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HAMBORNER REIT AG: Guidance for fiscal year 2021

·2-min read

HAMBORNER REIT AG / Key word(s): Forecast
HAMBORNER REIT AG: Guidance for fiscal year 2021

01-Feb-2021 / 17:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

AD-HOC NOTIFICATION PURSUANT TO ARTICLE 17 MAR

HAMBORNER REIT AG: Guidance for fiscal year 2021

HAMBORNER REIT AG, Goethestraße 45, 47166 Duisburg, 1 February 2021

The Management Board of HAMBORNER REIT AG approved the following guidance for the fiscal year 2021 in its board meeting today:

- Income from rents and leases of €82-86 million (previous years' guidance: €87-88 million Euro)

- Funds from operations (FFO) of €45-50 million (previous years' guidance: €52-54 million Euro)

- Net Asset Value (NAV) expected to be at about the same level as the previous year

The abovementioned guidance includes a larger range compared to last year. This is based on remaining uncertainties in connection with individual forecast assumptions, which to a substantial extend relate to non-recurring effects during the fiscal year. These uncertainties in particular result from the possible impacts of the COVID-19 pandemic on the revenue and earnings figures of the company, the further progress in planned property purchases and property sales and any associated expenses for early loan repayments, if applicable, as well as from investments in connection with tasks relating to subsequent letting in three retail centres.

Taking into account the business development in 2020 and the guidance for the fiscal year 2021, the Management Board and the Supervisory Board intend to propose the payment of a dividend to this year's Annual General Meeting, which is expected to be at the level of the dividend distributed last year.

HAMBORNER REIT AG

Contact:
Christoph Heitmann
Head of Investor & Public Relations
Tel: +49 (0) 203 5440532
Mail:c.heitmann@hamborner.de
Web: www.hamborner.de

01-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

HAMBORNER REIT AG

Goethestraße 45

47166 Duisburg

Germany

Phone:

0203/54405-0

Fax:

0203/54405-49

E-mail:

info@hamborner.de

Internet:

www.hamborner.de

ISIN:

DE0006013006

WKN:

601300

Indices:

SDAX

Listed:

Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1164936


 

End of Announcement

DGAP News Service

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