EQS-News

IMMOFINANZ with a strong start into the 2022 financial year: 4.3% increase in like-for-like rental income

EQS-News: IMMOFINANZ AG / Key word(s): Quarter Results/Real Estate IMMOFINANZ with a strong start into the 2022 financial year: 4.3% increase in like-for-like rental income 24.05.2022 / 17:42 The issuer is solely responsible for the content of this announcement. IMMOFINANZ with a strong start into the 2022 financial year: 4.3% increase in like-for-like rental income

• FFO 1 (before tax) reflects the very good prior year level at EUR 34.4 million
• Occupancy rate remains high at 94.4%
• EPRA NTA per share improves to EUR 29.4
• Strong balance sheet with equity ratio of 52.3% and net LTV of 32.7%

 

KEY FIGURES (IN MEUR)	Q1 2022	Δ IN %	Q1 2021
Rental income	70.2	-6.1	74.8
Rental income like for like	64.0	4.3	61.4
Results of asset management	53.9	-1.8	54.9
Results of property sales	0.6	n/a	-0.4
Results of property development	-4.1	n/a	1.1
Results of operations	38.1	-17.9	46.4
EBIT	37.3	-21.1	47.4
Financial results	47.7	-40.1	79.7
Net profit	72.4	-41.2	123.1
FFO 1 (before tax)	34.4	-0.2	34.5