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CA Immobilien Anlagen AG

euro adhoc: quarterly or semiannual financial statement
CA Immo ANLAGEN AG: result for first quarter of 2008 . Positive operational trend: rental income up 43%, EBITDA up 40% . Reduction of consolidated net income after minorities to EUR ...

30.05.2008 – 08:23

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
quaterly report
30.05.2008
Operational business developed positively during the first quarter of
2008: Rental income increased by 43%, from EUR30.1 million to EUR43.1
million, of which Vivico accounted for around 23%. The EBITDA rose by
40%, from EUR28.2 million to EUR39.5 million. However, as a result of
broadly stable real estate yields, the contribution of revaluation to
the result fell from EUR16.2 million to EUR1.9 million, leading to a 
reduction in operating result (EBIT) by 8%, from EUR43.9 million to 
EUR40.3 million. The increased financing volume following the 
acquisition of Vivico was also responsible for significantly higher 
financing costs of -EUR29.7 million (compared to -EUR13.3 million in 
the first quarter of 2007), as a result of which the consolidated net
income after minorities decreased to EUR3.2 million (compared to 
EUR19.7 million). As a result of the first time inclusion of Vivico´s
EUR1.3 billion portfolio, the property assets of the CA Immo Group 
expanded by 52% to EUR3.8 billion. The NNNAV per share increased from
EUR22.51 as of 31 December 2007 to EUR23.04 at the end of the first 
quarter 2008, equivalent to a rise of 2.4%. The increase was mainly 
due to the initial consolidation of Vivico. CA Immo aims to pay its 
first dividend for the year 2008, amounting to approximately 2% of 
average net asset value of the previous year.
Key financial figures
|in EUR mill.                             | Q1 2008 | Q1 2007 |Chg. %  |
|Rental income                            |43.1     |30.1     |+43%    |
|Net operating income                     |39.3     |26.9     |+46%    |
|Profit from the sale of properties       |7.2      |5.3      |+36%    |
|EBITDA                                   |39.5     |28.2     |+40%    |
|Change from revaluation                  |1.9      |16.2     |-88%    |
|EBIT                                     |40.3     |43.9     |-8%     |
|Financial result                         |(29.4)   |(8.1)    |n.m.    |
|EBT                                      |10.9     |35.8     |-70%    |
|Consolidated net income                  |8.9      |30.5     |-70%    |
|of which attributable to the parent      |3.2      |19.7     |-84%    |
|company                                  |         |         |        |
|Earnings per share (in EUR)              |0.04     |0.34     |-88%    |
|Funds from Operations (FFO)(in EUR mn)   |9.4      |13.3     |-29%    |
|                                         |31-3-08  |31-12-07 |Chg. %  |
|Property portfolio (EUR mn)              |3,846.5  |2,535.3  |+52%    |
|NAV per share (in EUR)                   |21.94    |22.04    |-0.5%   |
|NNNAV per share (in EUR)                 |23.04    |22.51    |+2.4%   |
end of announcement                               euro adhoc

Further inquiry note:

Please address queries to:

CA Immobilien Anlagen AG
Bruno Ettenauer
Wolfhard Fromwald
Claudia Hainz
Tel.: 01/532 59 07
Fax: 01/532 59 07-510
E-Mail: office@caimmoag.com
www.caimmoag.com

Branche: Real Estate
ISIN: AT0000641352
WKN: 064135
Index: Immobilien-ATX
Börsen: Wiener Börse AG / Regulated free trade

Weitere Storys: CA Immobilien Anlagen AG
Weitere Storys: CA Immobilien Anlagen AG