Welcome to IMMOFINANZ Investor Relations

27th Ordinary Shareholders’ Meeting

The 27^th Annual General Meeting has taken place on 1^st of October 2020. In order to protect the shareholders and other participants, this was held as a virtual General Meeting and was broadcast live on the Internet.

The resolutions and votes as well as other documents concerning for the AGM can be found HERE. 

IMMOFINANZ: 10.4% increase in rental income during first half-year, net profit negatively affected by crisis-related write-downs

IMMOFINANZ started the 2020 financial year with strong operational performance, but the development of business in the second quarter was negatively influenced by the Covid-19 pandemic. Rental income rose by 10.4% to EUR 145.5 million due to the expansion of the portfolio through acquisitions and completions, but a crisis-related increase in receivables write-offs led to substantially higher property expenses. The results of asset management still improved by 1.8% to EUR 102.8 million despite these write-offs. The pandemic also influenced the valuation of investment property: revaluations totalled EUR -159.2 million, compared with clearly positive results in the first half of the previous year (Q1-2 2019: EUR 123.5 million). This reduction represents 3.1% of the total property portfolio. Net profit for the first half of 2020 amounted to EUR -120.4 million (Q1-2 2019: EUR 185.3 million).

Key figures on IMMOFINANZ

In this section you can find key indicators on IMMOFINANZ and its real estate portfolio as of 30 June 2020. 

Our Team

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.