Founded in 1990 and headquartered in Vienna, IMMOFINANZ is a leading commercial real estate company with a focus on office (c. 65% by carrying amount) and retail (c. 33%) in selected countries in Western and Central
Eastern Europe
Amongst the largest European commercial real estate players with strong market position in each of its core markets across a portfolio valued EUR 5.1 bn
Company's shares have traded on the Vienna Stock Exchange since December 1994
Portfolio property value by country1
Poland
MEUR 979.2
19.3%
Germany
MEUR 644.8
Slovakia
12.7%
MEUR 324.9
Czech Republic
6.4%
MEUR 567.5
Romania
11.2%
MEUR 780.8
Austria
15.4%
MEUR 894.3
17.6%
Adriatic Region4
Developed markets:
Hungary
MEUR 375.3
49.7%
MEUR 482.0
7.4%
9.5%
Key figures
MEUR 5,070.5
7.0%
94.5%
Development as a pct.
Portfolio value
Occupancy rate
of carrying amount
6.1%2
39.5%
1.98%
Gross return
Net LTV
Financing costs
(incl. hedging)
Portfolio segmentation
Office
Retail
Others
63.8%
34.5%
1.7%
Standing
Development Pipe-
investments
projects line
89.6%
7.0% 3.4%
1 Excludes MEUR 375.3 (7.4% by property portfolio value) in Adriatic region (Slovenia, Serbia, Croatia) and MEUR 21.7 (0.4%) in further countries (Turkey and Bulgaria); 2 6.1% on invoiced rent basis; 3 As defined by FTSE EPRA/NAREIT
3
Portfolio
4
Portfolio
Overview - occupancy rate at high level
Portfolio value
MEUR 5,070.5
(12/2020: MEUR 4,978.9)
Standing investments
MEUR 4,541.8
(12/2020: MEUR 4,428.5)
Gross return
5.8% IFRS rent (12/2020: 6.2%)
6.1% on invoiced rent basis1
(12/2020: 6.6%)
Unexpired lease term
(weighted, average) 4.1 years
(12/2020: 4.2)
Portfolio segmentation
Portfolio allocation office and retail
Office
Retail
Other
63.8%
34.5%
1.7%
Solid standing investments/developments ratio
Standing investments
Development projects
Pipeline
89.6%
7.0%
3.4%
Invested in Austria, Germany and CEE/SEE
AT
DE
PL
RO
CZ
HU
Adriatic
SK Other
17.6%
12.7%
19.3%
15.4%
11.2%
9.5%
7.4%
6.4% Countries
0.4%
Clear focus on three brands
myhive offices
ST9P SHOP
VIVO!
Other offices
Other
39.0%
20.9%
13.0%
(primarily single
2.3%
tenant buildings)
24.8%
Robust occupancy rate
Overall
94.5%
12/2020
03/2021
Office
91.3%
12/2020 03/2021
Retail97.4%
12/2020 03/2021
¹ Information provided for better comparability in relation to peer group
Segmentation information based on portfolio value
5
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Immofinanz AG published this content on 17 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2021 07:23:02 UTC.
Immofinanz AG is an Austria-based real estate company that invests in commercial properties. The Companyâs core activities are the management and development of retail and office properties in selected Central and Eastern European countries. The Company focuses its operations on such markets as Austria, Germany, the Czech Republic, Slovakia, Hungary, Slovenia, Romania and Poland. The Company manages a portfolio of approximately 240 properties, covering rentable space of approximately 1.8 million square meters. In the office sector, the Company concentrates on the capital cities of the core countries and the major office locations in Germany with its international myhive brand. The Company's activities in the retail sector are based on the brands STOP SHOP for retail parks and VIVO! for shopping centers which are designed for secondary and tertiary cities of Central and Eastern Europe.