Ad hoc Notification pursuant to Article 17 MAR

Ad hoc Notification pursuant to Article 17 MAR

alstria office REIT-AG: Dividend proposal for financial year 2021

Hamburg, February 24, 2022 – The German GAAP annual financial statements of alstria office REIT-AG (“alstria” or the “Company”, ISIN: DE000A0LD2U1), which have been prepared but have not yet been approved by the Supervisory Board show an annual balance sheet profit in the amount of EUR 1,060,000,000.00 (net loss for the year in the amount of EUR 30,910,004.19 plus EUR 10,769,844.09 profit carried forward from the previous financial year as well as EUR 1,080,140,160.10 withdrawals from capital surplus according to Section 272 para. 2 no. 4 German Commercial Code (Handelsgesetzbuch). On February 24, 2022, the Management Board of alstria resolved to propose to the annual general meeting of alstria taking place on 10 June 2022 a dividend payment for the financial year 2021 of EUR 0.04 per share entitled to dividends (2020: EUR 0.53). Accordingly, the total planned dividend payout for 2021 amounts to approximately EUR 7.12 million (2020: EUR 94.23 million) which represents the minimum dividend under the German Stock Corporation Law (Aktiengesetz). In addition, EUR 1.052.878.680,12 as profit carried forward will be proposed to the annual general meeting.

The Company intends to review its capital structure with the aim of increasing its leverage, within the investment-grade boundaries. The proceeds of the increased leverage could be used for either investment (in the portfolio or in further external growth) or if none is available excess capital could be returned to the shareholders. Subject to the availability of funds and to a resolution at a further general meeting, the EUR 1,052,878,680.12 earmarked for allocation to profit carried forward could be distributed to shareholders.

Investor Relations                                    
Julius Stinauer                          
Steinstrasse 7                                      
20095 Hamburg, Germany                  
+49 40 22 63 41 344                   

[email protected]

Press Contact                                   
Philip Angrabeit                        
Steinstrasse 7                                      
20095 Hamburg, Germany                  
+49 40 226 341 389                   
[email protected]

Further Information

About alstria

alstria office REIT AG is the leading real-estate operator focusing solely on German office property in selected German markets. Our strategy is based on the ownership and an active management of our properties throughout their entire life cycle, strong added-value services to our customers and deep knowledge of the markets in which we operate. alstria strives for sustainable long-term value creation while taking advantage of short-term arbitrage of inefficiencies in the real estate markets. As of September 30, 2021, the portfolio comprises 111 buildings with a lettable area of 1.5 million square meters and a total portfolio value of EUR 4.7 billion.

This release constitutes neither an offer to sell nor a solicitation of an offer to buy any shares. As far as this press release contains forward-looking statements with respect to the business, financial condition and results of operations of alstria office REIT-AG (alstria), these statements are based on current expectations or beliefs of alstria’s management. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those reflected in such forward-looking statements. Apart from other factors not mentioned here, differences could occur as a result of changes in the overall economic situation and the competitive environment – especially in the core business segments and markets of alstria. Also, the development of the financial markets and changes in national as well as international provisions particularly in the field of tax legislation and financial reporting standards could have an effect. Terrorist attacks and their consequences could increase the likelihood and the extent of differences. 

alstria undertakes no obligation to publicly release any revisions or updates to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Copyright © 2022 alstria, All rights reserved.

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