- CA Immo’s recurring earnings (FFO I) rose by 4% despite property sales, with rental income up 3% to €121.4m.
- Net result is €–49.1m due to lower sales and non-cash revaluation loss. Solid balance sheet: 44.7% equity ratio, 38.9% net LTV, €413.0m liquidity.
- Moody’s confirmed Baa3 rating, outlook stable.
- Expected 2024 FFO I: €105m.
August 28 2024 16:18:23 UTC– CA Immo, the real estate company specializing in high-quality office space, can report a stable operating development for the first half of 2024, but its Consolidated net result swung to a loss of €–49.1m (30.6.2023: €13.5m)
The company attribiuted a lower volume sales result and a market-driven non-cash revaluation loss for the negative bottomline.
CA Immo’s recurring earnings (FFO I) rose by 4%, driven by increased rental income despite property sales.
The company reported a solid balance sheet and a positive outlook for 2024.
Immofinanz H1 2024: Net Profit EUR 43M