CA Immo reported a return to profitability in 2025 with a consolidated net result of €184.4 million, compared to a loss of €66.3 million in 2024. The Austrian real estate company maintained stable net rental income despite ongoing asset disposals and exceeded its financial targets for the year.
Net rental income declined marginally by 1% to €200.2 million, reflecting a 3% drop in gross rental income due to the sale of non-core investment properties. This decrease was largely offset by increased efficiency in the rental business operations.
The operating result (EBITDA) reached €167.9 million, down 4% from €174.8 million in the previous year, primarily due to lower sales results in 2025. However, recurring earnings (FFO I) of €118.5 million exceeded the company's financial target of €104 million by a margin.
"In 2025, we further enhanced the quality of our portfolio while simultaneously reducing costs across all areas of the company," said Keegan Viscius, CEO of Ca Immo. "By consistently implementing our strategic priorities, we were able to generate a return on equity of 7.2% for our shareholders."
The Management Board will propose a dividend payment of €0.90 per share at the Annual General Meeting scheduled for 6 May 2026.
CA Immo’s pipeline features three fully pre-let projects under construction. Two office developments near the Berlin central station—Upbeat and Anna Lindh Haus—are scheduled for completion in Q2 2026 and early 2027, respectively. Additionally, the Karlsgärten "manage-to-green" refurbishment began in late 2025. Upon completion, these assets are projected to contribute €28 million in annualised rental income and approximately €650 million in gross asset value.
