29.08.2021, 1779 Zeichen

S Immo: The listed real estate investment company S Immo AG ended the first half of 2021 on a very positive note with a net income for the period of Euro 137.3 mn (HY 2020 Euro 16.1 mn). EBIT also increased significantly to Euro 166.3 mn (HY 2020: Euro 41.8 mn). In the first half of the year, total revenues increased year-on-year from Euro 87.8 mn to Euro 91.1 mn. This improvement can be attributed to acquisitions and to careful operational management of the existing portfolio. The result from property valuation returned to the level seen in 2019, coming in at a very satisfying amount of Euro 131.5 mn (HY 2020: Euro 10.2 mn). Around 72% of the value increases were attributable to the German portfolio, around 22% to Austrian properties and roughly 6% to the CEE segment. In July 2021, S Immo AG submitted its shares in CA Immobilien Anlagen AG to Starwood Capital Group’s takeover offer and thus sold them at a price of Euro 37.0 per share. The sale generated a cash inflow of roughly Euro 230 mn (before taxes) and a disposal gain of almost Euro 100 mn throughout the investment period. These funds are now to be used for direct property investments. Herwig Teufelsdorfer, Member of S Immo AG’s Management Board, noted: “We are currently examining acquisition options very intensively – particularly in Budapest and Bucharest, there are a number of exciting investment opportunities for which we are holding specific discussions. The goal is to acquire properties that will immediately generate cash flow and make a valuable contribution to earnings. This will ensure our company’s ability to pay dividends and form the basis for further growth.”
S Immo: weekly performance: 1.75%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (27/08/2021)

Christian Drastil: Wiener Börse Plausch

kapitalmarkt-stimme.at daily voice: Presenter für eine der wichtigsten Peer Groups gesucht, dazu die Sache mit den ca. 2500

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