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Maximum transparency and an open dialogue with our stakeholders have high priority for IMMOFINANZ. As a shareholder, bondholder, analyst or investor, you can find all the information you need for a well-founded evaluation of our investment offering on our IR website. And if you don’t find exactly what you‘re looking for, you can always contact our IR Team.
- 12.93EUR
- 0.92 (7.66%)
- 31.03.2023 17:35:00
IMMOFINANZ announces strategy update
IMMOFINANZ is presenting an updated strategy following the majority takeover by CPI Property Group. The company plans to continue its value-creating growth strategy with a strong focus on retail properties and office solutions. As part of an active portfolio management, properties with a value of approximately EUR 1 billion will be sold and the proceeds invested in higher yielding assets. The successful course of the company will be continued on IMMOFINANZ’s robust financial base together with the strengthening of ESG activities. IMMOFINANZ will benefit in pursuing this strategy from close cooperation with the CPI Property Group and the related synergy effects.
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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as of 31 December 2022
as of 31 December 2022
as of 31 December 2022
as of 31 December 2022
per share, as of 31 December 2022
per share, as of 31 December 2022
as of 31 December 2022
as of 31 December 2022
as of 31 December 2022
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