alstria office REIT-AG (ALSRF) Q4 2024 Earnings Call Transcript

2025-03-04 12:28:06 ET

alstria office REIT-AG (ALSRF)

Q4 2024 Earnings Conference Call

March 4, 2025 08:00 AM ET

Company Participants

Olivier Elamine - Chief Executive Officer

Conference Call Participants

Neeraj Kumar - Barclays

Robin Usson - Neuberger Berman

Kai Klose - Berenberg

Presentation

Operator

Hello, and welcome to the alstria's Full-Year Results 2024. Throughout the call, all participants will be in a listen-only mode. And afterwards there will be question-and-answer session. Today, I am pleased to present Olivier Elamine, CEO. Please begin your meeting.

Olivier Elamine

Thank you very much, and welcome from sunny Hamburg this afternoon to the financial result 2024 for alstria office REIT-AG. My name is Olivier Elamine, and I'm the CEO of the company. Before I walk you through the results, a short note with respect to the forward-looking statement and the duty to update. And then without undue delay moving into the presentation.

Starting briefly with a summary of the year 2024. 2024 was essentially a reasonably good year for alstria from an operating perspective with our revenue and FFO ending up above the guidance that we had to the market with revenue at €198.4 million and FFO at €81.2 million, where we basically guided at €195 million and €71 million respectively, which leads to an overall FFO per share at €0.45 per share....

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