ARTICLES LABELLED WITH TAG financial report

CA Immo presented its results for the first quarter of 2020. The company registered solid growth in rental income (+7.2% year-on-year) and although the negative revaluation result reflects the exceptional economic situation now prevailing, other positive earnings contributions made up for this.

CPI Property Group published an update on the Group’s efforts to flatten debt maturities, reduce gross leverage and fortify operating position.

Immofinanz expects a substantial improvement in rental income and the results of operations for the first quarter of 2020. The estimated increases range from 13.0% to 15.0% versus Q1 2019.

Atrium European Real Estate published an update on trading for the three months ended 31 March 2020 and an update on trading in light of the COVID-19 pandemic. A progressive reopening has been launched from 4 May in Poland and is planned from 11 May in the Czech Republic and 3 June Slovakia, although it is too early to say when the company’s assets will return to full operation.

Immofinanz published its results for the 2019 financial year. The clear improvement of 18.1% in rental income and 30.2% in FFO 1 from the standing investment business underscore the profitable growth of the portfolio to approximately €5.1 billion. Net profit rose by 61.9% to €352.1 million and goes hand in hand with a solid financial position: Cash and cash equivalents total €345.1 million. In order to strengthen this very good cash position, an unsecured revolving credit facility of €100 million was concluded at the end of March 2020.

CPI Property Group published results for the financial year ended 31 December 2019. “2019 was a year of many achievements for CPIPG. We grew our office portfolio, tightened our financial policy and strengthened our liquidity,” said Martin Nemecek, CEO of CPIPG.

Globalworth released its annual financial reports for 2019 and issued a COVID-19 statement. Since the beginning of the year, Globalworth has further improved its liquidity, which is currently close to €600 million of available cash.

CA Immo presented its financial results for 2019 with a significant increase in recurring earnings (+13%) and rental income (+15%).  The company expects challenging conditions on CA Immo's core markets due to COVID-19.

With the acquisition of another 10.4 percent stake, Wing's stake in Echo Investment has increased to 66 percent, the Hungarian investor-developer announced.

CPI Property Group published its unaudited profit and credit estimates for the financial year ended 31 December 2019.