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 performance in a challenging environment: FFO 1 improves by 15%, net profit reaches EUR 249 million

IMMOFINANZ produced very solid results for the first three quarters of 2022 in spite of the challenging environment: Rental income reached a high EUR 216.9 million, the results of asset management improved by 3.2% to EUR 168.4 million, and sustainable FFO 1 from the standing investment business (including the S IMMO dividend) rose by more than 15% to EUR 115.9 million. Net profit equalled EUR 248.6 million. With an equity ratio of 58.0% and conservative leverage with a net LTV of 33.7%, IMMOFINANZ has a strong capital base.  

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Our team would be happy to answer your questions and supply you with information on our company and the IMMOFINANZ share. You can reach us by e-mail under investor@immofinanz.com or by telephone: +43 (0)1 880 90.