Reported Earnings • May 29
First quarter 2026 earnings released: EPS: €0.76 (vs €0.38 in 1Q 2025) First quarter 2026 results: EPS: €0.76 (up from €0.38 in 1Q 2025). Revenue: €191.7m (up 1.5% from 1Q 2025). Net income: €105.2m (up 100% from 1Q 2025). Profit margin: 55% (up from 28% in 1Q 2025). Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 11% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Apr 15
An undisclosed buyer acquired STOP SHOP San Fior and STOP SHOP Terminal Nord Udine Retail parks in Italy from CPI Europe AG (WBAG:CPI). An undisclosed buyer acquired STOP SHOP San Fior and STOP SHOP Terminal Nord Udine Retail parks in Italy from CPI Europe AG (WBAG:CPI) on April 13, 2026. The transaction was finalised under favourable market conditions following active portfolio management.
An undisclosed buyer completed the acquisiiton of STOP SHOP San Fior and STOP SHOP Terminal Nord Udine Retail parks in Italy from CPI Europe AG (WBAG:CPI) on April 13, 2026. Announcement • Dec 09
CPI Europe AG, Annual General Meeting, May 05, 2026 CPI Europe AG, Annual General Meeting, May 05, 2026. Announcement • Jun 26
Diorit Private Equity Fund managed by Gránit Asset Management and BDPST Zrt acquired The Budapest Marriott Hotel from CPI Europe AG (WBAG:CPI) for approximately €120 million. Diorit Private Equity Fund managed by Gránit Asset Management and BDPST Zrt acquired The Budapest Marriott Hotel from CPI Europe AG (WBAG:CPI) for approximately €120 million on June 25, 2025. The group emerged as the best bidder in an open international tender. The transaction hinges on regulatory approvals and other closing conditions. Announcement • Jan 27
IMMOFINANZ AG, Annual General Meeting, May 20, 2025 IMMOFINANZ AG, Annual General Meeting, May 20, 2025. Announcement • Dec 04
IMMOFINANZ AG (WBAG:IIA) completed the acquisition of an additional 7.13% stake in S IMMO AG (WBAG:SPI) IMMOFINANZ AG (WBAG:IIA) intends to launch a squeeze-out offer to acquire additional 7.13% stake in S IMMO AG (WBAG:SPI) on May 24, 2024. The Supervisory Board of IMMOFINANZ AG approved the commencement of preparations for a squeeze-out of S IMMO AG (“S IMMO”) in accordance with the Austrian Squeeze out Act (Gesellschafter-Ausschlussgesetz). Together with its parent company CPI Property Group S.A., IMMOFINANZ holds a stake of approximately 92.54%. The squeeze-out currently relates to 5,246,664 S IMMO shares. Following the completion of preparatory steps, and subject to further legal, tax and financial review, IMMOFINANZ as main shareholder would submit a request to S IMMO to initiate the procedure under the Austrian Squeeze-out Act. The cash compensation for the acquisition of the S IMMO shares will be determined based on a valuation report to be obtained. The squeeze-out will then be submitted for approval at a shareholders' meeting of S IMMO. The S IMMO general meeting is expected to decide on the squeeze-out this autumn, and expect the process will be completed by the end of 2024. On October 14, 2024, S IMMO AG shareholders has approved the transaction. The affected minority shareholders will receive a cash compensation of €22.05 per share of S IMMO AG in accordance with the resolution of the Shareholders’ Meeting. The last trading day in the shares of S IMMO AG on the Vienna Stock Exchange is therefore expected to be December, 2 2024. PwC Advisory Services GmbH acted as fairness opinion provider to S IMMO AG.
IMMOFINANZ AG (WBAG:IIA) completed the acquisition of an additional 7.13% stake in S IMMO AG (WBAG:SPI) on December 3, 2024. The squeeze-out was executed in accordance with the Austrian Squeeze-out Act (Gesellschafterausschlussgesetz). The cash compensation is expected to be paid out as scheduled with value date of 11 December 2024 concurrently against derecognition of the claim certificates. Announcement • Oct 02
An undisclosed buyer acquired 5.34% stake in IMMOFINANZ AG (WBAG:IIA) from Klaus Umek's Petrus Advisers Investments Fund L.P. fund managed by Petrus Advisers LLP. An undisclosed buyer acquired 5.34% stake in IMMOFINANZ AG (WBAG:IIA) from Klaus Umek's Petrus Advisers Investments Fund L.P. fund managed by Petrus Advisers LLP on September 26, 2024. Post completion of the acquisition, Petrus Advisers Investments Fund L.P. would be holding 1.056% of stake in IMMOFINANZ.
