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Immofinanz AG (IMFI.VI)

IMFI.VI on Vienna Stock Exchange

2.10EUR
23 May 2018
Change (% chg)

€-0.01 (-0.29%)
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€2.09
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Volume
1,725,306
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2,275,208
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Latest Key Developments (Source: Significant Developments)

CA Immo's Q1 FFO I increases to 27.7 mln eur, confirms outlook
Wednesday, 23 May 2018 

May 23 (Reuters) - CA Immobilien Anlagen AG ::CA IMMO SAYS Q1 EBITDA 40.8 MILLION EUR, Q1 EBIT 56.6 MILLION EUR.CA IMMO SAYS Q1 FFO I PER SHARE 0.30 EUR.CA IMMO SAYS CONFIRMS 2018 OUTLOOK OF FFO I OF MORE THAN 115 MILLION EUR.CA IMMO SAYS Q1 FFO I (EXCLUDING. TRADING AND PRE TAXES) 27.7 MILLION EUR.  Full Article

Immofinanz Buys Around 19.5 Mln Bearer Shares Of S Immo
Wednesday, 18 Apr 2018 

April 18 (Reuters) - IMMOFINANZ AG ::ANNOUNCES THE PURCHASE OF APPROX. 19.5 MILLION BEARER SHARES OF S IMMO AG.HAS PURCHASED 19,499,437 BEARER SHARES (REPRESENTING AN INVESTMENT OF 29.14%) OF S IMMO AG.PURCHASE PRICE AMOUNTS TO EUR 20.0 PER SHARE.A TOTAL TRANSACTION VOLUME OF APPROXIMATELY EUR 390.0 MILLION.S IMMO SHARE PURCHASE WILL BE FUNDED FROM AVAILABLE LIQUIDITY AND, IF NECESSARY, THROUGH ADDITIONAL BANK FINANCING.HAS PURCHASED 19,499,437 BEARER SHARES (29.14%) OF S IMMO AG FROM MEMBER COMPANIES OF RPR GROUP (APPROX. 14.6 MILLION SHARES) AND SIGNA GROUP (APPROX. 4.9 MILLION SHARES).  Full Article

Immofinanz Net Profit From Continuing Operations At EUR 181.0 Mln
Wednesday, 4 Apr 2018 

April 4 (Reuters) - IMMOFINANZ AG ::DIVIDEND RECOMMENDATION RAISED TO 7 CENTS PER SHARE.FY ‍NET PROFIT (INCL. RUSSIA) NEGATIVE, AS EXPECTED, AT EUR -537.1 MILLION​.SAYS RECOMMENDATION WILL BE MADE TO ANNUAL GENERAL MEETING ON 11 MAY 2018, CALLING FOR PAYMENT OF A 7 CENTS (EUR 0.07) DIVIDEND PER SHARE.FY ‍RENTAL INCOME WAS SLIGHTLY HIGHER AT EUR 234.5 MILLION (2016*: EUR 233.4 MILLION)​.SAYS PLANS CALL FOR AN INCREASE IN DIVIDEND TO EIGHT EURO CENTS (EUR 0.08) PER SHARE FOR 2018 FINANCIAL YEAR.FY FFO 1 BEFORE TAX (EXCLUDING RESULTS OF PROPERTY SALES AND PROPERTY DEVELOPMENT) AT EUR 71.4 MILLION (2016*: EUR 53.2 MILLION)​.BY 2019 ‍RENTAL INCOME GENERATED BY COMPLETION OF DEVELOPMENT PROJECTS IS EXPECTED TO ADD EUR 21.2 MLN TO FFO​.‍FFO 1 BEFORE TAX, EXCLUDING ECONOMIC INTEREST IN CA IMMO, SHOULD THEREFORE RISE TO MORE THAN EUR 100 MILLION IN 2019​.FY ‍RESULTS OF DISCONTINUED OPERATIONS TOTALLED EUR -718.1 MILLION (2016*: EUR -274.4 MILLION)​.FY ‍NET PROFIT FROM CONTINUING OPERATIONS IMPROVED SUBSTANTIALLY TO EUR 181.0 MILLION (2016*: EUR -147.4 MILLION)​.  Full Article

Immofinanz: Offer Price For Partial Takeover Offer Considered Inappropriate
Tuesday, 27 Mar 2018 

March 27 (Reuters) - IMMOFINANZ AG ::STATEMENT BY THE EXECUTIVE BOARD ON THE ANNOUNCED PARTIAL TAKEOVER OFFER TO THE SHAREHOLDERS OF IMMOFINANZ AG.SAYS ‍EXECUTIVE BOARD CONSIDERS ANNOUNCED OFFER PRICE OF EUR 2.10 PER SHARE TO BE INAPPROPRIATE​.WE WELCOME STARWOOD'S INTEREST IN IMMOFINANZ.  Full Article

Immofinanz With Refinancing Volume Of Approx. EUR 1.6 Billion In 2017
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - IMMOFINANZ AG ::DGAP-NEWS: IMMOFINANZ AG: IMMOFINANZ WITH REFINANCING VOLUME OF APPROX. EUR 1.6 BILLION IN 2017 FINANCIAL YEAR - FUTURE FINANCING COSTS REDUCED BY MORE THAN EUR 18 MILLION PER YEAR.  Full Article

