CA Immobilien Anlagen AG

CA Immo delivers extremely strong half-year results 2016 - Seite 3

The Financial Interim Report as at 30 June 2016 of CA Immobilien Anlagen AG is published on the company's website http://www.caimmo.com/en/investor_relations/financial_reports/.

Profit and loss (EUR m)	1H 16	1H 15	yoy	2Q 16	2Q 15	yoy
Rental income	81.3	68.8	18.3%	41.1	34.1	20.8%
Net rental income (NRI)	72.1	60.5	19.2%	36.9	29.3	25.8%
Result from hotel operations	0.0	0.3	n.m.	0.0	0.3	n.m.
Other development expenses	-1.5	-0.7	105.1%	-0.5	-0.4	36.4%
Result from trading and construction works	0.6	0.0	n.m.	1.1	-0.1	n.m.
Result from the sale of investment properties	2.4	0.9	180.9%	1.2	-0.2	-583.4%
Income from Services	6.1	8.9	-30.7%	3.1	4.3	-29.2%
Indirect expenses	-18.8	-20.5	-8.4%	-9.3	-11.4	-18.0%
Other operating income	0.4	1.1	-60.2%	0.1	0.6	-76.0%
EBITDA	61.4	50.2	22.2%	32.6	22.4	45.4%
Depreciation and impairment/reversal	-1.6	-1.4	20.5%	-0.8	-0.7	17.4%
Result from revaluation	113.1	46.4	143.6%	96.3	51.4	87.4%
Result from joint ventures	2.7	6.0	-53.9%	0.9	2.9	-67.7%
EBIT	175.6	101.3	73.4%	129.0	76.0	69.7%
Financing costs	-21.9	-31.3	-30.0%	-10.7	-16.5	-34.7%
Result from derivatives	-1.9	-7.6	-74.5%	-0.4	-9.3	-95.9%
Result from financial Investments	1.9	9.7	-80.6%	1.0	3.5	-71.1%
Other financial result	-16.2	1.1	n.m.	-0.6	1.0	n.m.
Earnings before tax (EBT)	137.4	73.1	87.8%	118.3	54.8	115.7%
Income tax	-38.5	-18.1	112.3%	-32.6	-19.2	70.2%
Net profit	98.9	55.0	79.8%	85.6	35.7	140.2%
Earnings per share in EUR (basic)	1.03	0.56	83.5%	0.89	0.36	147.2%
Earnings per share in EUR (diluted)	1.03	0.56	83.5%	0.89	0.36	147.2%

Balance sheet (EUR m)	30.06.2016	31.12.2015	+/-
Investment properties	2,760.4	2,714.3	1.7%
Properties under development	443.7	409.0	8.5%
Own-used properties	6.8	7.0	-2.8%
Other long-term assets	16.1	17.3	-7.1%
Investments in joint ventures	159.7	172.3	-7.3%
Financial assets	94.8	134.8	-29.7%
Deferred tax assets	1.7	2.4	-27.5%
Assets held for sale	103.5	54.0	91.5%
Properties held for trading	26.3	22.1	19.3%
Cash and cash equivalents	265.9	207.1	28.4%
Other short-term assets	284.9	243.7	16.9%
Total assets	4,163.7	3,984.0	4.5%
Shareholders' equity	2,153.6	2,120.5	1.6%
Long-term financial liabilities	1,064.2	858.8	23.9%
Other long-term liabilities	105.8	100.9	4.9%
Deferred tax liabilities	232.0	197.4	17.6%
Short-term financial liabilities	445.1	545.2	-18.4%
Other short-term liabilities	163.0	161.3	1.1%
Liabilities + Equity	4,163.7	3,984.0	4.5%

Selected balance sheet items in EUR m	30.06.2016	31.12.2015	+/-
Property assets	3,340.7	3,203.4	4.3%
Total assets	4,163.7	3,984.0	4.5%
Cash and cash equivalents	265.9	207.1	28.4%
Long-term interest-bearing liabilities	1,064.2	858.8	23.9%
Short-term interest-bearing liabilities	445.1	545.2	-18.4%
Debt	1,509.3	1,404.0	7.5%
Net debt	1,238.5	1,191.4	3.9%
Shareholders' equity	2,153.6	2,120.5	1.6%
NAV per share (in EUR)	22.58	21.90	3.1%
EPRA NAV per share (in EUR)	25.68	24.32	5.6%
EPRA NNNAV per share (in EUR)	23.61	22.69	4.1%
Equity Ratio	51.7%	53.2%
Gearing (net)	57.5%	56.2%
Loan-to-value	45.2%	43.8%
Loan-to-value (net)	37.1%	37.2%

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