The FCR Immobilien AG has concluded the fiscal year 2024 with an impressive result, which is of great importance to investors. Here are the key points from the report:
Results 2024
- Result before Taxes (EBT): The EBT significantly rose to 23.1 million euros, which represents a marked increase from 10.1 million euros in the previous year.
- Sales Revenue: The sales revenue from property sales amounted to 20.8 million euros, while rental income stood solidly at 33.3 million euros. The total revenue was 54.1 million euros, nearly matching the previous year’s value.
- Portfolio Quality: The rental rate slightly increased to 94.1%, and the average remaining term of the leases (WAULT) rose to 5.7 years.
- Cost Reduction: Through the increased use of digital tools, material expenses fell to 7.3 million euros, and personnel expenses decreased to 4.0 million euros.
- Financial Expenses: These increased moderately to 16.1 million euros.
Funds from Operations (FFO) and Dividend
- FFO: Despite rising interest costs, the FFO remained solid at 7.0 million euros, indicating the operational strength of the company.
- Dividend Proposal: The Board of Directors and the Supervisory Board plan to propose a dividend of 0.45 euros per share at the Annual General Meeting on May 20, 2025, which marks an increase from the previous year.
Outlook and Significance for Investors
The positive business development and the confirmation of the preliminary figures could have significant implications for future investment decisions. The planned dividend increase underlines the long-term earnings power and the continuity in the company’s distribution policy.
Overall, the 2024 results demonstrate that FCR Immobilien AG is successfully implementing its strategy and has established itself as a stable and profitable player in the real estate market.