An undisclosed buyer completed the acquisition of 5.34% stake in IMMOFINANZ AG (WBAG:IIA) from Klaus Umek's Petrus Advisers Investments Fund L.P. fund managed by Petrus Advisers LLP on September 26, 2024. New Risk • Sep 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Announcement • Sep 05
Immofinanz Starts Negotiations to Purchase CPI Property Group's Remaining 38.37% Stake in S Immo IMMOFINANZ AG (WBAG:IIA) started negotiations to purchase CPI Property Group (XTRA:O5G) (Cpipg)'s remaining 38.37% stake in S IMMO AG (WBAG:SPI). Currently, Immofinanz Directly holds approximately 50.60% of S Immo and Cpipg directly holds 38.37%. Potential transaction would involve 28,241,094 shares in S Immo (approximately 38.37%). Transaction would take place at a fair market price taking into account as an upper limit cash compensation of EUR 22.05 per share. Upon completion of a purchase and squeeze-out Immofinanz would be 100% shareholder of S Immo. Reported Earnings • Sep 03
Second quarter 2024 earnings released: €0.071 loss per share (vs €0.75 loss in 2Q 2023) Second quarter 2024 results: €0.071 loss per share (improved from €0.75 loss in 2Q 2023). Revenue: €200.8m (up 11% from 2Q 2023). Net loss: €9.77m (loss narrowed 93% from 2Q 2023). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Announcement • Aug 22
AFI Europe N.V. acquired myhive Victoriei building on Calea Victoriei in Bucharest from IMMOFINANZ AG (WBAG:IIA) for €27 million. AFI Europe N.V. acquired myhive Victoriei building on Calea Victoriei in Bucharest from IMMOFINANZ AG (WBAG:IIA) for €27 million on August 20, 2024. The transaction was brokered by Colliers and Cushman & Wakefield Echinox.
AFI Europe N.V. completed the acquisition of myhive Victoriei building on Calea Victoriei in Bucharest from IMMOFINANZ AG (WBAG:IIA) on August 20, 2024. Popovici & Asociatii acted as legal advisor to AFI Europe. Reported Earnings • May 30
First quarter 2024 earnings released: EPS: €0.35 (vs €0.28 in 1Q 2023) First quarter 2024 results: EPS: €0.35 (up from €0.28 in 1Q 2023). Revenue: €192.2m (up 4.0% from 1Q 2023). Net income: €54.9m (up 118% from 1Q 2023). Profit margin: 29% (up from 14% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 28
Full year 2023 earnings released: €1.31 loss per share (vs €1.04 profit in FY 2022) Full year 2023 results: €1.31 loss per share (down from €1.04 profit in FY 2022). Revenue: €727.0m (up 169% from FY 2022). Net loss: €180.3m (down 226% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. New Risk • Mar 28
New major risk - Revenue and earnings growth Earnings have declined by 20% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Earnings have declined by 20% per year over the past 5 years. Announcement • Dec 12
IMMOFINANZ AG Announces Resignation of Gayatri Narayan from the Supervisory Board, Effective on December 31, 2023 IMMOFINANZ AG announced resignation of Gayatri Narayan from the Supervisory Board as of 31 December 2023 for personal reasons. Reported Earnings • Dec 01
Third quarter 2023 earnings released: EPS: €0.067 (vs €0.62 in 3Q 2022) Third quarter 2023 results: EPS: €0.067 (down from €0.62 in 3Q 2022). Revenue: €23.1m (down 80% from 3Q 2022). Net income: €9.30m (down 89% from 3Q 2022). Profit margin: 40% (down from 75% in 3Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Aug 31
Second quarter 2023 earnings released: €1.21 loss per share (vs €0.65 profit in 2Q 2022) Second quarter 2023 results: €1.21 loss per share (down from €0.65 profit in 2Q 2022). Revenue: €74.1m (down 34% from 2Q 2022). Net loss: €167.6m (down 285% from profit in 2Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Jul 12
S IMMO AG (WBAG:SPI) acquired Vienna Twin Towers from IMMOFINANZ AG (WBAG:IIA). S IMMO AG (WBAG:SPI) acquired Vienna Twin Towers from IMMOFINANZ AG (WBAG:IIA) on July 11, 2023. The towers were last valued at €194 million and generate rental income of €12.6 million per year
S IMMO AG (WBAG:SPI) completed the acquisition of Vienna Twin Towers from IMMOFINANZ AG (WBAG:IIA) on July 11, 2023. Announcement • Jun 17
