Founded in 1990 and headquartered in Vienna, IMMOFINANZ is aleading commercial real estate company with a focus on office (ca. 61% by carrying amount) and retail (c. 37%) in selected countries in Western and Central
Eastern Europe
Amongst the largest European commercial real estate players withstrong market position in each of its core markets across a portfolio valued EUR 5.2 bn
Company's shares havetraded on the Vienna Stock Exchange since December 1994
Portfolio property value by country1
Poland
MEUR 984.1
18.8%
Germany
MEUR 634.2
Slovakia
12.1%
MEUR 327.3
Czech Republic
6.2%
MEUR 564.8
Romania
10.8%
MEUR 772.5
Austria
14.7%
MEUR 948.9
18.1%
Adriatic region⁴
Key figures as of 03/2022
MEUR
MEUR 72.4
94.4%
5,242.0
Net profit
Occupancy rate
Portfolio value
6.2%2
32.7%
MEUR 385.0³
Gross return
Net LTV
Cash and cash
equivalents
Portfolio segmentation
Office
Retail
Others
61%
37%
2%
Standing
Development Pipe-
investments
projects line
MEUR 542.2
Hungary
MEUR 458.8
10.3%
8.8%
1 Excludes MEUR 9.4 (0.2%) in further countries (Turkey); 2 5.9% on IFRS rental income; 3 Pro forma liquidity position (excl. cash outflow for bonds repayment); ⁴ Adriatic region includes Serbia, Slovenia, Croatia and Italy
3
At a glance
Update of successful strategy to enhance value
Well-definedportfolio strategy with crisis-resilient and sustainable real estate solutions
Robust financial fundament as a strong base for stable cash flow
Strategic diversification by asset classes
Active portfolio management: Asset
Clear brand strategy, focused on
and regions - active in stable and growing
innovative office and retail solutions and
rotation program to realize valuation
markets
affordable housing with strong customer
gains and streamline the portfolio
orientation
according to the updated strategy
Strong commitment to sustainability
affects entire range of activities -
Robust financial structure and strong
IMMOFINANZ and CPIPG work together
alignment of ESG targets and reporting
commitment to IG rating support long-
on how both groups benefit from lifting
with CPIPG
term growth and stable cash flow
synergies
4
At a glance
Selective asset rotation to realize value of mature buildings and invest in higher yielding products
As the macroeconomic environment is characterized by high inflation and increasing interest rates, IMMOFINANZ considers investments in higher yielding retail and office properties as sustainable long-term investment strategy.
Plans to divest certain lower yielding properties in order to realize the value of mature buildings or where buildings no longer fit into updated strategy.
Active portfolio management should ensure properties are not only attractive for tenants, but also in balance with the environment from a social and sustainable perspective.
Divestments to reach ~EUR 1 billion for reinvestment into assets according to strategy update and repayment of debt.
In closer integration of the entire CPI group, IMMOFINANZ pursues a retail and office focused strategy; targeted acquisitions will involve properties from CPI matching the strategy.
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Immofinanz AG published this content on 24 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2022 13:55:01 UTC.
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