alstria office REIT-AG
ALSRF
Other OTC3.80
USD
- -
- -
ISIN
DE000A0LD2U1
Return %
Stock
S&P500
1Y
- -
26.84
3Y
-50.97
77.03
5Y
-73.46
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Olivier Elamine
- Full Time Employees
- 186
- Sector
- Real Estate
- Industry
- REIT - Office
- Address
- Steinstrasse 7 Hamburg Germany 20095
- IPO Date
- Oct 10, 2016
- Website
- alstria.com
- Similar Companies
- Business
- alstria office AG alstria office REIT-AG (formerly alstria office REIT-AG) is a German real estate investment company that acquires, owns, actively manages and selectively disposes of high-quality office properties in Germany's prime office markets including Hamburg, Berlin, Frankfurt, Düsseldorf and Stuttgart. The company owns a portfolio of 104 properties valued at EUR 4.2 billion with 1.4 million square meters of lettable area, primarily office space generating annual contractual rental income of EUR 201 million at an average rent of EUR 15.30 per square meter per month; it offers modernized office spaces tailored to tenant needs with a weighted average unexpired lease term of 5.5 years and an EPRA vacancy rate of 8.5 percent. Founded in 2003 and headquartered in Hamburg, alstria office AG operates through 23 subsidiaries mainly structured as limited liability companies and partnerships focused on property holding and management across its key markets. In major recent developments, the company exited REIT status as of December 31, 2024 due to failing the free float requirement, amended its articles of association effective May 23, 2025 to change its name from alstria office REIT-AG to alstria office AG, completed a squeeze-out of minority shareholders by principal shareholder BPG Holdings Bermuda Limited (a Brookfield Corporation indirect subsidiary holding over 95 percent) on June 5, 2025 with cash compensation leading to delisting from public trading in late May 2025, issued a EUR 500 million six-year bond at 5.5 percent coupon in Q1 2025 while repurchasing EUR 543 million of existing bonds at a discount generating a EUR 14.3 million gain, drew down new mortgage loans totaling EUR 164.5 million, disposed of two non-core assets for EUR 16.6 million, doubled leasing volume to 116,200 square meters in H1 2025 securing EUR 111.9 million in future income, reported H1 2025 revenues of EUR 97.4 million and FFO of EUR 28.7 million (per share EUR 0.16), and announced plans for H2 2025 to migrate its registered office to Luxembourg changing legal form to a S.à r.l. while spinning off operating activities into alstria advisors GmbH in Hamburg without altering long-term strategy.
alstria office AG (ALSRF) Q3 2025 Earnings Call Transcript
alstria office AG (ALSRF) Q2 2025 Earnings Call Transcript