Find your $100k business idea in 10 days and get the first clients fast

Tag: net profit

IMMOFINANZ: FF0 1 for 2020 tops previous year, Executive Board recommends dividend of EUR 0.55 per share

IMMOFINANZ: FF0 1 for 2020 tops previous year, Executive Board recommends dividend of EUR 0.55 per share

Business, Business, Financial
FFO 1 before tax reaches EUR 126.1 million (+0.6%) Rental income rises by 3.1% to EUR 288.6 million, results of asset management stable at EUR 206.4 million Strong operating performance with an occupancy rate of 96% Net profit amounts to EUR -165.9 million due to crisis-related write-downs Available liquid funds total EUR 1.2 billion (incl. credit line) Positive development of S IMMO share price in Q1 2021 can lead to a revaluation of up to roughly EUR 96.0 million to the investment at the end of Q1 2021KEY Figures (IN MEUR)2020Δ IN %2019Rental income288.63.1%279.9Results of asset management206.4-0.4%207.3Results of property sales7.9n/a-5.1Results of
IMMOFINANZ with strong 18% increase in results of operations in Q1 2020, negative valuation results due to Covid-19

IMMOFINANZ with strong 18% increase in results of operations in Q1 2020, negative valuation results due to Covid-19

Business, Business, Financial
Rental income and results of asset management improve by 13.4%, resp. 18.1%  FFO 1 (before tax) rises by 3.6% to EUR 29.1 million and FFO 1 per share by 11.5% to EUR 0.29 Negative valuation effects lead to net profit of EUR -37.6 million Strong liquidity position of EUR 312.5 million and unsecured credit line of EUR 100.0 million Covid-19 update: 79% of the retail space in the portfolio has reopened; visible recovery in visitor frequency since reopening, above all in the retail park business; but full impact still not possible to estimateIMMOFINANZ started the first quarter of the 2020 financial year with strong operational performance: Rental income rose by 13.4% to EUR 74.0 million, above all due to the expansion of the portfolio through acquisitions and completions as