IMMOFINANZ H1 2024 performance:
- rental income up 13% to EUR 292.5M,
- asset management results up 15.2% to EUR 249.8M,
- operations up 88% to EUR 221.9M,
- net profit EUR 43M, and
- FFO 1 up 46.6% to EUR 149.9M.
- Portfolio value EUR 8.2B,
- occupancy rate 92.2%.
- Equity ratio 47.7%,
- net LTV 41.6%,
- cash EUR 767.9M.
- Optimistic outlook, focusing on retail expansion and potential integration with CPI Property Group.
August 28 2024 18:06:54 UTC– IMMOFINANZ had a strong performance in the first half of 2024, with significant growth in all key indicators like rental income and asset management results.
Their financials improved, including a rise in net profit. The company’s portfolio strategy and balance sheet remained robust.
IMMOFINANZ continues to focus on growth and strategic portfolio optimization.
CA Immo’s recurring earnings (FFO I) rose by 4% despite property sales