April 24, 2017 / 6:45 PM / 7 months ago

BRIEF-Alstria Office buys 168.5 mln portfolio, FFO seen rising

April 24 (Reuters) - Alstria Office Reit Ag

* Alstria Office REIT-AG: acquisition of a portfolio of twelve office buildings in Hamburg, Düsseldorf and Berlin

* Acquisition is accretive to FFO per share, a full year impact on revenues of eur 9.9 m and FFO of around eur 7.3 m expected

* Alstria Office REIT-AG acquires an office property portfolio for a total consideration (all-in-cost) of eur 168.5 m

* Portfolio will be financed with eur 108.5 m of existing cash and eur 60.0 m of new debt which represents a LTV of around 36 pct in line with company’s mid-term deleveraging target.

* Transaction are expected to increase Alstria’s funds from operations (FFO) by approximately eur 7.3 m on a full-year basis

* Closing of transaction, which is subject to customary conditions precedents, is expected to take place towards mid-2017 Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below