LEG Immobilien cancels the dividend for its shareholders

Dusseldorf Surprisingly, the Düsseldorf-based housing group LEG Immobilien does not want to pay its shareholders any dividends for the past year. In view of the high interest rates and the ongoing uncertainty about the valuation of the real estate portfolio, the funds should be used to strengthen the balance sheet instead of paying a dividend, the MDax group announced in advance on Wednesday after the stock market closed. The company will present its full annual figures for 2022 on Thursday.

LEG also announced that the previous CFO, Susanne Schröter-Crossan, would be leaving the company on the best of terms. They had decided to return to London for family reasons. The position will be taken over by Kathrin Köhling, most recently Managing Director in the operative business, who is responsible for managing all LEG branches, among other things.