The shareholders of CORESTATE Capital Holding S.A. have approved all agenda items with strong majorities at today’s Annual Annual General Meeting (AGM). Amongst the resolutions of the AGM was the distribution of Euro 2.00 per share (previous year: Euro 1.00). The total distribution volume corresponds to Euro 42,588,246.
The shareholders of CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, have approved all agenda items with strong majorities at today’s Annual Annual General Meeting (AGM). Details on the votes can be found on the company website.
Amongst the resolutions of the AGM was the distribution of Euro 2.00 per share (previous year: Euro 1.00). The total distribution volume corresponds to Euro 42,588,246. Referred to the adjusted net profit for the financial year 2017, the distribution ratio amounts to around 46%.
CORESTATE’s full-year 2018 guidance was also confirmed at the AGM. The company expects aggregated revenues of between Euro 230m and Euro 240m, an adjusted EBITDA of between Euro 155m and Euro 165m and an adjusted net income of between Euro 120m and Euro 130m.
About CORESTATE Capital
CORESTATE is an investment manager and co-investor with around € 28 billion in assets under management. The company sees itself as a manager for the entire length of the real estate value chain. Thanks to its fully integrated real estate platform, it is able to offer investors a wide range of services, especially the opportunity to invest in large-scale societal trends such as urbanisation, demographic shifts or sustainability – trends that will continue to have a decisive influence on the living and working environment in the long term. The consistent focus on asset classes that will be successful in the long run constitutes a central cornerstone of the company strategy. At CORESTATE, all concepts are supported with ESG expertise that is unique to the industry. With some 800 experts, CORESTATE offers clients and investors a full range of services and consultation from a single source, from project financing and real estate management to sales. CORESTATE is listed on the Frankfurt Stock Exchange (SDAX) and operates as a respected business partner for institutional and semi-institutional investors as well as high-net-worth private investors in 13 countries across Europe, with offices in Frankfurt, Vienna, Zurich, Paris, Madrid and London.
Forward-looking statements
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