Brief: Branicks Group Sees FY FFO In Range Of EUR 40 To 55 Mln

BRANICKS AG

07/11/2024 06:06

Nov 7 (Reuters) - BRANICKS Group AG  BRNKn.DE :
    * BRANICKS GROUP AG - 9-MONTH FUNDS FROM OPERATIONS AFTER
MINORITY
INTERESTS INCREASED TO EUR 36.1 MILLION
    * BRANICKS GROUP AG - 9-MONTH LIKE-FOR-LIKE RENTAL GROWTH
FOR
OVERALL PORTFOLIO WAS 1.6% COMPARED TO REPORTING DATE OF
SEPTEMBER 30, 2023
    * BRANICKS GROUP AG - 9-MONTH GROSS RENTAL INCOME IN
PROPRIETARY
PORTFOLIO DOWN TO EUR 129.7 MILLION (EUR 142.9 MILLION YEAR AGO)
    * BRANICKS GROUP AG - 9-MONTH NET RENTAL INCOME DECREASED TO
EUR
112.9 MILLION (SEPTEMBER 30, 2023: EUR 125.8 MILLION)
    * BRANICKS GROUP AG - PLANS SALES VOLUME OF EUR 650-900
MILLION
FOR 2024
    * BRANICKS GROUP AG - TOTAL INCOME FROM PROPERTY MANAGEMENT
OF EUR
40 TO 50 MILLION IS EXPECTED FOR 2024 FINANCIAL YEAR
    * BRANICKS GROUP AG - FFO (AFTER MINORITY INTERESTS, BEFORE
TAXES)
IS FORECAST TO BE IN RANGE OF EUR 40 TO 55 MILLION

Source text:  ID:nEQ20K8l7a 
Further company coverage:  BRNKn.DE 

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