EPRA

EQS-News: HAMBORNER REIT AG: Revenue and earnings growth in first half-year – FFO forecast raised for 2023

Retrieved on: 
Thursday, August 10, 2023

Duisburg, 10 August 2023 – In a consistently difficult general economic environment, HAMBORNER REIT AG has continued the positive operating performance of the previous year and achieved growth in revenue and earnings in the first half of 2023.

Key Points: 
  • Duisburg, 10 August 2023 – In a consistently difficult general economic environment, HAMBORNER REIT AG has continued the positive operating performance of the previous year and achieved growth in revenue and earnings in the first half of 2023.
  • Income from rents and leases amounted to €43.7 million, up 4.3% on the same period of the previous year.
  • HAMBORNER REIT AG’s property portfolio was appraised by a third-party expert, which resulted in its fair value being reduced by 5.7% (like-for-like).
  • Taking into account the positive operating performance of the first half of 2023, the company now is able to update its revenue guidance.

Custodian Property Income REIT plc: First quarter trading update shows rental growth supporting fully covered dividends and stable values

Retrieved on: 
Wednesday, August 9, 2023

The listed property market is acutely sensitive to broader economic news with inflation, interest rates and potential recession all impacting investors’ confidence.

Key Points: 
  • The listed property market is acutely sensitive to broader economic news with inflation, interest rates and potential recession all impacting investors’ confidence.
  • In the current market, occupational demand is continuing to drive rental growth which is positive for interest cover and dividends.
  • Continued rental growth is the Investment Manager’s key objective together with capturing the reversionary potential through the letting of vacant space.
  • The Board has approved an interim dividend per share of 1.375p for the Quarter, fully covered by EPRA earnings, payable on 31 August 2023.

EQS-News: Deutsche Wohnen SE: Interim Results January to June 2023

Retrieved on: 
Tuesday, August 8, 2023

Deutsche Wohnen SE delivered a stable operating performance in the first half-year of 2023.

Key Points: 
  • Deutsche Wohnen SE delivered a stable operating performance in the first half-year of 2023.
  • This decline was largely driven by the result from the fair value measurement of investment properties of €-2,175.8 million for the first half of 2023.
  • As known since March of 2023, Deutsche Wohnen has as part of a strategic review come to the conclusion that the nursing segment no longer fits to the core business as a residential real estate company.
  • Deutsche Wohnen is therefore examining, whether and when a potential sale of individual portfolios of the nursing segment might make economic sense.

EQS-News: Vonovia SE: strong rental business in Q2 2023 – Refinancing already covered until well into 2024

Retrieved on: 
Friday, August 4, 2023

Core rental business grows at around 10% in second quarter of 2023 – Virtually full rental occupancy – High customer satisfaction – Full-year 2023 guidance confirmed.

Key Points: 
  • Core rental business grows at around 10% in second quarter of 2023 – Virtually full rental occupancy – High customer satisfaction – Full-year 2023 guidance confirmed.
  • Bochum, 4 August 2023 – Vonovia SE reports a very good result in the rental business in the second quarter of 2023 and has confirmed its full-year guidance for 2023.
  • In July 2023, Vonovia partially repurchased 17 bonds maturing from 2024 onwards with a nominal value of €1.0 billion, at a discount of 11%.
  • According to current data from real estate portals, demand for rental flats remained high throughout Germany in Q2 2023.

EQS-News: Cureus continues to hold its own in project development in the second quarter of 2023

Retrieved on: 
Wednesday, July 5, 2023

From April to June 2023, the company completed a total of four projects with 314 care and assisted living units in Lower Saxony and North Rhine-Westphalia.

Key Points: 
  • From April to June 2023, the company completed a total of four projects with 314 care and assisted living units in Lower Saxony and North Rhine-Westphalia.
  • In the entire first half of 2023, there were thus seven projects and 666 units.
  • In addition, construction got underway on two new projects at one location with 197 care and assisted living units during the course of the second quarter 2023.
  • Cureus projects can comprise different construction phases at one location which are later combined as one leased property.

EQS-News: Cureus publishes Sustainability Report 2022

Retrieved on: 
Friday, June 30, 2023

As in previous years, the report content is based on the criteria of the Global Reporting Initiative (GRI) and the European Public Real Estate Association (EPRA).

