Immofinanz funds from operations beat boosts shares

CPI Europe AG

24/11/2022 09:01

** Immofinanz  IMFI.VI  shares rise around 6% after the
Austrian real estate firm reported "very strong" nine months
results and upped its FFO1 2022 outlook
    ** The firm posts funds from operations (FFO1) result at
115.9 million euros  ($120.66 million), coming in far better
than expected according to Erste Group
    ** "A very strong set of figures including an FFO 1 of EUR
115.9mn after the first nine months of fiscal year 2022"
summarizes Erste Group
    ** The company also raises its outlook for 2022 FFO1,
expecting it at about 135 million euros from a previously
anticipated 120 million euros 
    ** Immofinanz sits on top of the Austrian Traded Index
 .ATX 
($1 = 0.9605 euros)
 (Reporting by Tristan Chabba)
 ((Tristan.chabba@thomsonreuters.com))