Edition:
India

LEG Immobilien AG (LEGn.DE)

LEGn.DE on Xetra

125.58EUR
9:05pm IST
Change (% chg)

€0.42 (+0.34%)
Prev Close
€125.16
Open
€125.38
Day's High
€126.28
Day's Low
€124.30
Volume
307,440
Avg. Vol
239,869
52-wk High
€127.24
52-wk Low
€75.12

Latest Key Developments (Source: Significant Developments)

LEG Immobilien Not Resuming Talks With TAG Immobilien - CEO
Friday, 7 Aug 2020 

Aug 7 (Reuters) - LEG Immobilien AG CEO::RULES OUT EXPANSION ABROAD.WE ARE LOOKING INTO EXPANSION IN SERVICES SECTOR.WE'RE NOT RESUMING TALKS WITH TAG IMMOBILIEN.  Full Article

LEG Immobilien H1 Rental Income Rises 5.3%
Thursday, 6 Aug 2020 

Aug 6 (Reuters) - LEG IMMOBILIEN AG ::SIGNIFICANTLY INCREASES EARNINGS IN FIRST HALF OF YEAR AND CONFIRMS FULL-YEAR FORECAST FOR 2020 IN UPPER HALF OF TARGET RANGE.Q2 NAV INCREASES FURTHER TO EUR 117.23 PER SHARE, OR EUR 113.63 AFTER ADJUSTMENT FOR PROPOSED CASH DIVIDEND.H1 OPERATING EBITDA MARGIN IMPROVED SIGNIFICANTLY TO 76.4 % (H1 2019: 74.5 %)..INCREASE IN H1 RENTAL INCOME OF EUR 15.5 MILLION OR 5.3 % IS PRIMARILY DUE TO ACQUISITIONS (+ EUR 13.3 MILLION)..  Full Article

LEG Immobilien Generates Gross Proceeds Of €273 From Capital Increase
Wednesday, 24 Jun 2020 

June 24 (Reuters) - LEG Immobilien AG ::DGAP-ADHOC: LEG ANNOUNCES SUCCESSFUL PLACEMENT OF NEW SHARES FROM A CAPITAL INCREASE AND CONVERTIBLE BONDS.PLACED A CAPITAL INCREASE AGAINST CASH CONTRIBUTION ( "CAPITAL INCREASE"), PLACING A TOTAL OF 2.37 MILLION ORDINARY REGISTERED SHARES WITH INSTITUTIONAL INVESTORS BY WAY OF AN ACCELERATED BOOKBUILDING.EACH SHARE REPRESENTING EUR 1.00 OF SHARE CAPITAL.ISSUE PRICE WAS EUR 115 PER SHARE.GROSS PROCEEDS OF AROUND EUR 273 MILLION.SHAREHOLDERS' SUBSCRIPTION RIGHTS HAVE BEEN EXCLUDED.NEW SHARES WILL BE ADMITTED TO TRADING ON REGULATED MARKET.ALSO PLACED SENIOR, UNSECURED CONVERTIBLE BONDS DUE 2028 IN AN AGGREGATE PRINCIPAL AMOUNT OF EUR 550 MILLION.CONVERTIBLE BONDS WILL HAVE A MATURITY OF 8 YEARS WITH A DENOMINATION OF EUR 100,000 PER CONVERTIBLE BOND AND WILL BE ISSUED AT 100% OF THEIR PRINCIPAL AMOUNT WITH A SEMI-ANNUALLY PAYABLE COUPON OF 0.40% PER ANNUM.INITIAL CONVERSION PRICE AMOUNTS TO EUR 155.25.CONVERSION PREMIUM OF 35% ABOVE REFERENCE SHARE PRICE.WILL RECEIVE GROSS PROCEEDS IN AN AMOUNT OF AROUND EUR 273 MILLION FROM CAPITAL INCREASE AND EUR 550 MILLION FROM ISSUE OF CONVERTIBLE BONDS.INTENDS TO USE NET PROCEEDS TO FINANCE ITS MOST RECENT ACQUISITIONS OF CA. 7,500 UNITS AS WELL AS FOR GENERAL CORPORATE PURPOSES.  Full Article

Leg Immobilien Buys About 7,500 Apartments In North And South-West Of Germany
Monday, 22 Jun 2020 

