PIE Events
- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
Hamburg's alstria moves closer to REIT-equity minimum
German REIT alstria office posted first quarter revenues and funds from operations down 10% from 1Q09 due to asset disposal and recorded consolidated net profit of E8.4m, turning round a loss of E5.5m. Its main focus remains on boosting its equity ratio back above the 45% minimum allowed for Germany's G-REIT segment. alstria's REIT-equity ratio rose to 44.1% from 40.3%. (See upcoming PIE Editions for full story)