CA Immo reported strong operational performance for the first nine months of 2025, with net rental income rising 4% to €155 million despite ongoing sales of non-strategic properties. At the same time, the company achieved recurring earnings (FFO I) of €93.3 million, up 8% year-on-year.
The company's consolidated net result reached €149.6 million, a significant improvement from the €33.4 million loss recorded in the same period of 2024. Operating result (EBITDA) stood at €138.4 million, 6% above the previous year's figure. "Despite a challenging market environment, our good operational performance continued in the third quarter of 2025, and we made further progress in implementing our strategic priorities," said Keegan Viscius, CEO of CA Immo.
CA Immo maintained a high occupancy rate of 93.7%, up from 93.1% at the end of 2024, signing total leases of around 102,000 sqm at rents slightly above budgeted levels. The company completed 16 disposals of non-core properties at an average premium to book value, including its last property in Serbia and several mixed-use assets.
The company's development pipeline includes two office buildings under construction near Berlin's central station: Upbeat, which is 100% pre-let and scheduled for completion in early 2026, and Anna Lindh Haus, due to complete at the end of 2026. Total property assets amounted to around €4.7 billion as at 30 September 2025, with Germany representing 71% of the portfolio.
CA Immo confirmed its financial guidance for 2025, expecting recurring earnings (FFO I) for the full year to exceed €104 million (€1.08 per share). The company maintains a robust balance sheet with an equity ratio of 44.8% and net LTV of 34.9%.