June 22 (Reuters) - LEG IMMOBILIEN AG ::BUYS ABOUT 7,500 APARTMENTS IN NORTH AND SOUTH-WEST OF GERMANY.EXPECTS FFO I IN 2020 IN UPPER HALF OF TARGET RANGE OF 370-380 MILLION EUROS.BUYS TWO PORTFOLIOS WITH RENTAL INCOME OF AROUND EUR 35 MILLION.  Full Article

Adhoc Leg Immobilien AG And Tag Immobilien AG Jointly Terminate Talks On Combination Of Both Companies
Wednesday, 27 May 2020 

May 26 (Reuters) - Leg Immobilien Ag ::DGAP-ADHOC: LEG IMMOBILIEN AG AND TAG IMMOBILIEN AG JOINTLY TERMINATE TALKS ON A COMBINATION OF BOTH COMPANIES.TWO COMPANIES WILL NOT PURSUE INTENDED COMBINATION FURTHER.NO AGREEMENT COULD BE REACHED PARTICULARLY WITH REGARD TO A POSSIBLE EXCHANGE RATIO.  Full Article

LEG Immobilien In Talks About Potential Combination With TAG
Friday, 22 May 2020 

May 22 (Reuters) - LEG IMMOBILIEN AG ::TALKS ON POTENTIAL BUSINESS COMBINATION WITH TAG.MANAGEMENT BOARD OF LEG IMMOBILIEN AG CONFIRMS THAT IT IS IN TALKS WITH TAG IMMOBILIEN AG ABOUT A POTENTIAL COMBINATION OF BUSINESSES OF BOTH COMPANIES.AT THIS STAGE IT IS UNCERTAIN WHETHER AN AGREEMENT WILL BE REACHED AND WHETHER A TRANSACTION WILL BE ANNOUNCED..LEG WOULD OFFER TO TAG SHAREHOLDERS TO EXCHANGE THEIR SHARES INTO LEG SHARES.  Full Article

LEG Immobilien Postpones AGM Due To Coronavirus
Thursday, 2 Apr 2020 

April 2 (Reuters) - LEG Immobilien AG ::POSTPONES AGM DUE TO CORONAVIRUS PANDEMIC.NEW DATE IS SET AND COMMUNICATED AS SOON AS RELIABLE PLANNING IS POSSIBLE.DESPITE POSTPONEMENT OF AGM, MAINTAINS PREVIOUSLY COMMUNICATED DIVIDEND OF EUR 3.60 PER SHARE FOR 2019.  Full Article

LEG Immobilien Says 2019 FFO I Up 7.1% To 341.3 Mln Eur
Monday, 9 Mar 2020 

March 9 (Reuters) - LEG Immobilien::NAV INCREASES TO EUR 105.39 PER SHARE.COMPARABLE RENT PER SQM +2.9 PERCENT.PROPOSED DIVIDEND OF EUR 3.60 PER SHARE.FFO I FORECAST FOR 2020 CONFIRMED (370 TO 380 MILLION EUROS).PROSPECTS FOR PROFIT GROWTH AND INCREASE IN VALUE OF PORTFOLIO REMAIN POSITIVE FOR 2020.BASED ON THE WEIGHTED AVERAGE NUMBER OF SHARES, FFO IS EUR 5.27 PER SHARE, UP 4.6% ON THE FIGURE FOR THE PREVIOUS YEAR.2019 OPERATING EBITDA MARGIN IMPROVED ONCE AGAIN TO 72.8% (PREVIOUS YEAR: 72.3%).2019 FFO I INCREASES BY 7.1 PERCENT TO 341.3 MILLION EUROS.  Full Article

LEG Immobilien Raises 2020 FFO I Forecast
Friday, 15 Nov 2019 

Nov 15 (Reuters) - LEG Immobilien AG ::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.  Full Article

LEG Immobilien Planning To Appoint New CFO By Mid-2020
Friday, 11 Oct 2019 

Oct 11 (Reuters) - LEG Immobilien AG ::LEG IMMOBILIEN PLANNING TO APPOINT NEW CFO BY MID-2020.  Full Article

Deals of the day-Mergers and acquisitions

May 27 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday: