Branicks : Final Q2 2024 results broadly in the range of expectations except an impairment charge – worst could be over
>FY 2024 guidance confirmed - This morning, Branicks´ reported soft final Q2 2024 figures which were broadly in the range of expectations, except an impairment charge, overall confirming its preliminary key figures released on 19 August (net rental income and FFO, amongst others). Management confirmed its FY 2024e FFO guidance of € 40-55m.Q2 2024 net rental income of € 38.6m was basically unchanged vs € 38.5m in Q1 2024 and down -5.8% y-o-y. The decline is mainly...DIC Asset along with its subsidiaries invests directly or indirectly in German commercial real estate and operates in the area of portfolio, asset and property management. Co.'s business segments include: commercial portfolio, which comprises portfolio properties owned by Co., which are leased long-term and offer attractive rental yields; and co-Investments, which comprises fund investments, investments in project developments and joint venture investments. As of Dec 31 2013, Co. had six branches located in the Hamburg, Berlin, Dusseldorf, Frankfurt Am Main, Mannheim, and Munich.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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