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CA Immo: Major Drop in Profits
On Tuesday evening, CA Immo published the annual figures for 2012. The market-listed real estate company shows profits of € 48.6m which means a decrease of 28 %.
CA Immo: Major Drop in Profits / Picture: © CA Immo AG
Despite of an increase of rental income of 5.8 %, totaling € 280.9m, profits compared with 2011 shrunk immensely. Net profits only came up to € 48.6m. Analysts had only estimated a slight downturn around 4 %. Also the increase in rental income was supposed to be higher, at around 14 %. CA Immo has clearly failed to reach its target.
The operative result before interest rates,…
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