Because the company has the value of their holdings significantly reduce them. This is reflected in the extremely harsh Alstria balance down. The bottom line slipped the SDax member in the first nine months of the year in the red figures, its consolidated net profit broke a minus 5.7 million euros, compared with plus 55.5 million euros in the same period last year.
Against this backdrop and given the difficult lending conditions on capital markets Alstria has rethought its distribution strategy. The dividend is now no longer in comparison to the previous year rise, but the amount paid for 2007 should be limited.
Confirms forecast
Nevertheless, the Alstria share by over five percent to 3.40 euros in the head and one of the big winners in SDax. Apparently, investors focus more on the positive details of the nine-month report. Thus, the Board Alstria the previous forecast for the fiscal year. Moreover, increased revenues by nearly a quarter to 75.8 million euros. The "operating profit" FFO climbed as much as one third to 22.9 million euros.
The FFO (funds from operations) is the most recognized and most commonly used measure of operating performance of a REIT. It corresponds to net income of the REIT, minus the gains or losses from sales of property, plus deductions for the wear of real estate.
Confusing Figures
However, they do not coincide with the operating result, the earnings before interest, taxes, depreciation and amortization (EBITDA), to be confused, as a glance at the balance sheet reveals Alstria: Because here was compared to the first nine months of last year no increase of one third as in FFO, but a big drop of 58 percent.
About principal balance sheets are real estate companies, given the figures used there for the investor is often not immediately evident. So also the Alstria AG wanted to know the Net Asset Value (NAV) per share, with 14.81 euros, well above the share price of 3.30 euros.
NAV negligible?
From this point of view would be to share Alstria actually an absolute purchase. But the significance of the figure NAV is not undisputed industry experts. Because the company has a large margin, which is the value of stocks and real estate purchases and sales in the balance sheet is introduced.
That the investors this figure does not attach too much significance, also shows the share of the company since its IPO in 2007 is the title by more than 80 percent caved. Only on Tuesday marked the Alstria shares at a Xetra closing price of 3.13 euro a new all-time low.
Against this backdrop and given the difficult lending conditions on capital markets Alstria has rethought its distribution strategy. The dividend is now no longer in comparison to the previous year rise, but the amount paid for 2007 should be limited.
Confirms forecast
Nevertheless, the Alstria share by over five percent to 3.40 euros in the head and one of the big winners in SDax. Apparently, investors focus more on the positive details of the nine-month report. Thus, the Board Alstria the previous forecast for the fiscal year. Moreover, increased revenues by nearly a quarter to 75.8 million euros. The "operating profit" FFO climbed as much as one third to 22.9 million euros.
The FFO (funds from operations) is the most recognized and most commonly used measure of operating performance of a REIT. It corresponds to net income of the REIT, minus the gains or losses from sales of property, plus deductions for the wear of real estate.
Confusing Figures
However, they do not coincide with the operating result, the earnings before interest, taxes, depreciation and amortization (EBITDA), to be confused, as a glance at the balance sheet reveals Alstria: Because here was compared to the first nine months of last year no increase of one third as in FFO, but a big drop of 58 percent.
About principal balance sheets are real estate companies, given the figures used there for the investor is often not immediately evident. So also the Alstria AG wanted to know the Net Asset Value (NAV) per share, with 14.81 euros, well above the share price of 3.30 euros.
NAV negligible?
From this point of view would be to share Alstria actually an absolute purchase. But the significance of the figure NAV is not undisputed industry experts. Because the company has a large margin, which is the value of stocks and real estate purchases and sales in the balance sheet is introduced.
That the investors this figure does not attach too much significance, also shows the share of the company since its IPO in 2007 is the title by more than 80 percent caved. Only on Tuesday marked the Alstria shares at a Xetra closing price of 3.13 euro a new all-time low.
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