PIE Events
- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
German REIT alstria: 2009 FFO down 17% but balance sheet stronger
German REIT alstria office reported a 17% fall in funds from operations for 2009 to just under E33m but said it strengthened its balance sheet, kept revenues and FFO in line with guidance and by selectively refinancing and selling assets, maintained the loan-to-value ratio of its main syndicated loan below 60%. The balloon payment on this was cut to E651m from E1.1bn. It is proposing a dividend of E0.50 for the year. (See upcoming PIE Editions for full story)