28.08.2022, 2292 Zeichen

Immofinanz: Real estate company Immofinanz closed the first half of 2022 with very strong performance: Rental income reached a high level of Euro 144.2 mn, the results of asset management improved by 3.0% to Euro 110.0 mn, and sustainable FFO 1 from the standing investment business rose by 6.1% to EUR 78.7 million. Net profit equalled Euro 162.7 mn, whereby the first half of the previous year was influenced, above all, by a substantial revaluation to the investment in S Immo. With an equity ratio of 57.3% and conservative debt with a net LTV of 32.5%, Immofinanz has a strong capital base. Immofinanz intends to continue its growth course, as indicated in the strategy update which was approved after the majority takeover by the CPI Property Group in June of this year. The focus will remain on retail properties and myhive office solutions. Active portfolio management will also include the sale of properties with a combined value of roughly Euro 1 bn. Immofinanz plans to reinvest the proceeds in real estate to strengthen its brands or use the funds to repay debt.  FFO 1 before tax is expected to reach the good prior year level of roughly Euro 120 million for the full 12 months of 2022.
Immofinanz: weekly performance: 1.12%

CA Immo: CA Immo, the real estate group specialising in high-quality office space, has reported strong second quarter results, continuing the positive business development of the previous quarters. In a challenging market environment, CA Immo increased its recurring earnings (FFO I) in the 1^st half-year by 7.9% compared to the previous year, to Euro 73.9 mn. Rental income in the first six months was stable at Euro 121.1 mn (+1.0% yoy), reflecting recent portfolio additions and organic growth despite property sales. Consolidated net income improved by 28.5% to Euro 220.1 mn. The main contributors to this positive development were a strong letting business, the completion of the ONE high-rise project in Frankfurt, and the successful continuation of the ongoing strategic capital rotation programme. Following the strong first half-year, CA Immo expects recurring earnings (FFO I) of more than Euro 125 mn in the 2022 business year.
CA Immo: weekly performance: -1.57%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (24/08/2022)

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Aktien auf dem Radar:Flughafen Wien, Telekom Austria, Polytec Group, Lenzing, CPI Europe AG, voestalpine, AT&S, Andritz, Verbund, Athos Immobilien, Bawag, DO&CO, Erste Group, FACC, Frequentis, Gurktaler AG Stamm, Marinomed Biotech, Porr, Rath AG, RBI, SBO, Uniqa, VIG, Wienerberger, Rosenbauer, Semperit, BKS Bank Stamm, Oberbank AG Stamm, Amag, CA Immo, EuroTeleSites AG.

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