CA Immo Kaufmannshof, Zollhafen Mainz CA Immo Kaufmannshof, Zollhafen Mainz
  • Increased rental income (+8% to €231.4m) reflects project completions in 2022 and higher rental income in the portfolio.
  • The operating result (EBITDA) increased primarily due to the higher sales result by 115% to €322.1m (31.12.2022: €149.5m).
  • Consolidated net profit of €–224.5m (€–2.28 per share), mainly driven by a non-cash negative revaluation result.

Vienna, Austria – ATX company CA Immo, a notable player in the real estate sector, Wednesday reported strong financial results for 2023, with increased rental income and profitable sales leading to a 115% rise in EBITDA.

The company exceeded its financial targets and will propose a dividend payment of €0.80 per share at the upcoming Annual General Meeting.

The results show a significant increase in rental income (+8%) and high income from the sale of non-strategic properties (sales result of €179m, FFO II +102%), which led to an increase in the operating result (EBITDA) of 115% compared to the previous year´s figure.

Although the company recorded a “market-driven non-cash revaluation loss of €532m in 2023”, it said its EBITDA of €322m offset a large part of the full-year revaluation loss, resulting in a consolidated net income of €–224.5m for financial year 2023.

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By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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