Alstria office REIT-AG Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 08:04 am EST
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alstria office REIT-AG reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was EUR 45.52 million compared to EUR 45.93 million a year ago. Net income was EUR 28.03 million compared to EUR 28.33 million a year ago. Basic earnings per share from continuing operations was EUR 0.16 compared to EUR 0.16 a year ago. Diluted earnings per share from continuing operations was EUR 0.16 compared to EUR 0.16 a year ago.
For the nine months, sales was EUR 137.07 million compared to EUR 135.93 million a year ago. Net income was EUR 75.37 million compared to EUR 81.97 million a year ago. Basic earnings per share from continuing operations was EUR 0.42 compared to EUR 0.46 a year ago. Diluted earnings per share from continuing operations was EUR 0.42 compared to EUR 0.46 a year ago.
alstria office REIT AG is a Germany-based real estate investment trust (REIT) that focuses on acquiring, owning and managing office real estate in Germany. The Companyâs real estate operations cover asset management, property and technical management, as well as the office planning. It owns a portfolio of approximately 120 properties across Germany in Hamburg, Berlin, Bonn, Detmold, Dortmund, Dresden, Dusseldorf, Erfurt, Essen, Frankfurt, Halle, Hannover, Jena, Koln, Leipzig, Magdeburg, Mannheim, Munich, Neuss, Nurnberg, Potsdam, Stuttgart, Wiesbaden, Wuppertal, Wurzburg and Zwickau.