The net proceeds of € 350 m will mainly be used to finance and refinance sustainable buildings. In the first nine months of 2020, CA Immo recorded solid growth in rental income of 7.7% to € 177.6 m (1-3Q 2019: € 164.8 m). 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Nonetheless, we are unable conclusively to assess the full impact of the Covid-19 pandemic on our operational business at this time. The parliamentary committee of inquiry into the billion-dollar Wirecard balance sheet scandal in Germany has fined two representatives of Read more, Vienna. The yearly target for recurring earnings (FFO I) is unchanged >€ 126 m (yearly target for 2019: >€ 125 m). Save my name, email, and website in this browser for the next time I comment. The cash generation figure FFO I grew in the first nine months by 3.3 percent to 104.7 million euros. The significant increase reflects part of the net proceeds in the amount of around € 400 m from the € 500 m fixed-rate, senior unsecured benchmark bond successfully placed in Q1 2020 with a term of seven years and an annual coupon of 0.875%. Outlook and forecast for business year 2020. The listed CA Immo earned better operational earnings in the first nine months, but the bottom line was that a negative revaluation result left less net profit. hedging costs) stood at 1.57% as of the key date (31.12.2019: 1.79%). In addition to the successful management of the investment portfolio with a high occupancy rate, this positive development is related to the portfolio growth of recent months. The Group's financing costs, a key element in recurring earnings, amounted to € -29.7 m, 7.6% below the value for 1-3Q 2019. After the first nine months, indirect expenses amounted to € -59.4 m, 87.9% above the 2019 level of € -31.6 m. The figure includes potential court fees associated with the action for damages brought by CA Immo in the second quarter of 2020 against the Republic of Austria and the state of Carinthia in connection with the privatisation of the federal housing companies (BUWOG). Without a provision of 25.5 million euros for the Buwog lawsuit, EBITDA would have increased by 22.3 percent to 161.6 million euros, CA Immo announced on Wednesday evening. BUWOG Group GmbH | 1,746 followers on LinkedIn. Negative value adjustments were linked primarily to hotel and retail properties directly affected by the consequences of the pandemic as well as investment buildings in the CEE region. Despite a positive valuation contribution in the 3rd quarter, the negative revaluation result - as a result of the pandemic and its various effects - continues to have a negative impact on consolidated net income. The issue generated strong demand from over 150 investors and was more than 5 times oversubscribed. Die BUWOG-Affäre umfasst mögliche Untreue, illegale Absprachen und Provisionszahlungen in Zusammenhang mit der Privatisierung von 60.000 Bundeswohnungen der Bauen und Wohnen GmbH durch den damaligen österreichischen Finanzminister Karl-Heinz Grasser (FPÖ). Property assets include investment properties (85% share of the total portfolio) and investment properties under development (12%). The Covid-19 pandemic impacted net rental income as at 30 September 2020 by a total of € -3.2 m. This mainly relates to reserves for bad debts and to a lower degree rent reductions, which are, however, counterbalanced by opposing effects from incentive agreements (rent-free periods). The Interim Financial Statement as at 30 September 2020 of CA Immobilien Anlagen AG is available at: www.caimmo.com/en/investor-relations/financial-reports/, CA Immobilien Anlagen AG published this content on 25 November 2020 and is solely responsible for the information contained therein. 1 m (compared to € 132 .1 m in 1-3Q 2019). Distributed by Public, unedited and unaltered, on 25 November 2020 17:20:00 UTC, www.caimmo.com/en/investor-relations/financial-reports/, Chief Financial Officer, Head-Accounting & Taxes. This underscores our commitment to the transition to a low-carbon, sustainable economy, while at the same time taking advantage of favorable market conditions to further optimize our financing structure and costs. Der frühere Vorstandsdirektor der CA Immo, Wolfhard Fromwald, hat gestern zum zweiten Mal im BUWOG-Prozess als Zeuge aussagen müssen. FFO II adjusted per share stood at € 1.29 (1-3Q 2019: The Group's financial liabilities stood at € 2,448.6 m on the key date (against € 2,097.3 m on 31.12.2019). In October, CA Immo was also able to expand its Warsaw portfolio with the purchase of the almost fully let landmark office building 'Postepu 14' with a rentable effective area of around 34,500 sqm. Die Bundeswohnungen (Buwog und andere) sind 2004 an ein Konsortium von RLB OÖ und Immofinanz gegangen, die CA Immo als Mitbewerber ging leer aus. As at the key date, the result from property trading and construction services stood at € 6.1 m (1-3Q 2019: € -1.6 m). The value of the investment portfolio increased to roughly € 4.5 bn (31 December 2019: € 4.3 bn) as a result of the takeover of two project completions and a portfolio acquisition during the first three quarters, and is distributed among CEE (43%), Germany (45%) and Austria (12%). Starwood had launched its … Berlin. The book value of property assets stood - almost unchanged to 31 December 2019 - at € 5.2 bn as at the key date. CA Immo klagt Republik und Land Kärnten wegen Buwog-Verkaufs Der Verkauf der Bundeswohnbaugesellschaften im Jahr 2004 ist nun Thema einer umfassenden