IMMOFINANZ AG Appoints Pavel Mechura to the Executive Board The Supervisory Board of IMMOFINANZ AG appointed Pavel Mechura to the Executive Board, effective immediately. The IMMOFINANZ Executive Board will now include two members: Radka Doehring and Pavel Mechura. Also effective June 16, 2023, Radka Doehring will become a member of the Executive Board of S IMMO AG. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €12.72, the stock trades at a trailing P/E ratio of 5.9x. Average forward P/E is 6x in the Real Estate industry in Germany. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.08 per share. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: €0.65 (vs €0.86 in 2Q 2021) Second quarter 2022 results: EPS: €0.65 (down from €0.86 in 2Q 2021). Revenue: €102.6m (down 17% from 2Q 2021). Net income: €90.4m (down 14% from 2Q 2021). Profit margin: 88% (up from 85% in 2Q 2021). Over the next year, revenue is expected to shrink by 14% compared to a 47% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 15% per year. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €16.71, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Real Estate industry in Germany. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.62 per share. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: €2.82 (vs €1.50 loss in FY 2020) Full year 2021 results: EPS: €2.82 (up from €1.50 loss in FY 2020). Revenue: €515.0m (up 67% from FY 2020). Net income: €347.1m (up €514.1m from FY 2020). Profit margin: 67% (up from net loss in FY 2020). Over the next year, revenue is expected to shrink by 33% compared to a 33% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Apr 22
Full year 2021 earnings released: EPS: €2.81 (vs €1.50 loss in FY 2020) Full year 2021 results: EPS: €2.81 (up from €1.50 loss in FY 2020). Revenue: €375.1m (flat on FY 2020). Net income: €347.1m (up €514.1m from FY 2020). Profit margin: 93% (up from net loss in FY 2020). Over the next year, revenue is expected to shrink by 7.0% compared to a 33% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Dec 03
Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2021 results: EPS: €0.54 (up from €0.28 in 3Q 2020). Revenue: €101.2m (up 6.8% from 3Q 2020). Net income: €67.1m (up 210% from 3Q 2020). Profit margin: 66% (up from 23% in 3Q 2020). Revenue exceeded analyst estimates by 5.3%. Over the next year, revenue is expected to shrink by 17% compared to a 35% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Oct 14
Upcoming dividend of €0.75 per share Eligible shareholders must have bought the stock before 21 October 2021. Payment date: 25 October 2021. Trailing yield: 3.6%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (3.0%). Reported Earnings • Sep 04
Second quarter 2021 earnings released: EPS €0.86 (vs €0.82 loss in 2Q 2020) Second quarter 2021 results: Revenue: €90.6m (down 11% from 2Q 2020). Net income: €105.6m (up €188.2m from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Executive Departure • Jul 06
Member of the Executive Board & CEO Ronny Pecik has left the company On the 29th of June, Ronny Pecik's tenure as Member of the Executive Board & CEO of the company ended after 1.2 years in the role. As of March 2021, Ronny still personally held 1.20m shares (€19m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 6.25 years. Under Ronny's leadership, the company delivered a total shareholder return of 17%. Upcoming Dividend • Jun 15
Upcoming dividend of €0.55 per share Eligible shareholders must have bought the stock before 22 June 2021. Payment date: 24 June 2021. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (3.2%). In line with average of industry peers (2.9%). Reported Earnings • Jun 03
First quarter 2021 earnings released: EPS €1.00 (vs €0.37 loss in 1Q 2020) First quarter 2021 results: Revenue: €102.8m (up 9.0% from 1Q 2020). Net income: €123.1m (up €160.4m from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 25
Full year 2020 earnings released: €1.50 loss per share (vs €3.33 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €377.7m (down 36% from FY 2019). Net loss: €167.0m (down 147% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 02
New 90-day high: €17.85 The company is up 50% from its price of €11.90 on 04 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.71 per share. Is New 90 Day High Low • Jan 15
