Branicks : Q3 2024 figures broadly in line with our estimates but with FFO ahead of our expectation
>FFO guidance for FY 2024 was confirmed - This morning, Branicks reported Q3 2024 figures which were broadly in line with our estimates but with FFO being ahead of our expectations which was, amongst others,driven by other adjustments and higher fees income. Management confirmed its FY 2024e FFO guidance of € 40-55m but cut its acquisition guidance to € 0m from € 150-300m.Q3 2024 net rental income dropped by -12.6% to € 35.8m which was in line with our € 35.4m e...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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