Schadenersatzklage durch die damals unterlegene Bieterin: Die CA Immobilien Anlagen AG (CA Immo) klagt die Republik Österreich und das Land Kärnten auf Schadenersatz. The efficiency of letting activity, measured as the operating margin in rental business (net rental income to rental income), stood at 89.8% above the previous year's value of 87.6%. An FFO I of € 104.7 m was generated in the first nine months of 2020, 3.3% above the previous year's value of € 101.4 m. FFO I, a key indicator of the Group's recurring earning power, is reported before taxes and adjusted for the sales result and other non-permanent effects. Gearing was 57.7% on the key date (55.8% on 31.12.2019). Andreas Quint, CEO of CA Immo: 'After a subdued first half of the year, the dynamics of the transaction markets increased noticeably in the 3rd and 4th quarters of 2020. FFO I per share stood at € 1.13 on the reporting date (1-3Q 2019: € 1.09). We were able to take full advantage of this environment to optimize the quality of our investment portfolio by selectively buying and selling properties at very attractive conditions. On the key date, taxes on earnings stood at € -32.4 m (1-3Q 2019: € -69.9 m). The FFO for the year as a whole should be “over EUR 126 million”, is still the goal. Thanks to this positive operating dynamic, we are already paving the way for a post-pandemic, high-growth 2021.'. The result from the sale of investment properties stood at € 24.9 m on 30 September 2020 (€ 16.3 m in 1-3Q 2019). With this strategic capital rotation, CA Immo is expanding in its core markets, strengthening sustainable earnings and improving its portfolio quality and management efficiency. „Es gibt aus unserer Sicht ausreichend Beweise“, sagt mir Sprecherin Susanne (Steinböck). The net result from rent after the first three quarters was € 159. CA Immo or CA Immobilien Anlagen is an Austrian real estate company with branch offices in Germany and CEE. The revaluation result was negative (EUR -21.5 million after EUR 193.5 million) due to value adjustments in hotels and retail. The financial result stood at € 9.7 m after the first nine months (1-3Q 2019: € -77.4 m). Tag im Grasser-Prozess startete heute mit schlechten Nachrichten für mehrere Angeklagte, allen voran Ex-Finanzminister Karl-Heinz Grasser. Den Betrag von 1,9 Milliarden Euro hat die CA Immo mit Unterstützung von externen Anwälten und Experten festgelegt. Strong operating result with growth in rental income, EBITDA and FFO despite Covid-19 environment Recurring earnings up 3.3% on last year to € 104.7 m... | November 25, 2020 Immofinanz agreed to buy a 26 percent stake in CA Immo from Russian billionaire Boris Mints’s O1 Group Ltd. in a first step to a full merger, the company said in a statement on Monday. The value increases were generally caused by property-specific changes (e.g. Die CA Immo sprach Ende Februar von einem Schaden von 1,9 Mrd. Adjusted for this one-off effect in the amount of around € 25.5 m, indirect expenses arriving at € 33.9 m were 7.3% higher than in the previous year.As a result of the developments outlined above, earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by 3.0% to € 136. Net debt (interest-bearing liabilities less cash and cash equivalents) was € 1,707.8 m at the end of September 2020 (31.12.2019: € 1,656.3 m). Rental income increased by 7.7 percent to EUR 177.6 million in the nine months. The consolidated result was significantly lower at EUR 88.0 (177.9) million. At the same time, CA Immo continued its non-strategic sales programme with the sale of a Munich residential building developed in-house, and withdrew from another secondary market with the sale of the Zagrebtower office building. ensuring reliable planning for projects and land value increases) as well as changes in market yields for office properties. short-term property assets) with a total book value of around € 700.7 m (31.12.2019: € 878.5 m), of which Germany accounts for 96% and CEE for 4%. Er betonte, dass es … Glücklich wohnen | Unter dem Motto „glücklich wohnen“ konzipiert, realisiert und bewirtschaftet die BUWOG seit bereits über 69 Jahren zeitgemäße und an die Bedürfnisse der Menschen angepasste Wohnlösungen in Österreich. EBITDA grew by 3.0 percent to EUR 136.1 million, compared to EUR 90.3 million in the first half of the year. FFO II (including the sales result and applicable taxes) adjusted for the BUWOG one-off effect (see 'indirect expenses') amounted to € 120.4 m, which translates into an increase of 21.6% on the previous year's number (1-3Q 2019: € 99.0 m). Thanks to its stable and solid positioning, CA Immo still expects the losses caused by the Covid-19 pandemic to be minor and short-term. It … At the same time, we placed our first Green Bond for the (re)financing of our sustainable project developments with great success. Without a provision of 25.5 million euros for the Buwog lawsuit, EBITDA would have increased by 22.3 percent to 161.6 million euros, CA Immo announced on Wednesday evening. The portfolio yield was 5.4%1) (31.12.2019: 5.5%2)); the occupancy rate remained at a very high level of 95.1%1) as of 30 September 2020 (31.12.2019: 96.1%2)). CA Immo's properties (among it is the depicted Cube Berlin) … 5 m (1-3Q 2019: € 144.4 m), a rise of 10.5% on the previous year. The result for the period wa s € 88.0 m, significantly below the 1-3Q 2019 value o f € 177.9 m. Earnings per share amounted t o € 0.95 on the balance sheet dat e (€ 1.91 per share in 1-3Q 2019).