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BRIEF-WCM Beteiligungs- und Grundbesitz Q1 FFO I up to EUR 5.8 mln
May 16, 2017 / 5:33 AM / 3 months ago

BRIEF-WCM Beteiligungs- und Grundbesitz Q1 FFO I up to EUR 5.8 mln

May 16 (Reuters) - WCM BETEILIGUNGS- UND GRUNDBESITZ-AG :

* SAID ON MONDAY Q1 RENTAL INCOME RISES TO EUR10.8M (PREV. YEAR: EUR7.7M)

* Q1 FUNDS FROM OPERATIONS (FFO I) WERE ALSO SIGNIFICANTLY HIGHER AT EUR5.8M IN COMPARISON TO THE EUR4.4M IN THE COMPARABLE PERIOD OF THE PREVIOUS YEAR

* Q1 EPRA NET ASSET VALUE (NAV) WAS RAISED TO EUR371.8M OR EUR2.75 PER SHARE COMPARED TO EUR345.4M OR EUR2.62 PER SHARE AT THE 31 DECEMBER 2016

* GUIDANCE CONFIRMED, EXCEPTIONAL PERSPECTIVES DUE TO ENVISAGED TRANSACTION WITH TLG

* IN COMBINATION WITH THE RELEASE OF THE POSITIVE Q1 REPORT THE MANAGEMENT BOARD REITERATES THE FORECASTS REGARDING FFO AND RENTAL INCOME FOR 2017

* ON THE BACK OF THE PUBLISHED RESULTS, THE COMPANY EXPECTS THE 2017 FFO TO RANGE BETWEEN EUR23M TO EUR24M. RENTAL INCOME IS EXPECTED TO RISE TO EUR42M AND EUR44M

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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