Rental income up 39% YoY, on the back of higher occupancy (now at 91.4%) & more.adj. EBIT margin strongly improves from 3% to now 32% in 2024 on the back of cost control and higher occupancy.Net income/results in the green at EUR 2.9m, positively impacted by revaluation (of EUR +4.9m). Highlighting that the business model is able to break-even despite a lack of office disposals.Leverage increases to 44.9% (from 34.7% in 2023) on the back of execution of the pipeline.Development pipeline is ongoi ....
06 Mar 2025
(Sponsored) Banimmo - FY24 - Results are back in the green
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(Sponsored) Banimmo - FY24 - Results are back in the green
- Published:
06 Mar 2025 -
Author:
Vincent Koppmair -
Pages:
10 -
Rental income up 39% YoY, on the back of higher occupancy (now at 91.4%) & more.adj. EBIT margin strongly improves from 3% to now 32% in 2024 on the back of cost control and higher occupancy.Net income/results in the green at EUR 2.9m, positively impacted by revaluation (of EUR +4.9m). Highlighting that the business model is able to break-even despite a lack of office disposals.Leverage increases to 44.9% (from 34.7% in 2023) on the back of execution of the pipeline.Development pipeline is ongoi ....