on S Immo AG (isin : AT0000652250)
S Immo AG Faces Delisting Amid Operational Growth
S Immo AG reported strong Q3 results, reflecting significant operational progress. Rental income rose by 38.7% year-on-year to €55.8 million, spurred by key acquisitions in Austria and the Czech Republic. The hotel segment also showed resilience, with a 5.6% revenue growth to €19.5 million, signaling a post-Covid recovery.
Despite these gains, Funds From Operations (FFO I) saw a slight decline of 2% to €24.6 million due to increased operating expenses. The EPRA Net Tangible Assets (NTA) rose to €25.31 per share, indicating value growth.
S Immo AG announced a planned delisting from the Vienna Stock Exchange, with a squeeze-out expected to conclude by December 3. Post-delisting, shares will be transferred to IMMOFINANZ AG. Shareholders will receive €22.05 per share as cash compensation. NuWays AG recommends selling at prices above this rate before trading ceases on December 2.
R. E.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all S Immo AG news