Alstria Office REIT-AG released its results for the first quarter of 2025, reporting stable revenues at EUR 49.0 million, showing a slight increase from EUR 48.9 million in the same period the previous year. The consolidated profit for Q1 2025 was EUR 31.7 million, up from EUR 28.3 million in Q1 2024. This increase was positively influenced by a one-off gain of EUR 14.3 million related to the repurchase of the company's capital market bonds. Funds From Operations (FFO) after minorities were largely stable at EUR 18.0 million compared to EUR 17.7 million in the previous year. Alstria's total equity saw a 2.3% increase to EUR 1,541.1 million from EUR 1,506.9 million as of December 31, 2024, attributed to the positive net result in Q1 2025. The company's debt-to-equity ratio remained stable at 60.9%, with an improved equity position offsetting a slight increase in debt. The fair value of its investment property was EUR 4,127.5 million as of March 31, 2025, maintaining stability from the end of 2024. The company also reported a strong letting performance and successful liability management, including a EUR 500 million bond placement and repurchase of existing bonds. Alstria's financial guidance for the full fiscal year 2025 remains unchanged, with expected revenues of around EUR 192 million and FFO of EUR 52 million. The EPRA vacancy rate slightly increased to 8.6% from 7.9% as of December 31, 2024.
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