Alstria reports declines in H1, FFO guidance remains unchanged
Alstria Office reports a 3.2% decrease in rental income to €93.1mn and a 4.1% decrease in FFO to €55.7mn for H1. The company reports that the change in revenues was mainly the result of the sale of non-core assets. Despite this, consolidated net income for the year shot up from €62.5mn to €279.0mn, attributable to a revaluation of the corporate portfolio which resulted in a profit of €199.4mn. The revaluation reflected a like-for-like contractual rent increase by 4.9% to €9.3mn. The management board confirms its guidance for the financial year of €112mn in FFO.
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