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Alstria office REIT raises FY'17 guidance

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Alstria office REIT raises FY'17 guidance

Alstria office REIT-AG raised its full-year 2017 guidance, estimating revenues to reach €193 million, compared to a previous guidance of €185 million.

Funds from operations, meanwhile, is predicted to amount to €113 million, up from a previous €108 million estimate.

According to CEO Olivier Elamine, the increased guidance is driven by strong lease-up results and a stronger risk-return profile from a diversified portfolio offering that was funded by proceeds from the €230 million sale of Treptowers.