Welcome to IMMOFINANZ
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.
Investor Relations
- 12.93EUR
- 0.92 (7.66%)
- 31.03.2023 17:35:00
IMMOFINANZ with strong operating performance in 2022 despite a challenging environment
Since the increase in the investment in S IMMO to 50% plus one share took place at year-end 2022, the assets and liabilities of S IMMO represent an integral part of the consolidation as of 31 December 2022 and the income statement positions were not included.
IMMOFINANZ Group delivered very good operating performance in 2022 in spite of the challenging environment. Sustainable FFO 1 from the standing investment business rose by 21.7%. Rental income increased by 5.4% to EUR 300.2 million and the results of asset management by 7.2% to EUR 226.1 million. The Group also has a very solid capital base with an equity ratio of 47.9% and conservative debt with a net LTV of 40.7%.
This strong operating performance was, however, contrasted by the negative effect on valuation results caused by current market trends. Results from the valuation of standing investments therefore amounted to EUR -110.5 million. This was contrasted by a positive net effect of EUR 55.6 million from the initial full consolidation of S IMMO following an increase in the investment to 50% plus one share. In total, IMMOFINANZ generated net profit of EUR 142.0 million, or earnings per share of EUR 1.04, in the 2022 financial year.
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Our international myhive brand places top priority on innovative office concepts with a wide range of services, excellent infrastructure and an active community. Our offices meet the expectations on a modern working environment.
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IMMOFINANZ commercial properties – these are our brands
Founded in the year 1990, IMMOFINANZ AG has now stood for over 30 years for the development and management of properties. The core business comprises the rental of office and retail properties in Western and Eastern Europe. The most important key markets include Austria, Germany, Poland, the Czech Republic, Slovakia, Hungary, Romania and the Adriatic region.
IMMOFINANZ retail properties are rented as STOP SHOP and VIVO!
The retail portfolio of IMMOFINANZ comprises two own brands: The brand STOP SHOP was founded in the year 2005 and comprises retail parks, so-called speciality retail markets, in Eastern and Central Europe. The catchment area of the STOP SHOP speciality retail markets is from 30,000 to 150,000 inhabitants, offering a comprehensive choice of retail shops with everyday products at good value for money.
VIVO!, on the other hand, places its focus on a shopping experience with a leisure character. The shopping centres are conceived for towns with a catchment area of at least 200,000 inhabitants and since the year 2014 have been offering their visitors a wide choice of shops and an attractive mix of sectors – including both internationally renowned labels and smaller, local suppliers. Of course, cuisine is also given its due, thanks to the modern gastronomy areas.
Rent office property with myhive offices.
IMMOFINANZ has already been involved in the area of the development and rental of office properties since 1990 and in 2016 developed the international office brand myhive. The modern concept comprises office buildings, including in the most important European metropolises in the countries Austria, Germany, Poland, Hungary, the Slovak Republic, the Czech Republic and Romania.
Those who would like to rent a full-service office are making the most convenient choice with the myhive offices: A modern, sleek environment with high-quality equipment and a range of services. At myhive, visitors and lessees will find a friendly, hotel-inspired lobby, high-speed Internet access, as well as restaurants and cafés, ensuring first-class comfort before, during and after work. Additional sports and leisure facilities also guarantee a good work-life balance.
Those who would like to rent an office in Austria or another European metropolis can discover the most flexible workspace solutions for all requirements with the myhive office properties of IMMOFINANZ. No matter whether it is a single workspace in an office community, an independent office unit or an individual area with its own access – myhive offers an office solution for every requirement!
