FCR Immobilien AG: Audited figures 2020 confirm preliminary results - Dividend proposal of EUR 0.30 per share

- Earnings before taxes (EBT): EUR 11.5 million, FFO: EUR 5.0 million

- First listing in the USA, OTCQX, completed

- Admission to the MSCI Europe Micro Cap Index

- For 2021, EBT of EUR 14 million and FFO of EUR 8 million with further expansion of the real estate portfolio anticipated
 

Munich, 29 March 2021: FCR Immobilien AG ("FCR", ISIN DE000A1YC913) has closed fiscal 2020 successfully, as expected. The audited financial statements 2020 according to IFRS confirm the published preliminary figures. Earnings before taxes (EBT) amounted last year to EUR 11.5 million and are hence only slightly below the prior-year value of EUR 11.9 million. The consolidated net income for the year amounted to EUR 9.6 million, after EUR 9.7 million in 2019. The successful business development with a stronger focus on portfolio management had a clearly positive impact on the FFO, funds from operations, which improved by EUR 8.1 million to EUR 5.0 million. The dividend proposal of the Executive Board and the Supervisory Board for the ordinary general meeting, scheduled for 18 May 2021, amounts to EUR 0.30 per share, as in the previous year.

FCR Immobilien AG has increased its real estate portfolio in 2020 to a total of around EUR 315 million, after EUR 299 million at the end of fiscal 2019. Around EUR 268 million were accounted for by the standing portfolio with a focus on shopping and specialist retail centres, neighbourhood stores and drugstores. The trading and development portfolio added up to EUR 46 million. The equity ratio amounted at the end of 2020 to robust 26.5 percent. The NAV rose at the end of the year to EUR 107 million.

Since the beginning of March 2021 the FCR Immobilien AG share has also been traded in the USA on the OTCQX, in addition to the listing in the General Standard of the Frankfurt Stock Exchange and the m:access at the Munich Stock Exchange. Moreover, the share was admitted to the MSCI Europe Micro Cap Index (EUR).

For fiscal 2021 FCR Immobilien AG anticipates a further expansion of the real estate portfolio and rising earnings. The goal is to acquire properties for a total amount of around EUR 160 million. Earnings before taxes are to increase to EUR 14 million; the FFO is to improve to EUR 8 million.

The audited financial statements 2020 are available on the website of the company -immobilien.de in the Investor Relations section.


About FCR Immobilien AG

FCR Immobilien AG is a dynamically growing portfolio manager and portfolio developer specialising in shopping centres and specialist retail centres in Germany. The company's focus is on properties at attractive secondary sites which offer above-average yield potentials due to their location. FCR also invests, whenever opportunities arise, in the asset classes office, residential and logistics. Apart from purchases at favourable conditions, the positive development of FCR Immobilien AG is based on the successful management of portfolio properties, supplemented by opportunistic sales of trading properties. The portfolio of FCR Immobilien AG currently includes a total of around 90 properties; the annualised annual net rent from the standing portfolio amounts to around EUR 20 million. The tenants include well-known brands such as EDEKA, Netto, ROSSMANN, OBI, REWE and NORMA. The FCR share (WKN A1YC91, ISIN DE000A1YC913) is quoted in the m:access of the Munich Stock Exchange and is listed in the General Standard of the Frankfurt Stock Exchange, and is traded, amongst others, on Xetra.
 

Website: fcr-immobilien.de
Twitter: @FCR_Immobilien
Facebook: facebook.com/fcrimmobilien
 

Press contact

edicto GmbH
Dr. Sönke Knop
Telephone 51
Email:
 

Company contact

Ulf Wallisch
Senior Director, Head of Operations Management
Telephone 11
Email:
 

FCR Immobilien AG
Paul-Heyse-Straße 28
D-80336 Munich

 

CEO: Falk Raudies
Chairman of the Supervisory Board: Prof. Dr. Franz-Joseph Busse
HRB 210430 | Local Court Munich