Brief: S Immo Q1 EBIT Up At EUR 18.2 Mln

S IMMO AG

28/05/2021 06:48

May 28 (Reuters) - S Immo AG  SIAG.VI :
    * Q1 EBIT INCREASED BY EUR 30.7M TO EUR 18.2M
    * Q1 RENTAL INCOME IMPROVED BY 2.8% TO EUR 32.0M
    * UPDATE ON TAKEOVER OFFER FROM IMMOFINANZ AG
    * OFFER DOCUMENTS WERE PUBLISHED ON 19 MAY 2021. MANAGEMENT
BOARD
WILL REVIEW THESE DOCUMENTS IN DETAIL TOGETHER WITH SUPERVISORY
BOARD AND WILL THEN ISSUE A STATEMENT TO ALLOW SHAREHOLDERS TO
MAKE A WELL-INFORMED DECISION
    * IT IS IMPORTANT IN ANY CASE TO NOTE AT THIS TIME THAT
OFFER
PRICE OF EUR 22.25 IS WELL BELOW EPRA NAV, AND DOES NOT TAKE
INTO ACCOUNT VALUE ANALYSIS OF REAL ESTATE PORTFOLIO AS OF 30
APRIL 2021 OR FURTHER FORESEEABLE INCREASES
    * NET INCOME FOR Q1 OF 2021 CAME TO A SOLID EUR 9.9M (Q1
2020:
MINUS EUR 21.4M)

Source text for Eikon:  ID:nPexY6Tl2a 
Further company coverage:  SIAG.VI 

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