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DGAP-Adhoc: Ad-hoc: TLG IMMOBILIEN AG adjusts forecast for Funds From Operations 2020


DGAP-Ad-hoc: TLG IMMOBILIEN AG / Key word(s): Real Estate/Change in Forecast
Ad-hoc: TLG IMMOBILIEN AG adjusts forecast for Funds From Operations 2020

25-Nov-2020 / 18:27 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.


AD-HOC ANNOUNCEMENT

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE AD-HOC RELEASE.

Disclosure of an inside information acc. to Art. 17 Sec. 1 of the Regulation (EU) No. 596/2014 (Market Abuse Regulation - MAR)

Ad-hoc: TLG IMMOBILIEN AG adjusts forecast for Funds From Operations 2020

Berlin, Germany, November 25, 2020 - In today's meeting, the Management Board of TLG IMMOBILIEN AG (ISIN DE000A12B8Z4 / WKN A12B8Z) has reviewed the assessment of the expected Funds From Operations for the year 2020 and assumes that it will be below the previously expected range of EUR 153 million to EUR 157 million. The Management Board henceforth expects Funds From Operations to stand within the range of EUR 143 million to EUR 150 million for the current fiscal year.

The Management Board attributes the lower expectation for Funds From Operations to several reasons but mainly due to the sale of real estate properties, as well as to the expectation of a reduced dividend in respect of the shares TLG IMMOBILIEN AG holds in Aroundtown SA.

Contact:
Armin Heidenreich
TLG IMMOBILIEN AG
General Counsel
Hausvogteiplatz 12
10117 Berlin
Phone: +49 30 2470 6343
E-Mail: [email protected]


25-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: TLG IMMOBILIEN AG
Hausvogteiplatz 12
10117 Berlin
Germany
Phone: 030 - 2470 - 50
Fax: 030 - 2470 - 7337
E-mail: [email protected]
Internet: www.tlg.de
ISIN: DE000A12B8Z4
WKN: A12B8Z
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange
EQS News ID: 1150668

 
End of Announcement DGAP News Service

1150668  25-Nov-2020 CET/CEST

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TLG Immobilien AG Aktie

29,75 €
-2,16 %
Die TLG Immobilien AG Aktie verzeichnet heute einen mittleren Verlust von -2,16 %.

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