Brief: Immofinanz AG Makes a Loss after Writedowns for 9M23

CPI Europe AG

29/11/2023 17:10

Nov 29 (Reuters) - IMMOFINANZ AG  IMFI.VI :
    * 9-MONTH RENTAL INCOME RISES BY 79.4% TO EUR 389.2 MILLION
    * 9M23 STRONG LIKE-FOR-LIKE RENTAL GROWTH OF 9.3%
    * 9-MONTH FFO 1 MORE THAN DOUBLED, UP 107.7% TO EUR 214.4
MILLION
    * SIGNIFICANT INCREASE IN CASH AND CASH EQUIVALENTS TO EUR
831.5
MILLION
    * EXPECTS FFO 1 FROM STANDING INVESTMENT BUSINESS (BEFORE
TAX) TO
EXCEED EUR 275 MILLION FOR FULL YEAR 2023
    * 9M23 EBIT AT -1.4MLN, DOWN FROM 186.6MLN 9M22
    * 9-MONTH  NET LOSS EUR 105.9 MILLION
    * MARKET-RELATED PROPERTY WRITE-DOWNS OF EUR -219.5 MILLION
CONTRIBUTED TO LOSS
    * 9M23 EARNINGS PER SHARE DECLINED TO EUR -0.48 (Q1-3 2022:
EUR
1.82)

Source text for Eikon:  ID:nEQ4xkwwra 
Further company coverage:  IMFI.VI 

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