CA Immo: Profits Doubled

Professional ServicesReal Estate ♦ Published: November 22, 2011; 19:08 ♦ (Vindobona)

The Austrian real estate company had a rental income of € 192.6m (up 56 %) in the first nine months of 2011. EBIT rose by 58%.

CA Immo: Profits Doubled / Picture: © Vindobona.org

The figures for the first nine months of 2011 show key earnings indicators that are well up on last year. On the one hand, recurring rental revenue was boosted by the incorporation of Europolis into the consolidated accounts of the CA Immo Group early in the year; on the other hand, sales of property assets produced a considerable contribution to…