EQS-News

VIB Vermögen AG presents successful financial year 2023 - Seite 2

Retention of profits also planned for 2023
To finance pending investments and project developments, the Managing Board and the Supervisory Board of VIB plan to propose to the Annual General Meeting to retent the profits of 2023.

FFO guidance between EUR 62 and 68 million
For the 2024 financial year, the Managing Board projects gross rental income in a range of EUR 72-78 million, below the 2023 level, due to the annualized effect of sales made during the year. Funds from operations (FFO) are forecasted between EUR 62 million and EUR 68 million. The company continues to plan for a vacancy rate in the low single-digit percentage range.

The 2023 annual report as well as an updated company presentation are available for download at www.vib-ag.de.

Contact

VIB Vermögen AG
Investor Relations:
Tilly-Park 1
86633 Neuburg/Donau
Tel.: + 49 (0)8431 9077-961
Fax: + 49 (0)8431 9077-1961
E-Mail: [e-mail]

Profile of the VIB Vermögen AG

VIB Vermögen AG is a medium-sized company specializing in the development, acquisition and portfolio management of modern and sustainably profitable commercial properties. The company has been operating successfully on the market for over 30 years. The focus is on properties in the logistics and light industrial asset class. VIB's shares have been listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005.

Alongside direct acquisitions, VIB's broad-based business model also comprises the entire spectrum of project development and redensification projects as part of a "develop-or-buy-and-hold" strategy: on the one hand, VIB Vermögen AG acquires properties that have been let already, and on the other hand, it develops new properties from the ground up in order to permanently incorporate these into its own portfolio and generate rental income from them. Also, selective disposals are part of the business strategy. In addition, VIB offers comprehensive property management services and solutions for institutional investors and holds interests in companies with real estate assets.