DÜSSELDORF (dpa-AFX) – After a good financial year, the real estate group LEG is looking to 2023 with a mixture of optimism and caution. The key earnings indicator Affo from this year is now expected to be between 125 and 140 million euros, the company announced on Wednesday evening in Düsseldorf . LEG had previously assumed EUR 110 to 125 million.
Against the background of the current market situation, the Annual General Meeting should nevertheless approve the suspension of the dividend. In the previous year, LEG had distributed EUR 4.07 per share. In view of the situation, which is characterized by high interest rates and ongoing uncertainty about the valuation of the real estate portfolio, the resulting liquidity should be used to strengthen the balance sheet, the statement said.
