A better financial result has given CA Immo a significantly higher net profit by March, although the revaluation result was negative due to Covid-19.
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The
Profit for the period was significantly higher at EUR 33.5 (5.4) million
Last year, the listed company announced Tuesday evening.
Financially, one sees oneself armed, the liquid funds have been increasing
At the end of 2019 from 439 to 800 million euros.
The revaluation result was EUR -11.1 million, well below
the previous year’s value of EUR 16.1 million. The sharp decline
reflected negative value adjustments of real estate with the
Main use: hotel and retail. This halved it
Result from operating activities (EBIT) to 26.1 (53.5) million
Euros, that was what analysts had expected. The financial result was
EUR 20.5 (-39.7) million. The result was noticeable here
Interest rate derivative transactions related to non-cash valuation effects
with a convertible bond and with interest rate hedges and 35.7
(-28.2) million euros. Financial liabilities increased
however, this brought the net debt to EUR 2.51 (2.10) billion
to EUR 1.70 (1.66) billion. Gearing (net debt) grew
to 56.8 (55.8) percent, the financing costs dropped to 1.6
(1.8) percent.
CA Immo also quantified the net asset value (NAV according to IFRS)
32.26 euros per share, 1.1 percent more than at the end of 2019 (31.90 euros).
The EPRA NAV was 38.83 (38.37) per share. On the Vienna Stock Exchange
The titles listed in the ATX went a little on Tuesday at 29.85 euros
firmer from the trade. The operating result from the
Rental business (FFO 1), an important indicator for the
Profitability was EUR 30.0 (29.6) million. Rental income grew
by 7.2 percent to EUR 62.4 million, for the first time in a quarter
the 60 million mark.
The dividend resolution of one euro per
The share confirmed the company until the general meeting on 25.
In August, however, the Executive Board and the Supervisory Board propose the proposal
be evaluated, with the reservation that it is also subject to change. The
Positioning in the high-quality core office segment has proven itself,
because in the office asset class is in the current exceptional situation
affected relatively little. The full impact of
Covid-19 pandemic on the operating business can still be done
do not evaluate finally. From January to April, 93 percent are
of the rents charged, from January to March 97 percent.
You are looking for individual partnership solutions with the tenants.
The value of real estate remained unchanged at 5.2 at the end of March
Billion euros, 87 percent of which were existing properties, 13 percent
Real estate under development. The existing portfolio increased in value
due to completions from EUR 4.3 billion at the end of 2019 to EUR 4.5 billion,
45 percent of it in Eastern Europe, 43 percent in Germany, 12 percent
in Austria. The yield was 5.4 (5.5) percent, the rental
95.2 (96.1) percent.
(Conclusion) sp / phs
ISIN AT0000641352
WEB http://www.caimmo.com
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