Branicks : Preliminary Q2 2024 key figures in the range of expectations
>Decline in net rental income mainly due to property disposals - This morning, Branicks unexpectedly reported preliminary key figures for H1 2024 which were in the range of expectations. Net rental income of € 77.1m for H1 2024 translates into € 38.6m in Q2 2024 which is basically unchanged vs € 38.5m in Q1 2024 and down -5.8% y-o-y. The decline is mainly due to the conducted property sales. During H1 2024, Branicks recorded a FFO of € 19.4m translating into...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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