING FROM THE CATCH-UP EFFECTS IN MANY B CITIES.CO CONFIRMS FORECAST FOR FFO I OF BETWEEN EUR 338 MILLION AND EUR 344 MILLION IN 2019, EXPECTS IT TO BE ON LOWER END OF RANGE ON ACCOUNT OF SUBSTANTIAL NUMBER OF SALES.

LEG Immobilien Planning To Appoint New CFO By Mid-2020

Oct 11 (Reuters) - LEG Immobilien AG <LEGn.DE>::LEG IMMOBILIEN PLANNING TO APPOINT NEW CFO BY MID-2020.

LEG Immobilien’s CFO Resigns

Aug 28 (Reuters) - LEG Immobilien AG <LEGn.DE>::ECKHARD SCHULTZ RESIGNING FROM MANAGEMENT BOARD OF LEG IMMOBILIEN AG.CEO LARS VON LACKUM TO ALSO TAKE ON ROLE OF CFO.SCHULTZ AND SUPERVISORY BOARD REACHED DECISION FOLLOWING THOROUGH DELIBERATION AND BY MUTUAL AGREEMENT ON BEST OF TERMS.

LEG Immobilien Affirms FFO 1 Forecast For 2019, 2020

Aug 9 (Reuters) - LEG Immobilien AG <LEGn.DE>::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.

LEG Immobilien: Adjustment Of Conversion Price For Convertible Bond

May 31 (Reuters) - LEG IMMOBILIEN AG <LEGn.DE>::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).

Leg Confirms Forecasts As FFO I Rises By 14.4 Pct In Q1 To 84.9 Mln Euros

May 9 (Reuters) - Leg Immobilien Ag <LEGn.DE>::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.

LEG Immobilien CFO Says We Will Not Refrain From Acquisitions In 2019

March 11 (Reuters) - LEG Immobilien AG <LEGn.DE>::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.

Leg Immobilien Confirms Guidance For 2019 And 2020

March 11 (Reuters) - LEG Immobilien AG <LEGn.DE> 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 .

LEG Immobilien Names New CEO, Affirms 2019/2020 Outlook

March 10 (Reuters) - LEG Immobilien AG <LEGn.DE>::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.

LEG Immobilien - 9M FFO I Up 7 pct, Confirms Forecast

Nov 9 (Reuters) - LEG Immobilien AG <LEGn.DE>::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..

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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