DGAP-Adhoc : HAMBORNER REIT AG: Guidance for fiscal year 2021
February 01, 2021 at 11:39 am EST
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DGAP-Ad-hoc: 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.
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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 EUR82-86 million (previous years' guidance: EUR87-88 million Euro)
- Funds from operations (FFO) of EUR45-50 million (previous years' guidance: EUR52-54 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
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01-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and
Press Releases.
Archive at www.dgap.de
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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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Hamborner Reit AG is a Germany-based real estate investment trust (REIT). The Company consists of real estate properties in cities across Germany. The Company focuses on retail space, as well as on specialist stores and office and medical centers. The Company owns real estate in Aachen, Augsburg, Bad Homburg, Bayreuth, Berlin, Bremen, Brunnthal, Celle, Ditzingen, Dortmund, Duisburg, Erlangen, Frankfurt am Main, Freiburg, Freital, Fuerth, Geldern, Giessen, Guetersloh, Hamburg, Herford, Hilden, Ingolstadt, Kaiserlautern, Kalsruhe, Kassel, Koblenz, Krefeld, Cologne, Langenfeld, Leipzig, Lemgo, Leverkusen, Luebeck, Luedenscheid, Lueneburg, Meppen, Minden, Mosbach, Munich, Muenster Neuwied, Oberhause, Offenburg and Oldenburg, among others.