March 22, 2017 / 6:12 AM / 4 months ago

BRIEF-ADO Properties FY 2016 FFO1 up 41.7 pct at 43.5 million euros

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March 22 (Reuters) - ADO Properties SA:

* FY strong increase of income from rental activities (+36.5 pct)

* FY EBITDA from rental activities (+30.7 pct) and FFO1 (+41.7 pct)

* Significant annual like-for-like rental growth of 6.0 pct in 2016

* Dividend proposal for business year 2016 of 0.45 euros per share (2015: 0.35 euros per share)

* Positive outlook for 2017 financial year and expected FFO 1 run rate in 2017 around 60 million euros after investing current cash position

* FY FFO1 (without profit from disposals) has increased by 41.7 pct up to 43.5 million euros (2015: 30.7 million euros) equivalent to an FFO1 of 1.11 euros per share (2015: 1.04 euros per share) Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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