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BRIEF-Patrizia Immobilien sees 2016 total operating at 283 mln euros
February 14, 2017 / 5:03 PM / 7 months ago

BRIEF-Patrizia Immobilien sees 2016 total operating at 283 mln euros

Feb 14 (Reuters) - Patrizia Immobilien AG:

* Releases preliminary results and exceeds its earnings forecast

* Total operating income for 2016 is expected to rise to 283 million euros ($299.24 million), exceeding most recent forecast of at least 265 million euros

* Past two financial years were also characterised by transactions, with sale of Harald portfolio in 2016 and Südewo in 2015

* Excluding contribution of these transactions to Patrizia’s results, a total recurring operating income of 73 million euros is expected for 2016

* Total management fees increased by 14 per cent to 189 million euros in 2016 from 165 million euros in 2015 (excluding performance fees for Südewo exit) Source text for Eikon: Further company coverage: ($1 = 0.9457 euros) (Gdynia Newsroom)

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