S IMMO

EQS-News: IMMOFINANZ 2023 with strong operating performance

Retrieved on: 
Wednesday, April 10, 2024
EUR, Growth, Supervisory board, AG, VIVO, ATX, CPI Property Group, S IMMO, Bank statement, Investment, LTV, FFO, NTA, Cryptocurrency

IMMOFINANZ Group generated strong growth in rental income and operating results during the 2023 financial year.

Key Points: 
  • IMMOFINANZ Group generated strong growth in rental income and operating results during the 2023 financial year.
  • “We achieved above-average operating results in 2023 in spite of the difficult macroeconomic environment.
  • This performance underscores the success of our strategy to invest in higher-yielding properties to strengthen our earning power“, explained Radka Doehring, Member of the Executive Board of IMMOFINANZ.
  • Revaluations (including development projects and property sales) totalled EUR -376.8 million in 2023, compared with EUR -105.7 million in the previous year.

EQS-News: IMMOFINANZ AG: IMMOFINANZ sells Vienna Twin Towers to S IMMO

Retrieved on: 
Tuesday, July 11, 2023
ATX, Sale, S IMMO, Twin Towers, VIVO, Adriatic Sea

IMMOFINANZ is pleased to announce the sale of the Twin Towers on Wienerbergstrasse in Vienna to S IMMO.

Key Points: 
  • IMMOFINANZ is pleased to announce the sale of the Twin Towers on Wienerbergstrasse in Vienna to S IMMO.
  • “This sale is consistent with our focused portfolio strategy,” said Pavel Měchura, member of the Executive Board of IMMOFINANZ.
  • “We continue to capture synergies and efficiency gains along with S IMMO, which will ultimately benefit all stakeholders."
  • IMMOFINANZ increased its investment in S IMMO to 50% plus one share at the end of 2022 and now includes this company through full consolidation.

EQS-News: IMMOFINANZ: Pavel Měchura appointed to the Executive Board

Retrieved on: 
Friday, June 16, 2023
ATX, Strategic planning, S IMMO, RTÉ Executive Board, CPI Property Group, Supervisory board, KPMG, VIVO, Management, Adriatic Sea

The Supervisory Board of IMMOFINANZ AG appointed Pavel Měchura to the Executive Board, effective immediately.

Key Points: 
  • The Supervisory Board of IMMOFINANZ AG appointed Pavel Měchura to the Executive Board, effective immediately.
  • The IMMOFINANZ Executive Board will now include two members: Radka Doehring and Pavel Měchura.
  • Also effective today, Radka Doehring will become a member of the Executive Board of S IMMO AG.
  • “With the appointment of Pavel Měchura, we are gaining an excellent manager with many years of wide-ranging experience in finance, real estate, transformation processes and strategic planning.

EQS-News: IMMOFINANZ with growth surge in Q1 2023

Retrieved on: 
Saturday, May 27, 2023
Bank statement, ATX, EBIT, Sale, LTV, S IMMO, EPRA, Acquisition, Investment, Financial result, Growth, VIVO, Cryptocurrency, Lithium, Bank, Video game, Adriatic Sea, EUR

In total, IMMOFINANZ generated net profit of EUR 18.4 million, or earnings per share of EUR 0.16, in the first quarter of 2023.

Key Points: 
  • In total, IMMOFINANZ generated net profit of EUR 18.4 million, or earnings per share of EUR 0.16, in the first quarter of 2023.
  • adjusted for acquisitions, completions and sales, excluding S IMMO) with an increase of 9.8% in the first quarter of 2023 (versus Q1 2022).
  • Net profit for the first quarter of 2023 equalled EUR 18.4 million (Q1 2022: EUR 72.4 million) and represents earnings per share of EUR 0.16 (Q1 2022: EUR 0.55).
  • The interim financial report by IMMOFINANZ AG for the first quarter 2023 as of 31 March 2023 will be available on the company’s website under https://immofinanz.com/en/investor-relations/financial-reports starting on 26 May 2023.

EQS-News: CPI PROPERTY GROUP publishes financial results for 2022

Retrieved on: 
Saturday, April 15, 2023
Hotel, Travel, CET, CPI, ICR, Czech Republic, MUFG, NAV, Rothschild, CCC, S IMMO, LTV, Rothschild & Co, BBB, EBITDA, EPRA, Acquisition, AAA, Webcast, ESG, Environment, BB, Security (finance), Cryptocurrency, Bank, Commercial property, Renting, Rare-earth element, MSCI

CPI PROPERTY GROUP (hereinafter “CPIPG”, the “Company” or together with its subsidiaries the “Group”) hereby publishes audited financial results for the financial year ended 31 December 2022.

Key Points: 
  • CPI PROPERTY GROUP (hereinafter “CPIPG”, the “Company” or together with its subsidiaries the “Group”) hereby publishes audited financial results for the financial year ended 31 December 2022.
  • In 2023 we will focus on integration, optimisation, and reducing leverage.”
    The Group fully consolidates the assets, liabilities, and equity of IMMOFINANZ and S IMMO.
  • Highlights of the 2022 financial year include:
    CPIPG’s property portfolio reached €20.9 billion (versus €13.1 billion at year-end 2021) as the Group consolidated IMMOFINANZ (€5.3 billion) and S IMMO (€3.4 billion) and made nearly €900 million of disposals during 2022.
  • CPIPG will host a webcast in relation to its financial results for 2022.