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.
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- 23.6EUR
- 0.05 (0.21%)
- 06.12.2019 17:35:00
IMMOFINANZ increases net profit by roughly 50% to EUR 202.6 million in the first three quarters of 2019
The strong earnings development recorded by IMMOFINANZ in the previous year continued during the first three quarters of 2019. Rental income rose by 15.8% to EUR 203.4 million (including the reclassifications from the initial application of IFRS 16). After an adjustment for these reclassifications, the increase in rental income equalled 9.0%. The results of asset management increased 14.3% to EUR 153.8 million, the operating profit (EBIT) rose by 58.0% to EUR 237.1 million and sustainable FFO 1 (before tax) from the standing investment business improved by 47.4% to EUR 92.8 million. Net profit was 50.1% higher at EUR 202.6 million and represents basic earnings per share of EUR 1.9.
IMMOFINANZ TV
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
