Brief: Novavest Real Estate AG Net Rental Income Increased By More Than 2% In 2023 To CHF 29.9 Million
21/02/2024 05:57
Feb 21 (Reuters) - Novavest Real Estate AG NREN.S :
* NET RENTAL INCOME INCREASED BY MORE THAN 2% IN THE 2023
REPORTING YEAR TO CHF 29.9 MILLION (2022: CHF 29.2 MILLION)
* MERGER WITH SENIORESIDENZ AG UNDER REVIEW
* REAL ESTATE PORTFOLIO AT CHF 783.6 MILLION; TARGET RENTAL
INCOME
FROM INVESTMENT PROPERTIES CHF 30.8 MILLION P.A
* EBIT AMOUNTED TO CHF -0.6 MILLION IN THE 2023 REPORTING
YEAR DUE
TO THE PORTFOLIO DEPRECIATION (2022: CHF 30.7 MILLION)
* E LONG-TERM GROWTH STRATEGY FOCUSING ON RENTAL INCOME FROM
RESIDENTIAL USE REMAINS UNCHANGED
* FY OPERATING PROFIT INCREASED BY 4% TO CHF 19.5 MILLION
(2022:
CHF 18.8 MILLION)
Source text: [http://tinyurl.com/5n74r4za]
Further company coverage: NREN.S
((Reuters.Briefs@thomsonreuters.com;))