Immofinanz closes Russia assets sale to Fort Group
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Immofinanz Ag ::‍IMMOFINANZ HAS SUCCESSFULLY CONCLUDED SALE OF ITS RETAIL PORTFOLIO MOSCOW TO RUSSIAN FORT GROUP​.‍SALE OF RETAIL PORTFOLIO MOSCOW GENERATES IMMEDIATE NET CASH FLOWS (AFTER REPAYMENT OF EXISTING DEBT FINANCING) OF RUB 5.0 BILLION (APPROX. EUR 72.0 MILLION*)​.‍PURCHASE AGREEMENT ALSO INCLUDES AN ADDITIONAL GUARANTEED PAYMENT OF EUR 14.5 MILLION IN JANUARY 2022 AND AN EARN-OUT OF UP TO RUB 9.0 BILLION (APPROX. EUR 129.6 MILLION*) BASED ON REVENUES FROM SHOPPING CENTERS IN 2021​.‍IMMOFINANZ CAN PARTICIPATE WITH UP TO RUB 1.0 BILLION (APPROX. EUR 14.4 MILLION*) IN POSITIVE OUTCOME OF CURRENT TAX REIMBURSEMENT PROCEEDINGS​.  Full Article

Immofinanz swings back to 9m net profit without Russian assets
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Immofinanz Ag ::DGAP-NEWS: IMMOFINANZ STRENGTHENS BALANCE SHEET AND POSTS SIGNIFICANT IMPROVEMENT IN NET PROFIT FOR THE FIRST THREE QUARTERS OF 2017.DIVIDEND 0.06 EURPER SHARE.‍LIKE-FOR-LIKE RENTAL INCOME RISES 3.9%​.‍NET PROFIT FOR PERIOD FROM CONTINUING OPERATIONS (EXCLUDING. RUSSIA) INCREASES SIGNIFICANTLY TO EUR 116.3 MILLION (PRIOR YEAR: EUR -217.8 MILLION) AND NET PROFIT (INCL. RUSSIA) TO EUR -59.1 MILLION (PRIOR YEAR: EUR -409.5 MILLION)​.‍DEBT LEVELS DOWN SHARPLY: NET LOAN-TO-VALUE RATIO IMPROVES TO 42.3%** (EXCLUDING. RUSSIA) AND EQUITY RATIO TO 41.9%**​.‍FFO 1 MORE THAN DOUBLES TO EUR 48.6 MILLION (Q1-3 2016: EUR 19.3 MILLION)​.‍IMMOFINANZ POSTED A SIGNIFICANT INCREASE IN NET PROFIT FROM CONTINUING OPERATIONS (EXCLUDING. RUSSIA) FOR FIRST THREE QUARTERS OF 2017, TO EUR 116.3 MILLION (Q1-3 2016: EUR -217.8 MILLION)​.‍THIS ENABLES US TO TARGET AN INVESTMENT GRADE RATING AS NEXT STEP​.‍A NEGATIVE VALUATION EFFECT OF EUR -157.8 MILLION WAS RECOGNISED FROM SALE IN NET PROFIT OR LOSS FROM DISCONTINUED OPERATIONS IN Q3 OF 2017​.‍IMMOFINANZ, HOWEVER, HAS SOME ADDITIONAL EARNINGS POTENTIAL FROM TRANSACTION OF UP TO APPROX. EUR 145 MILLION​.‍PLANS FOR 2017 FINANCIAL YEAR STILL INCLUDE DISTRIBUTION OF A DIVIDEND OF EUR 0.06 PER SHARE​.  Full Article

Immofinanz sells retail portfolio Moscow to the FORT Group
Monday, 13 Nov 2017 

Nov 13 (Reuters) - IMMOFINANZ AG ::DGAP-ADHOC: IMMOFINANZ SELLS RETAIL PORTFOLIO MOSCOW TO THE FORT GROUP.‍PURCHASE PRICE FOR GROSS ASSETS, TOTALS UP TO APPROX. EUR 901 MILLION.IMMOFINANZ - ‍EXPECTED DECONSOLIDATION EFFECT OF APPROX. EUR -169 MILLION ON GROUP EQUITY, RESPECTIVELY EUR -0.15 ON EPRA NAV PER SHARE​.‍UPSIDE FROM EARN-OUTS AND TAX REIMBURSEMENTS OF UP TO APPROX. EUR 151 MILLION​.‍PURCHASE PRICE FOR NET ASSETS, CONVERTED FROM RUBELS, TOTALS UP TO APPROXIMATELY EUR 226 MILLION (RUB 15 BILLION)​.‍CLOSING IS EXPECTED BY END OF DECEMBER 2017​.  Full Article

Immofinanz says in advanced talks with one bidder on Russia
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Immofinanz ::CEO Schumy says we are in advanced talks with one bidder on Russia portfolio.  Full Article

Immofinanz says in advanced talks with one bidder for Moscow retail properties
Wednesday, 4 Oct 2017 

Oct 4 (Reuters) - Immofinanz Ag :It is now in advanced talks with one bidder for its retail properties in Moscow.Overall process for sale of Moscow shopping centers also includes other prospective buyers.Plans to complete separation of Russian portfolio by end of 2017 remain unchanged from current point of view.Key conditions for sale of retail properties in Moscow must still be finalised.  Full Article

Austrian property group CA Immo will not offer shares to Starwood

May 24 Austrian property group CA Immo has decided not to take up a partial offer from the U.S. property investment firm Starwood Capital Group, the company said on Thursday.