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BRIEF-Patrizia Immobilien Q1 oper income down to EUR 9.3 mln
May 9, 2017 / 3:53 PM / 7 months ago

BRIEF-Patrizia Immobilien Q1 oper income down to EUR 9.3 mln

May 9 (Reuters) - PATRIZIA IMMOBILIEN AG:

* Q1 2017 RESULTS BUILDING ON 2016‘S POSITIVE MOMENTUM; ISSUANCE OF EUR300M BONDED LOAN INCREASES OPTIONS FOR STRATEGIC GROWTH SIGNIFICANTLY

* IN FIRST THREE MONTHS OF 2017, MANAGEMENT FEES ROSE BY 9.7% TO EUR 22.9 MILLION

* Q1 TOTAL FEE INCOME WAS EUR 31.0 MILLION, COMPARED WITH EUR 37.7 MILLION IN FIRST THREE MONTHS OF 2016

* Q1 OPERATING INCOME WAS EUR 9.3 MILLION, COMPARED TO ADJUSTED PRIOR-YEAR RESULT OF EUR 12.3 MILLION

* CONFIRMS ITS GUIDANCE FOR FULL YEAR Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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