IMMOFINANZ with strong operating development in the first quarter of 2018 - cost savings take effect
(World News Austria)

(29.05.2018) o Results of operations double to EUR 35.5 million o Like-for-like rental income rises by 3.7% o Financing cost fall by 38.6% to EUR -16.4 million o FFO 1 roughly triples to EUR 29.1 million o Net LTV at 40.6% and financing costs (excl. derivatives) further reduced to 1.93% o Earnings before tax of EUR 27.2 million (EUR 107.0 million) and net profit from continuing operations at EUR 4.3 million (EUR 101.7 million) following strong positive valuation effects for investments in CA Immo and BUWOG in previous year o Income tax (EUR -22.9 million) influenced, among others, by the liquidation of Aviso Zeta and deferred taxes for the possible sale of the CA Immo investment o EPRA NAV...