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alstria office REIT-AG ( OTC:ALSRF ) Q1 2025 Results Conference Call May 8, 2025 6:00 AM ET Company Participants Olivier Elamine - Chief Executive Officer Operator Hello, and welcome to the alstria First Quarter 2025 Results. Throughout the call, all participants will be in a listen-only mode. And afterwards, there will be a question-and-answer session.
Please note, this call is being recorded. Today, I am pleased to present Olivier Elamine. Please begin your meeting.
Olivier Elamine Thank you very much, and welcome from Sunny Hamburg this morning. My name is Olivier Elamine. I'm the Chief Executive of alstria, and I'm very happy to present the first quarter 2025 results this morning.
Before we go into the presentation, a brief look at the disclaimer and the duty to update our disclaimer about the forward-looking statement and the duty to update and then without undue delay, let's move into the heart of the presentation. All in all, the first quarter 2025 have developed according to our expectation with and the operation has been supported by strong leasing performance, which reflecting the strength of the office market in Germany on the leasing side. Our revenue are slightly up year on year at EUR49 million, our FFO at EUR18 million.
I'll come back to that in a minute. There is a lot of seasonality in the FFO. With on the balance sheet side, the quarter was mainly driven by the new bonds that we issued and our return to the public market.
And then, as I mentioned before, very strong leading results with where we almost tripled compared to the same quarter last year. And finally, our return and I'll come back to that in more detail in a second to the transaction market with a disposal of two smaller assets in the alstria portfolio. If we look.