New 90-day high: €17.45 The company is up 28% from its price of €13.64 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.81 per share. Is New 90 Day High Low • Dec 31
New 90-day high: €17.08 The company is up 29% from its price of €13.24 on 02 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.93 per share. Is New 90 Day High Low • Dec 11
New 90-day high: €16.66 The company is up 18% from its price of €14.09 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.36 per share. Reported Earnings • Nov 26
Third quarter 2020 earnings released: EPS €0.28 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: €91.7m (down 6.5% from 3Q 2019). Net income: €21.6m (up 21% from 3Q 2019). Profit margin: 24% (up from 18% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 7% per year. Is New 90 Day High Low • Nov 24
New 90-day high: €14.81 The company is up 3.0% from its price of €14.37 on 25 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.38 per share. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 17% share price gain to €13.94, the stock is trading at a trailing P/E ratio of 28x, up from the previous P/E ratio of 23.9x. This compares to an average P/E of 12x in the Real Estate industry in Germany. Total return to shareholders over the past three years is a loss of 28%. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 17% share price gain to €13.45, the stock is trading at a trailing P/E ratio of 26.6x, up from the previous P/E ratio of 22.7x. This compares to an average P/E of 11x in the Real Estate industry in Germany. Total return to shareholders over the past three years is a loss of 33%. Is New 90 Day High Low • Oct 21
New 90-day low: €13.15 The company is down 17% from its price of €15.82 on 23 July 2020. The German market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.01 per share. Announcement • Oct 13
IMMOFINANZ AG Announces Supervisory Board Changes The supervisory board of IMMOFINANZ AG mandates of the chairman of the supervisory board, Dr. Martin Simhandl, his deputy, Mag. Franz Kerber, and Ms. Andrea Besenhofer were not extended by today's Annual General Meeting with the votes of company. The lifting of the age limit for members of the Management Board was also rejected. The above-mentioned members of the Supervisory Board will leave the Supervisory Board of S IMMO AG at the end of October 12, 2020 ordinary general meeting of company. Announcement • Oct 02
IMMOFINANZ AG Announces Executive Changes Michael Knap, Chairman of the Supervisory Board of IMMOFINANZ AG, resigned prematurely from this corporate body effective with the end of 27th Annual General Meeting. This step was taken for personal reasons and in agreement with his Supervisory Board colleagues. Knap first joined the Supervisory Board in 2008. The company also announced that Bettina Breiteneder, who previously served as Vice-Chairwoman of the Supervisory Board, was elected Chairwoman, and Christian Bohm and Sven Bienert were elected Vice-Chairmen. The IMMOFINANZ Supervisory Board now includes four shareholder representatives. Is New 90 Day High Low • Sep 22
New 90-day low: €13.69 The company is down 9.0% from its price of €15.09 on 24 June 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.43 per share. Announcement • Aug 10
Deka Immobilien GmbH acquired Panta Rhei office building in Düsseldorf from IMMOFINANZ AG (WBAG:IIA). Deka Immobilien GmbH acquired Panta Rhei office building in Düsseldorf from IMMOFINANZ AG (WBAG:IIA) on August 6, 2020. JLL Germany acted as broker in the transaction.
Deka Immobilien GmbH completed the acquisition of Panta Rhei office building in Düsseldorf from IMMOFINANZ AG (WBAG:IIA) on August 6, 2020. Announcement • Jul 22
IMMOFINANZ AG To Be Deleted From Other OTC IMMOFINANZ AG Sponsored ADR (Austria) will be deleted from Other OTC effective July 13, 2020. The deletion was due to ADR /GDR Program Terminated. Announcement • Jul 10
IMMOFINANZ AG has completed a Follow-on Equity Offering in the amount of €236.062195 million. IMMOFINANZ AG has completed a Follow-on Equity Offering in the amount of €236.062195 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 15,418,824
Price\Range: €15.31
Transaction Features: Subsequent Direct Listing 
