Financial results of IMMOFINANZ in the first half of the year

IMMOFINANZ with very good first half-year in 2022: FFO 1 increases by 6%, net profit reaches EUR 163 million
 
• Rental income stable year-on-year, plus 4.2% after adjustment for non-recurring effect
• Occupancy rate high at 94.3%
• EPRA NTA per share improves to EUR 29.5
• Strong balance sheet with equity ratio of 57.3% and net LTV of 32.5%
 
 
Q1-2 2022 in HUNGARY as of 30 June 2022
 
The IMMOFINANZ properties in Hungary represent 8.6% of the company’s total portfolio, including 23 properties with a carrying amount of EUR 462.6 million. The standing investment portfolio splits into 5 office buildings (6.3% of the total standing office portfolio) and 14 retail properties (10.7% of the total standing retail portfolio). The occupancy rate remained at a high level of 96.8%.
 
Rental income in Hungary equals EUR 14.8 million in HY 2022, which accounts for 10.2% of the Group’s total rental income.

IMMOFINANZ