LTV

Housing investment and the user cost of housing in the euro area

Retrieved on: 
Tuesday, April 23, 2024
Chamber of Deputies (Italy), Tax, JRC, Finance, Coilover, Conference proceedings, Depreciation, European Commission, LTV, House, ECB, Policy, Federal Reserve Bank, Database, Reserve Bank of Australia, Journal, Journal of Applied Econometrics, OIS, Credit, Housing, Machine learning, Quarterly Journal of Economics, Conference, Pressure, Weakness, European Parliament, COVID-19, HICP, Real estate

Furthermore, we use an empirical model to relate the level of housing investment to the user cost of housing.

Key Points: 
  • Furthermore, we use an empirical model to relate the level of housing investment to the user cost of housing.
  • This highlights the possibility of further weakness in euro area housing investment, which could persist for some time if there is no significant decline in the user cost of housing.

EQS-News: Aroundtown SA announces FY 2023 results with strong liquidity and solid operations

Retrieved on: 
Wednesday, April 10, 2024
EV, Annual report, Growth, ICR, Heat, Devaluation, FY, ESG, MDAX, EPRA, Gold, LTV, Collection, FFO, Publication, Cryptocurrency

Liquidity balance increased to €3 billion and net debt reduced by €0.9 billion during 2023.

Key Points: 
  • Liquidity balance increased to €3 billion and net debt reduced by €0.9 billion during 2023.
  • Aroundtown (‘the Company’ or ‘AT’) announces results for the year 2023 in the top range of full year guidance, successfully navigating a volatile macroeconomic environment.
  • €1 billion in new bank debt during 2023 from a variety of different banks, utilizing the strong banking relationships.
  • You can find the Consolidated Report for FY 2023 on AT’s website under Investor Relations > Publications > Financial Reports or under this link:

EQS-News: Deutsche Wohnen: Stable Performance in the financial year 2023

Retrieved on: 
Wednesday, April 10, 2024
Deutsche Wohnen, Tax, EBT, Environment, Sale, NAV, EPRA, Care, Depreciation, LTV, Orientation

In a challenging environment for the real estate industry, Deutsche Wohnen SE delivered a stable operating performance in the financial year 2023.

Key Points: 
  • In a challenging environment for the real estate industry, Deutsche Wohnen SE delivered a stable operating performance in the financial year 2023.
  • The Deutsche Wohnen Management Board subjected the nursing care activities to a strategic review.
  • Going forward, Deutsche Wohnen will be making a clearer distinction in the management system between earnings orientation and liquidity orientation.
  • Going forward, Deutsche Wohnen will reconcile EBITDA to earnings before taxes (EBT), establishing this as the central measure of earnings.

EQS-News: CPI PROPERTY GROUP publishes financial results for 2023

Retrieved on: 
Wednesday, April 10, 2024
WAULT, EUR, CPI, Growth, Capital expenditure, ICR, Environment, GSG, Hotel, Webcast, CEE, NAV, EPRA, Investment, LTV, FFO

CPI PROPERTY GROUP (hereinafter “CPIPG”, the “Company” or together with its subsidiaries the “Group”), a leading European landlord, hereby publishes audited financial results for the financial year ended 31 December 2023.

Key Points: 
  • CPI PROPERTY GROUP (hereinafter “CPIPG”, the “Company” or together with its subsidiaries the “Group”), a leading European landlord, hereby publishes audited financial results for the financial year ended 31 December 2023.
  • “CPIPG’s results in 2023 demonstrate the resilient and high-yielding nature of real estate in the CEE region,” said David Greenbaum, CEO.
  • The Group raised over €2.5 billion of secured and unsecured external financing in 2023, including €1.2 billion of fresh cash.
  • CPIPG will host a webcast in relation to its financial results for 2023.

EQS-News: IMMOFINANZ 2023 with strong operating performance

Retrieved on: 
Wednesday, April 10, 2024
EUR, Growth, Supervisory board, AG, VIVO, ATX, CPI Property Group, S IMMO, Bank statement, Investment, LTV, FFO, NTA, Cryptocurrency

IMMOFINANZ Group generated strong growth in rental income and operating results during the 2023 financial year.

Key Points: 
  • IMMOFINANZ Group generated strong growth in rental income and operating results during the 2023 financial year.
  • “We achieved above-average operating results in 2023 in spite of the difficult macroeconomic environment.
  • This performance underscores the success of our strategy to invest in higher-yielding properties to strengthen our earning power“, explained Radka Doehring, Member of the Executive Board of IMMOFINANZ.
  • Revaluations (including development projects and property sales) totalled EUR -376.8 million in 2023, compared with EUR -105.7 million in the previous year.

EQS-News: HAMBORNER REIT AG: Annual financial statements confirm successful business performance with revenue and earnings growth in 2023 – dividend proposal of €0.48 per share – AGM on 25 April 2024

Retrieved on: 
Wednesday, April 10, 2024
EPRA, LTV, Uncertainty, Annual report, REIT, Annual general meeting, Policy, NAV, Environment

Duisburg, 14 March 2024 – HAMBORNER REIT AG today publishes its annual report for 2023 following another successful financial year and is confirming the preliminary figures released on 8 February 2024.

