Alstria Office REIT-AG Announces EUR 2.81 Per Share Compensation for Minority Shareholders

Alstria Office REIT-AG will compensate minority shareholders as its REIT status ends, delivering EUR 2.81 per share. As of December 31, 2024, Alstria will lose its tax-exempt REIT designation due to non-compliance with German REIT laws. This follows a demand from BPG Holdings Bermuda Limited, a subsidiary of Brookfield Corporation, which initiated a squeeze-out under German stock corporation law, preventing the restoration of at least 15% free float shares required for REIT status.

The compensation amount, determined by KPMG AG Wirtschaftsprüfungsgesellschaft in coordination with the Institute of Auditors in Germany, accounts for the disadvantages due to the tax exemption's end. The real estate portfolio valuation by BNP Paribas Real Estate Consult GmbH was a factor in this assessment. Shareholders will receive the payment after standard tax deductions, expected around January 9, 2025.