Key Points: 
  • As in previous years, the report content is based on the criteria of the Global Reporting Initiative (GRI) and the European Public Real Estate Association (EPRA).
  • Cureus was given a low ESG risk rating of 10.1 points in December 2022.
  • Cureus is a specialist in the inpatient care home real estate sector in Germany with a specially created system approach.
  • Cureus has also defined concrete measures with the current sustainability report to continue its growth without compromising on its ESG commitments.

EQS-News: Carbon footprint reduced significantly: DEMIRE publishes EPRA Sustainability Report for the year 2022

Retrieved on: 
Thursday, June 29, 2023

DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) managed to achieve significant improvements in its key sustainability indicators during 2022, as documented in the company’s Sustainability Report 22/23 prepared in accordance with the Sustainability Best Practices Recommendations (sBPR) of the European Public Real Estate Association (EPRA).

Key Points: 
  • DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) managed to achieve significant improvements in its key sustainability indicators during 2022, as documented in the company’s Sustainability Report 22/23 prepared in accordance with the Sustainability Best Practices Recommendations (sBPR) of the European Public Real Estate Association (EPRA).
  • In addition to the carbon dioxide (CO2) emissions of its real estate portfolio holdings, DEMIRE’s own corporate carbon footprint was also taken into account for the first time.
  • All of the company’s own emissions were fully offset via Atmosfair, an independent German non-profit organization which arranges carbon offsets.
  • “Our second sustainability report shows that we have achieved improvements in the relevant ESG indicators,” explains Tim Brückner, Chief Financial Officer of DEMIRE.

EQS-News: SIGNA Real Estate publishes Sustainability Reports 2022

Retrieved on: 
Monday, June 26, 2023

Vienna, June 26, 2023 — SIGNA Real Estate has published its Sustainability Reports 2022 for SIGNA Prime Selection AG (SIGNA Prime) and SIGNA Development Selection AG (SIGNA Development).

Key Points: 
  • Vienna, June 26, 2023 — SIGNA Real Estate has published its Sustainability Reports 2022 for SIGNA Prime Selection AG (SIGNA Prime) and SIGNA Development Selection AG (SIGNA Development).
  • The analysis shows that around 352,000 metric tons of CO₂e were emitted by SIGNA Real Estate in 2021.
  • SIGNA Real Estate’s voluntary sustainability reporting underwent an external “limited assurance” audit by an independent auditor for the first time in the 2022 reporting year.
  • SIGNA Prime also ranked high in the real estate sector in the ISS ESG sustainability ratings achieving “Prime” status and “C+” at the beginning of 2023.

EQS-News: Aroundtown SA announces Q1 2023 results in line with guidance

Retrieved on: 
Thursday, June 1, 2023

Net rental income of €297 million in Q1 2023 as compared to €309 million in Q1 2022 as a result of high disposal volume.

Key Points: 
  • Net rental income of €297 million in Q1 2023 as compared to €309 million in Q1 2022 as a result of high disposal volume.
  • Conservative financial profile maintained, with LTV of 40% and equity ratio of 48% as of March 2023 and strong ICR of 4.8x in Q1 2023.
  • Q1 2023 results were ahead of the FY 2023 guidance as the next quarters are expected to show higher financing costs as well as higher attributions to the perpetual notes.
  • You can find the Interim Consolidated Report for Q1 2023 on AT’s website under Investor Relations > Publications > Financial Reports or under this link:

EQS-News: CPI PROPERTY GROUP publishes financial results for the first quarter of 2023

Retrieved on: 
Thursday, June 1, 2023

CPI PROPERTY GROUP (hereinafter “CPIPG”, the “Company” or together with its subsidiaries the “Group”), a leading owner of income-generating European real estate, hereby publishes unaudited financial results for the three-month period ended 31 March 2023.

Key Points: 
  • CPI PROPERTY GROUP (hereinafter “CPIPG”, the “Company” or together with its subsidiaries the “Group”), a leading owner of income-generating European real estate, hereby publishes unaudited financial results for the three-month period ended 31 March 2023.
  • “CPIPG’s first quarter results reflect the significant increase in our rental income due to indexation,” said Martin Nemecek, CEO.
  • Financial highlights for the first quarter of 2023 include:
    Property portfolio of €20.6 billion, total assets of €23.3 billion.
  • Because the bonds were repurchased at a discount, CPIPG expects to report a gain of approximately €60 million in Q2 2023.