AlsterResearch Update: FCR Immobilien - Improvements in financing structure
Yesterday, FCR announced some good news concerning its financing structure of its existing portfolio, whilst on the one hand the first promissory note loan in the company’s history in the amount of EUR 10m.
The full update is avaible on:
What’s it all about?
Yesterday, FCR announced some good news concerning its financing structure of its existing portfolio, whilst on the one hand the first promissory note loan in the company’s history in the amount of EUR 10m has been placed, FCR also successfully refinanced one of its key assets – a shopping center in Rastatt. In sum, both news means that FCR will have an adequate capital cushion available to further execute on its well filled acquisition pipeline. Lower interest rates additionally show the increasing faith institutional investors are placing into FCR as well as the continued business success. We maintain our BUY rating with unchanged PT of EUR 16.20.