FCR Immobilien - Seeking new funding to grow its portfolio
FCR Immobilien held a real estate portfolio worth c €312m at end-June 2020 (with retail properties making up 76%). Rental income (including hotel revenue) improved by c 30% y o y to €12.5m in H120, supported by H219 acquisitions. Management now guides to a rental and hotel revenue increase of 31% y-o-y to €28.3m in FY20 (not accounting for further acquisitions). Moreover, it expects a property disposal volume of at least €30m this year, which implies a strong pick-up in activity in H220 vs H120. Consequently, management expects FY20 pre-tax profit to reach €11.1m (€11.9m in FY19), which implies over 50% growth in H220 vs €4.4m in H120.FCR Immobilien AG. FCR Immobilien AG is a Germany-based company engaged in the real estate sector. The Company operates as a commercial real estate company which buys and operates retail parks and shopping centers. Its objective is to acquire properties at 50% of their market value, notably those in liquidation and insolvency, and in renting its properties to long-term tenants. In addition to its retail properties portfolio, the Company invests in student housing in Bamberg, Germany.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.