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Your Partner for Office and Retail Properties
IMMOFINANZ – a European commercial real estate group
IMMOFINANZ is committed to responsible management in accordance with the principles of integrity, honesty and transparency. Mutual trust as the underlying conviction forms the basis for constructive cooperation throughout the company and with business partners.
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- 26.05EUR
- -0.25 (-0.95%)
- 16.10.2019 17:35:00
IMMOFINANZ: Net profit more than doubles to EUR 185.3 million in the first half of 2019
The strong earnings development recorded by IMMOFINANZ in the previous year continued during the first half of 2019. Rental income rose by 10.8% (including the effects from the initial application of IFRS 16) to EUR 131.8 million. After an adjustment for the IFRS 16 effects, the increase equalled 4.2%. The results of asset management increased 6.6% to EUR 101.0 million, the operating profit (EBIT) rose by 63.9% to EUR 203.4 million and sustainable FFO 1 (before tax) from the standing investment business improved by 22.0% to EUR 59.0 million. Net profit more than doubled to EUR 185.3 million.
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Our myhive am Wienerberg has already become a landmark for the city. Many companies appreciate the office building because it has a lot to offer for it's tenants.
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IMMOFINANZ’ myhive office brand proves a success story in Hungary