Key Points: 
  • Duisburg, 14 March 2024 – HAMBORNER REIT AG today publishes its annual report for 2023 following another successful financial year and is confirming the preliminary figures released on 8 February 2024.
  • Although the 2023 financial year was characterised by a high degree of uncertainty and numerous negative factors, the company successfully continued its business performance, achieving its revenue forecast in full and exceeding its earnings target.
  • The company’s financial position also remained comfortable, with a REIT equity ratio of 55.1% and loan-to-value (LTV) of 43.5%.
  • At an operating level, the company achieved considerable success in its letting activities in the 2023 financial year.

Aroundtown SA announces FY 2023 results with strong liquidity and solid operations

Retrieved on: 
Wednesday, April 10, 2024
EV, Annual report, Growth, ICR, Heat, Devaluation, FY, ESG, MDAX, EPRA, Gold, LTV, Collection, FFO, Publication, Cryptocurrency

Liquidity balance increased to €3 billion and net debt reduced by €0.9 billion during 2023.

Key Points: 
  • Liquidity balance increased to €3 billion and net debt reduced by €0.9 billion during 2023.
  • Aroundtown (‘the Company’ or ‘AT’) announces results for the year 2023 in the top range of full year guidance, successfully navigating a volatile macroeconomic environment.
  • €1 billion in new bank debt during 2023 from a variety of different banks, utilizing the strong banking relationships.
  • You can find the Consolidated Report for FY 2023 on AT’s website under Investor Relations > Publications > Financial Reports or under this link:

EQS-News: Deutsche Konsum REIT-AG sells 14 retail properties / Proceeds from the sale will be used in full to repay financial liabilities

Retrieved on: 
Wednesday, April 10, 2024
LTV, EUR, Sale, Acquisition, DKR

Potsdam, 28 March 2024 - The Management Board of Deutsche Konsum REIT-AG (ISIN DE000A14KRD3) today notarised the sale of a sub-portfolio of 14 properties.

Key Points: 
  • Potsdam, 28 March 2024 - The Management Board of Deutsche Konsum REIT-AG (ISIN DE000A14KRD3) today notarised the sale of a sub-portfolio of 14 properties.
  • The sub-portfolio is made up of various property types - from free-standing food discounters to regionally dominant retail parks, the retail properties form a cross-section of DKR's portfolio.
  • On average, DKR has succeeded in increasing the annual rent of the properties for sale by around 10% over the holding period since the properties were acquired.
  • The proceeds from the sale are to be used in full to repay bank liabilities and to partially repay maturing bonds.

Custodian Property Income REIT plc: Disposal of Properties

Retrieved on: 
Wednesday, April 10, 2024
LTV, Property income, Sale, Disposal

Custodian Property Income REIT plc: Disposal of Properties

Key Points: 
  • Custodian Property Income REIT plc: Disposal of Properties
    Custodian Property Income REIT (LSE: CREI), which seeks to deliver a strong income return by investing in a diversified portfolio of smaller regional properties across the UK, is pleased to announce that it has completed the sale of an industrial unit in Weybridge for £6.0m and unconditionally exchanged on the disposal of a vacant industrial unit in Warrington for £9.0m (“the Disposals”).
  • The Disposals were previously disclosed in the Company’s announcement of 28 February 2024, with the respective sales prices representing premiums to 31 December 2023 valuations of 5.2% (£0.3m) and 61% (£3.4m).
  • The Warrington disposal is expected to complete in mid-April 2024 and total proceeds from the Disposals of £15.0m will be used towards repaying the Company’s existing revolving debt facility, reducing LTV by circa 2%.
  • Selling vacant property is particularly accretive to earnings by both saving void costs and reducing interest expense.

EQS-News: ESPG bond: More than 50% of bondholders have registered for written voting procedure – voting period is LIVE as of now

Retrieved on: 
Wednesday, April 10, 2024
LTV, Federal Gazette, LIVE, Science, ESPG, Security (finance)

Cologne, 18 March 2024: The European Science Park Group (ESPG), a real estate company specialising in science parks, is very pleased to confirm that more than 50% of all bondholders have registered for the written voting procedure.

Key Points: 
  • Cologne, 18 March 2024: The European Science Park Group (ESPG), a real estate company specialising in science parks, is very pleased to confirm that more than 50% of all bondholders have registered for the written voting procedure.
  • This sets ESPG right on track to reach the respective quorum, which requires at least half of the overall outstanding notes to participate in the vote.
  • Ralf Nöcker, Management Board Member of ESPG AG: “This is a major breakthrough for us, and we would like to thank our bondholders in advance for their participation and support.
  • It is now important that each registered investor exercises his or her voting rights.”
    The voting period is LIVE as of now.