Immofinanz CPI Europe made a profit again in 2024 – Diepresse.com
The market environment has improved thanks to the falling interest. The new ratings turned deep red to pale black to a total of 12.6 million euros.
The former Immofinance AG set balance for the first time on Friday evening under its new name CPI Europe AG. The listed company was renamed at the end of January and wants to demonstrate a Europe -wide orientation, the main shareholder is the CPI Property Group of the Czech billionaire Radovan Vitek. After stabilizing the environment and re -evaluations, a group profit of 133.5 million euros was now booked for the year 2024, said CPI Europe on Friday evening.
The tenant revenues increased by 10.4 percent to 589.2 million euros compared to the previous year. This increased the important amount of earnings in the real estate industry by 20.2 percent to 274.5 million euros. The new reviews, according to the communication including real estate developments and real estate sales, turned deep red to pale black to a total of 12.6 million euros. The year before, there was a loss of minus 376.8 million euros.
Falling interest, less inflation
This is reflected « the stabilization of the market environment, which was shaped by falling interest and a declining inflation in 2024, » wrote the group. The financial result improved, but in the low -red range from minus 246.1 to now minus 213.3 million euros. « This resulted above all from significantly lower, unpleasant negative evaluation effects of interest rates for the 2024 financial year. »
As of December 31, 2024, the CPI Europe real estate portfolio included 417 objects with a portfolio value of 7.98 billion euros. Of this, almost 98 percent of the book value on existing real estate with a rentable area of 3.4 million square meters. The rental degree rose by one point to 93.2 percent. (APA)
