Brief: Branicks Group H1 Assets Under Management At EUR 12.5 Bln

BRANICKS AG

27/08/2024 06:04

Aug 27 (Reuters) - BRANICKS GROUP AG  BRNKn.DE :
    * FORECAST FOR 2024 CONFIRMED
    * FUNDS FROM OPERATIONS (FFO) AT EUR 19.4 MILLION AFTER SIX
MONTHS
    * H1 ASSETS UNDER MANAGEMENT AT EUR 12.5 BILLION
    * NET RENTAL INCOME OF EUR 77.1 MILLION IN H1
    * ACTIVE TRANSACTION BUSINESS WITH 15 PROPERTY SALES
    * IN TOTAL, PROPERTY MANAGEMENT INCOME OF EUR 20.8 MILLION
(JUNE
30, 2023: EUR 21.8 MILLION)
    * INCOME FROM ASSOCIATES INCREASED YEAR-ON-YEAR TO EUR 3.4
MILLION
(JUNE 30, 2023: EUR 2.8 MILLION)
    * H1 NET INTEREST INCOME AMOUNTED TO EUR -54.6 MILLION
    * BRIDGE FINANCING REDUCED IN THREE STEPS TO EUR 40 MILLION
BY
MID-AUGUST

Source text for Eikon:  ID:nEQbTGR3ga 
Further company coverage:  BRNKn.DE 

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